The current index rate at closing is 3.0%. Optex intends to use this revolving credit facility to support working capital for the company's continuing operations and growth needs during the next two years. The facility with BBVA USA replaces the $2.25 million facilities line of credit carried with Avidbank which expires on April 21, 2020. Karen Hawkins, CFO of Optex Systems Holdings Inc., commented, "Although Optex continues to maintain a strong balance sheet during these uncertain times, we are delighted at the opportunity to secure our future working capital needs with a local bank allowing more flexibility to our borrowing needs at a reduced cost to the company. We look forward to our new relationship with BBVA USA and are thankful to Avidbank for their banking support over the last nine years."