New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
CLEVELAND-CLIFFS INC. amended revolving credit of $4,750 million with Bank of America, N.A., as administrative agent maturing June 9, 2028.
“The Fourth Amendment, among other things, increases the amount of tranche A revolver commitments available thereunder by an additional $250 million to an aggregate principal amount of $4,750 million and extends the maturity date of all such commitments from March 13, 2025 to June 9, 2028.”
Hainan Manaslu Acquisition Corp. incurred convertible notes of $227,700 with Able View Inc. at does not bear interest maturing upon closing of a business combination.
“On June 9, 2023, Hainan Manaslu Acquisition Corp. (the “Company”) issued one unsecured promissory note in an amount of $227,700, to Able View Inc. (“Able View”), in exchange for Able View depositing such amount into the Company’s trust account in order to further extend the amount of time it has available to complete a business combination. The Note does not bear interest and mature upon closing of a business combination by the Company.”
GLOBALINK INVESTMENT INC. incurred loan of $700,000 with Public Gold Marketing Sdn. Bhd at does not bear interest maturing September 9, 2023.
“he total principal amount of $700,000 (the “Promissory Note”) to Public Gold Marketing Sdn. Bhd, a Malaysian private limited company and an entity not affiliated with the Company (“PGM”) for funding the Extension Payment and general corporate purposes.”
Lakeshore Acquisition II Corp. incurred loan of $40,000 with Nature's Miracle at does not bear interest maturing upon the earlier of (i) the closing of the Company's initial business combination and (ii) December 11, 2023.
“On June 8, 2023, the Company issued an unsecured promissory note dated June 8, 2023, in the aggregate principal amount of $40,000 (the “Note”) to Nature’s Miracle. The Note does not bear interest and matures upon the earlier of (i) the closing of the Company’s initial business combination and (ii) December 11, 2023.”
Global System Dynamics, Inc. incurred loan of $83,947 with DarkPulse, Inc. at bears no interest maturing upon the earlier of (i) the date on which the Company consummates its Initial Business Combination, and (ii) the date that the winding up of the Company is effe.
“On June 9, 2023, Global System Dynamics, Inc., a Delaware corporation (“ GSD ” or the “ Company ”), issued a promissory note (the “ Note ”) in the aggregate principal amount of $83,947 to DarkPulse, Inc., a Delaware corporation, the sponsor of the Company (the “ Sponsor ”), in connection with the extension of the termination date for the Company’s initial business combination (the “ Initial Business Combination ”) from June 9, 2023 to July 9, 2023. Pursuant to the Note, the Sponsor has agreed to loan to the Company $83,947 to deposit into the Company’s trust account. The Note bears no interest and is repayable in full upon the earlier of (i) the date on which the Company consummates its Initial Business Combination, and (ii) the date that the winding up of the Company is effective.”
Estrella Immunopharma, Inc. incurred loan of $60,000 with Tradeup INC. at no interest maturing upon the earlier to occur of (i) the consummation of the Business Combination or (ii) the date of expiry of the term of the Company.
“On June 6, 2023, TradeUP Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Promissory Note”) in the amount of $60,000 to Tradeup INC., one of the founders of the Company.”
Cyxtera Technologies, Inc. incurred credit facility of up to $200 million with Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent at SOFR plus 8.50%, with a SOFR floor of 1.00% maturing 6 months after the Effective Date.
“The DIP Facility provides for an up to $200 million senior secured superpriority debtor-in-possession term loan credit facility”
Block, Inc. amended credit facility of up to $775 million with Goldman Sachs Bank USA, as administrative agent at Term SOFR plus a margin of between 1.25% and 1.75% or base rate plus margin rang maturing June 9, 2028.
“million. With the additional revolving loan commitments, the total revolving commitments under the Amended Credit Agreement increased to an aggregate principal amount of up to $775 million. Under the Amended Credit Agreement, the revolving loans bear interest, at Block’s option, at an annual rate based on the forward-looking term rate based on the secured overnight”
Cohen & Co Inc. amended revolving credit of up to $15 million with Byline Bank at Term SOFR Rate plus 6.0% maturing December 21, 2023.
“On June 9, 2023 (the “Effective Date”), the Borrower and the Lender entered into the Third Amended and Restated Loan Agreement (the “Third Amended and Restated Agreement”), which amended and restated the Second Amended and Restated Agreement in its entirety. The primary purposes of the amendment and restatement of the Second Amended and Restated Agreement was to (i) decrease the loan commitment of Lender there under from $25 million to $15 million, and (ii) decrease the amount of tangible net worth which the Borrower was required to maintain from $85 million through June 30, 2023 (and $90 million thereafter) to $70 million at all times during the term of the Third Amended and Restated Agreement.”
REINSURANCE GROUP OF AMERICA INC incurred senior notes of $400 million with The Bank of New York Mellon Trust Company, N.A. at 6.000% maturing September 15, 2033.
“On June 8, 2023, Reinsurance Group of America, Incorporated (the “Company”) completed the offering of $400 million aggregate principal amount of its 6.000% Senior Notes due 2033 (the “Senior Notes”).”
MERIT MEDICAL SYSTEMS INC incurred credit facility of $150,000,000 term loan and $700,000,000 revolving credit facility with Wells Fargo Bank, National Association (Agent), Bank of America, N.A., HSBC Bank USA, National Association, U.S. Bank National Association, Truist Bank, TD Bank, Huntington Bank, Regions Bank at Base Rate plus Applicable Margin; Adjusted Term SOFR plus Applicable Margin; Adj maturing June 6, 2028.
“to the Fourth Amended Credit Agreement as Lenders. Pursuant to the terms of the Fourth Amended Credit Agreement, the Lenders have agreed to make a term loan in the amount of $150,000,000 and revolving credit loans up to an aggregate amount of up to $700,000,000, inclusive of sub-facilities of up to $40,000,000 for multicurrency borrowings, up to $40,000,000 for”
INTERPUBLIC GROUP OF COMPANIES, INC. incurred senior notes of $300 million aggregate principal amount with U.S. Bank Trust Company, National Association at 5.375% maturing June 15, 2033.
“On June 8, 2023, The Interpublic Group of Companies, Inc. (the “ Company ”) completed its offering and sale of $300 million aggregate principal amount of its 5.375% Senior Notes due 2033 (the “ Notes ”).”
Rubicon Technologies, Inc. amended credit facility of $20.0 million with Mizzen Capital LP.
“On June 7, 2023, the Borrowers and Guarantors entered into an amendment (the “ Subordinated Term Loan Amendment ”) to the $20.0 million subordinated term loan facility entered into on December 22, 2021”
Rubicon Technologies, Inc. incurred revolving credit of $90 million with Midcap Funding IV Trust, as agent at SOFR interest rate plus an initial margin equal to 4.25% per annum, which may st maturing earlier of (i) the date that is three (3) years following the closing date and (ii) if any obligations or revolving loan commitments remain outstanding on the d.
“entered into a Credit, Security and Guaranty Agreement (the “ ABL Credit Agreement ”) providing for an asset-backed revolving credit facility in an aggregate revolving loan committed amount of $90 million (the “ ABL Credit Facility ”).”
Rubicon Technologies, Inc. incurred term loan of $75 million with Acquiom Agency Services LLC, as agent at Applicable Reference Rate (as defined in the Term Loan Agreement) plus the Appli maturing June 7, 2025, provided that, subject to certain conditions, the maturity date may automatically extend to June 7, 2026.
“On June 7, 2023, the Borrowers, the Guarantors, the lenders party thereto and Acquiom Agency Services LLC, as agent, entered into a Credit, Security and Guaranty Agreement (“ Term Loan Agreement ”) providing for a term loan credit facility in an aggregate term loan commitment amount of $75 million (“ Term Loan Facility ”).”
Nova Vision Acquisition Corp incurred convertible notes of $75,030.26 with Nova Pulsar Holdings Limited maturing matures upon the closing of a business combination by the Company.
“On June 8, 2023, Nova Vision Acquisition Corp. (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $75,030.26 (the “Note”) to Nova Pulsar Holdings Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination. The Note does not bear interest and matures upon the closing of a business combination by the Company.”
Mountain Crest Acquisition Corp. IV incurred loan of $400,000 with CH-Auto Technology Corporation Ltd. at does not bear interest maturing the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Company liquidates if a b.
“On June 7, 2023, Mountain Crest Acquisition Corp. IV (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $400,000 (the “Note”) to CH-Auto Technology Corporation Ltd. (“CH Auto”).”
CAPITAL SOUTHWEST CORP incurred senior notes of $62,500,000 aggregate principal amount with Oppenheimer & Co., Inc., as representative of the several underwriters at 7.75% maturing due 2028.
“On June 7, 2023, Capital Southwest Corporation (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) by and between the Company and Oppenheimer & Co., Inc., as representative of the several underwriters named in Schedule A thereto, in connection with the issuance and sale of $62,500,000 aggregate principal amount of the Company’s 7.75% Notes due 2028 (the “ Notes ” and the issuance and sale of the Notes, the “ Offering ”).”
Serina Therapeutics, Inc. incurred convertible notes of $500,000 with Juvenescence Ltd maturing February 14, 2024.
“On June 7, 2023, AgeX drew $500,000 of its credit available under the Secured Note as most recently amended by the Third Amendment.”
NightFood Holdings, Inc. incurred convertible notes of $200,000.00 ($170,000 purchase price plus $30,000 original issue discount) with Mast Hill Fund, L.P. at 16% per annum upon default; OID of $30,000 maturing 12-month anniversary of June 1, 2023 (June 1, 2024).
“On June 2, 2023, Nightfood Holdings, Inc. (the “Company”) consummated the transactions pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) dated as of June 1, 2023 (the “Effective Date”) and issued and sold to Mast Hill Fund, L.P. (“Mast Hill”), a Promissory Note (the “Note”) in the principal amount of $200,000.00 (actual amount of purchase price of $170,000 plus an original issue discount (“OID”) in the amount of $30,000).”
DIEBOLD NIXDORF, Inc incurred credit facility of $1.25 billion with GLAS USA LLC (as administrative agent) at adjusted secured overnight financing rate with a one-month tenor rate plus 7.50% maturing October 2, 2023.
“with the applicable provisions of the U.S. Bankruptcy Code and orders of the U.S. Bankruptcy Court. On June 2, 2023, the U.S. Bankruptcy Court approved the Debtors’ proposed $1.25 billion senior secured superpriority debtor-in-possession term loan credit facility (the “DIP Facility”) on an interim basis pursuant to the DIP Facility Interim Order (as defined”
CUMMINS INC incurred revolving credit of up to $2.0 billion with JPMorgan Chase Bank, N.A. at Adjusted Term SOFR Rate or Adjusted EURIBO Rate plus a rate ranging from 0.45% t maturing June 3, 2024.
“nd JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent. Under the 364-Day Credit Agreement, the Borrowers may”
Trump Media & Technology Group Corp. incurred convertible notes of aggregate principal amount of $10,000,000 with Renatus Advisors LLC at bears no interest maturing repayable in full upon the earlier of (i) the date on which the Company consummates its Business Combination and (ii) the date that the winding up of the Compan.
“On June 2, 2023, Digital World Acquisition Corp., a Delaware corporation (the “Company”), issued a promissory note in the aggregate principal amount of $2,000,000 (the “$2 Million Note”) to Renatus Advisors LLC (the “Renatus”), of which Eric Swider, Interim Chief Executive Officer and Director of the Company, is a founder and partner and another promissory note in the aggregate principal amount of $10,000,000 (the “$10 Million Note,” together with the $2 Million Note, the “Notes”) to Renatus.”
Trump Media & Technology Group Corp. incurred convertible notes of aggregate principal amount of $2,000,000 with Renatus Advisors LLC at bears no interest maturing repayable in full upon the earlier of (i) the date on which the Company consummates its Business Combination and (ii) the date that the winding up of the Compan.
“On June 2, 2023, Digital World Acquisition Corp., a Delaware corporation (the “Company”), issued a promissory note in the aggregate principal amount of $2,000,000 (the “$2 Million Note”) to Renatus Advisors LLC (the “Renatus”), of which Eric Swider, Interim Chief Executive Officer and Director of the Company, is a founder and partner and another promissory note in the aggregate principal amount of $10,000,000 (the “$10 Million Note,” together with the $2 Million Note, the “Notes”) to Renatus.”
Medicine Man Technologies, Inc. incurred loan of $17.5 million with Sucellus, LLC at 5% maturing last day of the calendar quarter following the fourth anniversary of the closing of the Everest Acquisition.
“After purchase price adjustments and subject to post-closing adjustments, the aggregate purchase price for Everest Acquisition paid at closing was approximately $37.19 million, of which $11.69 million was paid in cash, $17.5 million was paid in the form of an unsecured promissory note issued by Everest Purchaser to Seller (the “Everest Note”), and $8 million was paid in Company common stock in the amount of 7,619,047 shares. The Everest Note is payable on the last day of the calendar quarter following the fourth anniversary of the closing of the Everest Acquisition (“Closing”) with interest payable quarterly at an annual interest rate of 5% (the “Everest Note”).”
GLOBAL TECHNOLOGIES LTD incurred convertible notes of $90,000 with Hillcrest Ridgewood Partners, LLC at 8% per annum maturing May 31, 2024.
“On May 31, 2023, the Company and the Holder agreed to rescind the Old Convertible Note and issue the Holder a new Convertible Note (the “New Convertible Note”) in the amount of $90,000 and enter into a Securities Purchase Agreement (the “SPA”). The New Convertible Note has a term of one (1) year, Maturity Date of May 31, 2024, and bears interest at 8% per annum.”
AVIS BUDGET GROUP, INC. incurred senior notes of $526 million maturing five years.
“On the Closing Date, ABRCF also issued $526 million of asset-backed securities with a maturity of five years, comprised of $416.6 million aggregate principal amount of Series 2023-6 5.81%, Class A notes, $66.5 million aggregate principal amount of Series 2023-6 6.40%, Class B notes and $42.9 million aggregate principal amount of Series 2023-6 7.03%, Class C notes.”
AVIS BUDGET GROUP, INC. incurred senior notes of $476 million maturing three years.
“On June 1, 2023 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $476 million of asset-backed securities with a maturity of three years, comprised of $377 million aggregate principal amount of Series 2023-5 5.78%, Class A notes, $60.2 million aggregate principal amount of Series 2023-5 6.12%, Class B notes and $38.8 million aggregate principal amount of Series 2023-5 6.85%, Class C notes.”
CASEYS GENERAL STORES INC incurred loan of $50 million with UMB Bank, n.a. at variable rate based on the federal funds effective rate, plus an applicable marg maturing upon UMB's demand.
“On June 1, 2023, the Company executed and delivered to UMB Bank, n.a. (“UMB”) a promissory note in the principal amount of $50 million”
DIH HOLDING US, INC. incurred loan of $135,000.00 with ATAC Sponsor LLC at bears no interest maturing upon the earlier of (a) the date of the consummation of the Company’s initial business combination, or (b) the date of the liquidation of the Company.
“As previously disclosed, on March 3, 2023, Aurora Technology Acquisition Corp. (the “Company”) issued an unsecured promissory note to ATAC Sponsor LLC (the “Sponsor”), with a principal amount equal to $810,000.00 (the “Extension Note”). Pursuant to the Extension Note, on June 2, 2023, the Company delivered to the Sponsor a written request to draw down $135,000.00 for the purpose of extending the date by which the Company has to consummate a business combination (the “Combination Period”).”
Forbion European Acquisition Corp. incurred loan of $1,265,000 with Forbion Growth Sponsor FEAC I B.V. at bears no interest maturing the earlier of (i) the date of consummation of the Business Combination and (ii) the Maturity Date.
“On June 6, 2023, the Company issued an unsecured promissory note (the “ Extension Note ”) in the total principal amount of $1,265,000 to the Sponsor.”
Forbion European Acquisition Corp. incurred loan of $300,000 with Forbion Growth Sponsor FEAC I B.V. at bears no interest maturing the earlier of (i) the date of consummation of the Company's initial merger, share exchange, asset acquisition, share purchase, reorganization or similar busine.
“On June 6, 2023, Forbion European Acquisition Corp. (the “ Company ”) issued an unsecured promissory note (the “ Working Capital Note ”) in the total principal amount of $300,000 to Forbion Growth Sponsor FEAC I B.V. (the “ Sponsor ”).”
Fortune Rise Acquisition Corp incurred loan of $100,000 with Water On Demand, Inc. at non-interest bearing maturing earlier of (i) consummation of the Company's initial business combination and (ii) the date of the liquidation of the Company.
“xtension Payment, the Company issued an unsecured promissory note (the “ Note ”) to Water On Demand, Inc., a Nevada corporation and the entity which controls the Company’s sponsor.”
FLYEXCLUSIVE INC. incurred loan of $240,000 with EG Sponsor, LLC at no interest maturing the earlier of: (i) September 28, 2023 or (ii) the date on which the Company consummates an initial business combination.
“The Company also issued an unsecured promissory note (the “Working Capital Note”), dated June 1, 2023, in the principal amount of $240,000 to the Sponsor for general corporate purposes.”
FLYEXCLUSIVE INC. incurred loan of $160,000 with EG Sponsor, LLC at no interest maturing the date on which the Company consummates an initial business combination.
“On June 2, 2023, the Company deposited $160,000 into the trust account of the Company (the “Extension Fee”) for the extension to complete a business combination through June 28, 2023 (the “Extension”). Such deposit of the Extension Fee is evidenced by an unsecured promissory note (the “Extension Promissory Note”), dated as of June 1, 2023, in the principal amount of $160,000 to the Sponsor.”
Atlantic Coastal Acquisition Corp. incurred loan of $80,000 with Atlantic Coastal Acquisition Management LLC at non-interest bearing.
“issued a non-interest bearing, unsecured promissory note in the aggregate principal amount of $80,000”
Stratim Cloud Acquisition Corp. incurred loan of two hundred fifty thousand U.S. Dollars (U.S. $250,000) with Stratim Cloud Acquisition, LLC at 10% per annum maturing on the date by which the Company completes a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination i.
“On June 6, 2023, Stratim Cloud Acquisition Corp., a Delaware Corporation (the “ Company ”) entered into a Promissory Note (the “ Promissory Note ”) with its sponsor, Stratim Cloud Acquisition, LLC, a Delaware limited liability company (the “ Sponsor ”). Pursuant to the Promissory Note, the Sponsor has agreed to provide the Company with a loan up to a principal amount of two hundred fifty thousand U.S. Dollars (U.S. $250,000) with an interest rate of 10% per annum, computed at a daily rate of 0.0278%. All unpaid principal and interest under the Promissory Note shall be due and payable in full on the date by which the Company completes a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses pursuant to its Amended and Restated Certificate of Incorporation (as it may be amended from time to time) (the “ Maturity Date ”).”
VNOM Sub, Inc. amended credit facility of increased the aggregate elected commitment amount from $500 million to $750 million with Wells Fargo Bank, National Association.
“On May 31, 2023, Viper Energy Partners LLC, as borrower, and Viper Energy Partners LP, as guarantor (“Viper”), entered into a tenth amendment (the “Amendment”) to the Amended and Restated Senior Secured Revolving Credit Agreement, dated as of July 20, 2018, with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto, as subsequently amended, supplemented or otherwise modified. The Amendment, among other things, increased the borrowing base from $580 million to $1 billion and increased the aggregate elected commitment amount from $500 million to $750 million.”
GLADSTONE LAND Corp amended credit facility with Federal Agricultural Mortgage Corporation ("Farmer Mac") and Farmer Mac Mortgage Securities Corporation ("the Bond Purchaser") maturing Final Maturity Date to a date that is ten (10) years from the applicable issuance date.
“extending the Final Issuance Date until the earlier of (a) December 31, 2026 and (b) such date as Farmer Mac determines a Material Adverse Change has occurred and extending the Final Maturity Date to a date that is ten (10) years from the applicable issuance date”
CareView Communications Inc amended credit facility with PDL Investment Holdings, LLC maturing December 31, 2024.
“On May 31, 2023 (the “Effective Date”), the Company, the Borrower, the Lender, Steven G. Johnson, President and Chief Executive Officer of the Company, and Dr. James R. Higgins, a director of the Company, entered into a Seventh Amendment to Credit Agreement (the “Seventh Credit Agreement Amendment”), pursuant to which the parties agreed to amend the Credit Agreement to, among other things, (i) provide that, after the Effective Date, all accrued but unpaid interest (including interest accrued but unpaid prior to the Effective Date and excluding interest payable on the Maturity Date, in connection with any prepayment, or in the event of an Event of Default, which interest will be payable in cash) accruing on Tranche One Loans and Tranche Three Loans will be paid-in-kind on each Interest Payment Date by being added to the aggregate principal balance of the respective loans in arrears on each Interest Payment Date; (ii) require certain mandatory prepayments of the loans by the Company, inc”
Lazard Group LLC incurred revolving credit of $200 million with Citibank, N.A. at adjusted term SOFR rate, at Lazard Group’s option, plus a spread determined by L maturing five-year.
“On June 6, 2023, Lazard Group LLC (“Lazard Group”) entered into an Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement”) among Lazard Group, the lenders party thereto and Citibank, N.A., as administrative agent (the “Administrative Agent”), to replace Lazard Group’s existing credit facility with a new five-year $200 million senior revolving credit facility.”
WINTRUST FINANCIAL CORP amended credit facility of $520 million with Plaza Trust (CIBC Mellon Trust Company as trustee) at 0.825% (fee rate) maturing December 15, 2024.
“Pursuant to the Amendment, the Commitment Maturity Date of the Receivables Purchase Agreement has been extended to December 15, 2024, the facility limit has been increased from $420 million to $520 million, and the fee rate increased from 0.775% to 0.825%.”
BXP, Inc. amended credit facility with Bank of America, N.A., as administrative agent, and certain lenders at SOFR-based daily floating rate option with a credit spread adjustment of 0.10%.
“the Amendment replaced the London interbank offered rate-based daily floating rate option with a Secured Overnight Financing Rate ("SOFR")-based daily floating rate option and added options for SOFR-based term floating rates and rates for alternative currency loans. In addition, the Amendment added a SOFR credit spread adjustment of 0.10%.”
TIAA REAL ESTATE ACCOUNT incurred senior notes of $400,000,000 with certain qualified institutional purchasers at 5.50% maturing May 30, 2027.
“the Company agreed to issue $400,000,000 in aggregate principal amount of 5.50% series C senior notes due May 30, 2027”
Meritage Homes CORP amended credit facility of $835.0 million maturing June 2, 2028.
“On June 2, 2023, Meritage Homes Corporation (the “Company”) entered into the Eighth Amendment to Amended and Restated Credit Agreement (the “Eighth Amendment”), which amends that certain Amended and Restated Credit Agreement, dated as of June 13, 2014 (the “Credit Agreement”). Among other things, the Eighth Amendment increases the facility size to $835.0 million, extends the maturity date from December 22, 2026 to June 2, 2028, amends the accordion feature to permit the facility to increase by up to fifty percent of the facility size, increases the letter of credit sublimit up to the maximum size of the facility at the closing of the Eighth Amendment, eliminates the liquidity and interest coverage covenant and adjusts certain covenant basket amounts.”
SENSIENT TECHNOLOGIES CORP incurred senior notes of $75,000,000 at 4.94% maturing May 31, 2028.
“the Company issued $75,000,000 of U.S. dollar-denominated five-year 4.94% senior notes”
Eightco Holdings Inc. incurred senior notes of $1,650,000.
“On May 30, 2023, the Borrower entered into a Debt Exchange Agreement (the “Debt Agreement”) with two Lenders for funds advanced to the Borrower pursuant to secured promissory notes (the “Old Notes”), executed by the Borrower in favor of the Lenders during 2021. Under the terms of the Debt Agreement, the Old Notes shall be exchanged for new Notes (“New Notes”) as per the terms of the Loan and Security Agreement dated May 30, 2023. The principal of the New Notes issued under the Debt Agreement is $1,650,000.”
Eightco Holdings Inc. incurred revolving credit of $1,925,000 at 15.00% per annum.
“As of June 1, 2023, $1,925,000 has been advanced by the Lenders. The Borrower issued a Promissory Note (the “Note”) to each of the Lenders in the amount of the Lender’s respective Initial Loan Advance. The principal balance of the Initial Loan Advance and each Subsequent Draw shall bear interest thereon from the Closing Date and applicable Advance Date, respectively, at 15.00% per annum.”
Finnovate Acquisition Corp. incurred loan of up to $1,200,000 with Sunorange Limited at no interest maturing earlier of (i) date of business combination or (ii) date winding up is effective.
“On June 2, 2023, Finnovate Acquisition Corp., a special purpose acquisition company incorporated as a Cayman Islands exempted company (the " Company "), issued a promissory note (the " Note ") in the aggregate principal amount of up to $1,200,000 (the " Extension Funds ") to Sunorange Limited, the general partner of Finnovate Sponsor L.P., the Company's sponsor (the " Sponsor "), pursuant to which the Extension Funds would be deposited into the Company's trust account (the " Trust Account ") for each Class A ordinary share of the Company (" Public Share ") that was not redeemed in connection with the Company's May 8, 2023 shareholder vote to approve an extension of the Company's termination date from May 8, 2023 to May 8, 2024.”
Pinstripes Holdings, Inc. incurred loan of total principal amount of up to $1,000,000 with Keith Jaffee maturing mature upon closing of the Company’s initial business combination.
“(the “Notes”) to the Company’s chairman, Jerry Hyman and to the Company’s chief executive officer, Keith Jaffee. Each of the Notes is in the total principal amount of up to $1,000,000 and each of Jerry Hyman and Keith Jaffee have funded an initial principal amount of $100,000. The proceeds of the Notes, which may be drawn down from time to time until the”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.