New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
Tilray Brands, Inc. incurred convertible notes of $150,000,000 aggregate principal amount with Jefferies LLC and BofA Securities, Inc. at 5.20% maturing mature on June 15, 2027.
“Tilray Brands, Inc. (“Tilray”) completed its registered underwritten public offering of $150,000,000 aggregate principal amount of 5.20% Convertible Senior Notes due 2027 (the “notes”)”
Blue Star Foods Corp. incurred convertible notes of $1,200,000 with Lind Global Fund II LP at interest free maturing two-year.
“On May 30, 2023, Blue Star Foods Corp., a Delaware corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Lind Global Fund II LP, a Delaware limited partnership (the “Investor”), pursuant to which the Company issued to the Investor a secured, two-year, interest free convertible promissory note in the principal amount of $1,200,000 (the “Note”) and a common stock purchase warrant (the “Warrant”) to acquire 8,700,696 shares of common stock of the Company, for the aggregate funding amount of $1,000,000.”
Aditxt, Inc. incurred loan of $200,000 with Amro Albanna at eight and one-quarter percent (8.25%) per annum maturing November 25, 2023.
“On May 25, 2023, Amro Albanna, the Chief Executive Officer of the Company, loaned $200,000 to the Company. The loan was evidenced by an unsecured promissory note (the “ Note ”). Pursuant to the terms of the Note, it will accrue interest at a rate of eight and one-quarter percent (8.25%) per annum, the Prime rate on the date of signing, and is due on the earlier of November 25, 2023 or an event of default, as defined therein.”
Ranger Energy Services, Inc. incurred credit facility with Wells Fargo Bank, N.A.
“On May 31, 2023, Ranger Energy Services, Inc. entered into a new asset backed lending facility (“ABL”) with Wells Fargo Bank, N.A, as administrative agent and sole lender.”
Kisses From Italy Inc. incurred loan of $110,000.00 with Jefferson Street Capital LLC at 10% per annum maturing February 9, 2024.
“On May 24, 2022, Kisses from Italy, Inc., a Florida corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Jefferson Street Capital LLC, a New Jersey limited liability company (“Lender”), pursuant to which the Company issued to the Lender a promissory note in the principal amount of $110,000.00 (the “Note”).”
Enova International, Inc. incurred credit facility of $215,000,000.00 Class A Revolving Loans and $72,213,740.46 Class B Revolving Loans with BNP Paribas, as administrative agent and collateral agent, and Deutsche Bank Trust Company Americas, as paying agent at Class A: Agreed rate + 2.70%; Class B: SOFR + 8.50% maturing May 25, 2026.
“Company Americas, as paying agent. The following table summarizes certain key terms of the Credit Agreement. Class A Revolving Loans Class B Revolving Loans Commitment Amount $215,000,000.00 $72,213,740.46 Borrowing Rate Agreed rate + 2.70% SOFR + 8.50% Borrowing Base Advance Rate 65.5% 87.5% Revolving Period Termination May 25, 2025 May 25, 2025 Maturity Date May 25,”
GLADSTONE INVESTMENT CORPORATION\DE incurred senior notes of $74,750,000 aggregate principal amount with UMB Bank, National Association, as trustee at 8.00% per year maturing August 1, 2028.
“On May 31, 2023, in connection with a previously announced public offering, Gladstone Investment Corporation (the “Company”) and UMB Bank, National Association, as trustee (the “Trustee”), entered into a Fourth Supplemental Indenture (the “Fourth Supplemental Indenture”) to the Indenture, dated May 22, 2020, between the Company and the Trustee (together with the Fourth Supplemental Indenture, the “Indenture”). The Fourth Supplemental Indenture relates to the Company’s issuance, offer and sale of $ 74,750,000 aggregate principal amount of its 8.00% Notes due 2028 (the “Notes”). The Notes will mature on August 1, 2028, unless previously redeemed or repurchased in accordance with their terms. The interest rate of the Notes is 8.00% per year, and interest on the Notes will be paid on February 1, May 1, August 1 and November 1 of each year, beginning on August 1, 2023.”
ONCOR ELECTRIC DELIVERY CO LLC incurred revolving credit of $200 million aggregate principal amount with MUFG Bank, Ltd. maturing April 28, 2026.
“On May 25, 2023, $200 million aggregate principal amount was borrowed under the AR Facility.”
SONIC FOUNDRY INC incurred loan of increase to the original principal amount of $3,000,000 by up to an additional $2,000,000 with Mark Burish at 12% rate of interest per annum.
“The Burish Amendment further provides for an increase to the original principal amount of $3,000,000 by up to an additional $2,000,000 in one or more tranches. Such additional borrowings are subject to the same 12% rate of interest per annum.”
SOCKET MOBILE, INC. incurred convertible notes of $1,600,000 at 10% per year maturing May 26, 2026.
“On May 26, 2023, Socket Mobile, Inc. (the “Company”) completed a secured subordinated convertible note financing of $1,600,000”
CASELLA WASTE SYSTEMS INC amended credit facility of increase in the principal amount of Term Loan A from the originally anticipated $400.0 million to $430.0 million with Bank of America, N.A..
“The Loan Joinder also amended and supplemented the Credit Agreement to provide for an increase in the principal amount of Term Loan A from the originally anticipated $400.0 million to $430.0 million”
CASELLA WASTE SYSTEMS INC incurred term loan of up to $430.0 million with Bank of America, N.A. at 2.375% over adjusted Term SOFR (or 1.375% over Base Rate) maturing December 22, 2026.
“On May 25, 2023, Casella Waste Systems, Inc. (the “Registrant”) entered into a Specified Acquisition Loan Joinder (the “Loan Joinder”) by and among the Registrant, certain of its subsidiaries, Bank of America, N.A., as administrative agent and lender and the other lenders party thereto (the “Specified Acquisition Lenders”) pursuant to which the Specified Acquisition Lenders committed to lend to the Registrant up to $430.0 million (such commitments, the “Commitments”), on the terms and conditions thereof, as a term loan A (“Term Loan A”) facility under the Registrant’s Amended and Restated Credit Agreement dated as of December 22, 2021, as amended”
Seneca Foods Corp amended term loan of $298.5 million with Farm Credit East, ACA at SOFR plus an additional margin determined by the Company’s leverage ratio maturing January 20, 2028.
“The Amendment amends, restates and replaces in its entirety Term Loan A-2 (as defined in the Loan Agreement) and provides a single advance term facility in the principal amount of $125.0 million to be combined with the existing $173.5 million Term Loan A-2 into one single $298.5 million term loan”
Everest Consolidator Acquisition Corp incurred guarantee of aggregate original principal amount of $1,725,000 with the Noteholder.
“in respect of a promissory note with an aggregate original principal amount of $1,725,000”
Wejo Group Ltd faced acceleration on debt of $2.2 million in principal and redemption premium in the aggregate under the Unsecured Note with Tim Lee.
“aggregate under the Secured Convertible Notes; (iii) approximately $3.57 million in principal, interest and extension fees in the aggregate under the Second Lien Note, and (iv) $2.2 million in principal and redemption premium in the aggregate under the Unsecured Note.”
Wejo Group Ltd faced acceleration on senior notes of approximately $3.57 million in principal, interest and extension fees in the aggregate under the Second Lien Note with Esousa Holdings LLC.
“Secured Loan Notes; (ii) approximately $10.5 million in principal and interest through December 2023 in the aggregate under the Secured Convertible Notes; (iii) approximately $3.57 million in principal, interest and extension fees in the aggregate under the Second Lien Note, and (iv) $2.2 million in principal and redemption premium in the aggregate under the”
Wejo Group Ltd faced acceleration on convertible notes of approximately $10.5 million in principal and interest through December 2023 in the aggregate under the Secured Convertib with General Motors Holdings LLC.
“(ii) Secured Convertible Note issued under that certain Securities Purchase Agreement, dated December 16, 2022, by and between the Company and General Motors Holdings LLC”
Wejo Group Ltd faced acceleration on loan of approximately $42.6 million in principal and unpaid interest through April 2024 in the aggregate under the Secured Loan with Securis Investment Partners LLP.
“The filing of the Notice of Intent constitutes an event of default that accelerated the Company’s obligations under (i) the Secured Loan Notes issued under that certain Loan Note Instrument, dated April 21, 2021, by and among Wejo Limited and Securis Investment Partners LLP, as security agent;”
SMART FOR LIFE, INC. incurred loan of $1,734,950 with Dr. Sasson E. Moulavi at 6%.
“on May 26, 2023, the Company issued Dr. Moulavi a new 6% Secured Subordinated Promissory Note (the "Moulavi Balance Note"), having identical terms to the Moulavi Note but with a principal amount of $1,734,950”
Kiromic Biopharma, Inc. incurred convertible notes of $2,000,000 with an accredited investor at 25% per annum maturing May 24, 2024.
“On May 24, 2023, Kiromic BioPharma, Inc. (the “Company”) issued a 25% Senior Secured Convertible Promissory Note (the “Note”) to an accredited investor. The Note has a principal amount of $2,000,000, bears interest at a rate of 25% per annum (the “Stated Rate”) and matures on May 24, 2024 (the “Maturity Date”)”
FUSE GROUP HOLDING INC. incurred convertible notes of $50,000 with Liu Marketing (M) Sdn. Bhd. at 3% per annum maturing the date that is twenty-four months from the date that the purchase price of the Note is paid to the Company.
“On May 29, 2023, Fuse Group Holding Inc. (the “Company”), entered into a Convertible Promissory Notes Purchase Agreement (the “Agreement”) with Liu Marketing (M) Sdn. Bhd., a company organized under the laws of Malaysia (the “Purchaser”). Pursuant to the Agreement, the Company sold a Convertible Promissory Note to the Purchaser with a principal amount of $50,000 (the “Note”).”
AXIM BIOTECHNOLOGIES, INC. incurred convertible notes of $575,000 with certain investors at 3.75% per annum maturing May 23, 2033.
“On May 23, 2023, AXIM Biotechnologies, Inc. (the “Company”) issued five (5) convertible promissory notes in the aggregate principal amount of $575,000 (the "Convertible Notes") to certain investors.”
MMEX Resources Corp faced acceleration on convertible notes of $226,875 plus interest and other damages with Sabby Volatility Warrant Master Fund, Ltd..
“On May 26, 2023, the Company received notice that Sabby had filed a lawsuit in a New York Supreme Court, alleging breach of contract, fraud, and failure to maintain and deliver shares under the Sabby Note. Sabby is seeking monetary damages in an amount to be determined at trial, but not less than $226,875 plus interest and other damages under the Sabby Note, plus attorney’s fees and costs of the lawsuit.”
Seagate Technology Holdings plc incurred senior notes of $500 million with Computershare Trust Company, National Association at 8.50% maturing July 15, 2031.
“HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and a subsidiary of Seagate Technology Holdings plc (the “Company”), issued $500 million in aggregate principal amount of 8.25% Senior Notes due 2029 (the “2029 Notes”) and $500 million in aggregate principal amount of 8.50% Senior Notes due 2031 (the “2031 Notes””
Seagate Technology Holdings plc incurred senior notes of $500 million with Computershare Trust Company, National Association at 8.25% maturing December 15, 2029.
“issued $500 million in aggregate principal amount of 8.25% Senior Notes due 2029 (the “2029 Notes”)”
TTM TECHNOLOGIES INC incurred revolving credit of $150.0 million with JPMorgan Chase Bank, N.A. at Term SOFR plus a margin ranging from 1.35% to 1.60% maturing May 2028.
“ABL Credit Agreement On May 30, 2023, the Company entered into an Amended & Restated ABL Credit Agreement by and among the Company, the several lenders from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Barclays Bank PLC, Bank of America, N.A. and Truist Securities, Inc. as Syndication Agents, and HSBC Securities (USA) Inc., as Documentation Agent (the “U.S. ABL Credit Agreement”). The U.S. ABL Credit Agreement provides for a U.S. asset-based revolving credit facility with committed maximum borrowing capacity of $150.0 million (the “New U.S. ABL Facility”) that amends and restates the Company’s existing $150.0 million U.S. asset-based revolving credit facility, which was scheduled to mature in June 2024. The New U.S. ABL Facility includes a letter of credit subfacility with a sublimit of $50 million, provided that at no time may amounts outstanding under the New U.S. ABL Facility exceed in the aggregate $150.0 million or the New U.S. ABL Facility bor”
TTM TECHNOLOGIES INC incurred term loan of $350.0 million with JPMorgan Chase Bank, N.A. at Term SOFR plus a margin of 2.75% maturing May 2030.
“Term Loan Credit Agreement On May 30, 2023 (the “Closing Date”), TTM Technologies, Inc. (the “Company”) entered into an Amended & Restated Term Loan Credit Agreement by and among the Company, JPMorgan Chase Bank, N.A., as Administrative Agent, and the several lenders from time to time parties thereto (the “Term Loan Credit Agreement”). The Term Loan Credit Agreement provides for a $350.0 million senior secured term loan credit facility (the “New Term Loan Facility”) that amends and restates the Company’s existing senior secured term loan credit facility that was due to expire in September 2024, under which $355.9 million of indebtedness was outstanding. In addition, the Term Loan Credit Agreement will permit the Company to add one or more senior secured incremental term loan facilities to the New Term Loan Facility subject to the satisfaction of certain conditions. On the Closing Date, the Company used $350.0 million under the New Term Loan Facility, together with cash on hand, to refi”
NEW ROYAL HOLDCO I INC. amended revolving credit of $240 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR rate for the applicable interest period plus a credit spread adjustmen maturing earlier of May 26, 2028 and the Springing Maturity Date.
“an extension of the maturity date of the existing $240 million revolving credit facility under the Credit Facility from April 20, 2024 to the earlier of May 26, 2028 and the Springing Maturity Date”
NEW ROYAL HOLDCO I INC. incurred term loan of $400 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR rate for the applicable interest period plus a credit spread adjustmen maturing earlier of May 26, 2030 and the Springing Maturity Date.
“a new senior secured term loan B-1 credit facility in the amount of $400 million with a maturity date of the earlier of May 26, 2030 and the Springing Maturity Date, which was fully drawn at closing”
O-I Glass, Inc. /DE/ incurred senior notes of €600 million with eligible purchasers under Rule 144A and Regulation S at 6.250% maturing 2028.
“completed a private offering of €600 million aggregate principal amount of its 6.250% Senior Notes due 2028 (the "OIEG Notes" and, together with the OBGC Notes, the "Notes") to eligible purchasers under Rule 144A and Regulation S of the Securities Act.”
O-I Glass, Inc. /DE/ incurred senior notes of $690 million with eligible purchasers under Rule 144A and Regulation S at 7.250% maturing 2031.
“completed a private offering of $690 million aggregate principal amount of its 7.250% Senior Notes due 2031 (the "OBGC Notes") to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act").”
ACURA PHARMACEUTICALS, INC incurred loan of $150,000 loan with Abuse Deterrent Pharma, LLC at 5.25% maturing December 31, 2023.
“On May 19, 2023 we received a $150,000 loan from Abuse Deterrent Pharma, LLC ("AD Pharma").”
QT IMAGING HOLDINGS, INC. amended debt of $1,260,000 with GigAcquisitions5, LLC at bears no interest maturing upon the consummation of a business combination.
“On May 25, 2023, the Company further amended and restated the Extension Note (the “Eighth Restated Extension Note”) to reflect an additional principal amount of $100,000 extended by the Sponsor to the Company for a collective principal amount under the Eighth Restated Extension Note of $1,260,000.”
Slam Corp. incurred loan of $700,000 with Slam Sponsor, LLC at does not bear interest maturing upon consummation of the Company’s initial business combination.
“On May 26, 2023, Slam Corp. issued an unsecured promissory note (the “Note”) in the principal amount of $700,000 to Slam Sponsor, LLC (the “Sponsor”). The Note does not bear interest and is repayable in full upon consummation of the Company’s initial business combination (a “Business Combination”).”
Constellation Acquisition Corp I incurred loan of $150,000 with Constellation Sponsor LP at does not bear interest maturing matures upon closing of the Company’s initial business combination.
“On May 26, 2023, Constellation Acquisition Corp I (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated May 20, 2023, pursuant to the unsecured promissory note, dated January 30, 2023 between the Company and Constellation Sponsor LP (the “Note”), which Extension Funds the Company deposited into the Company’s trust account for its public shareholders.”
Airspan Networks Holdings Inc. amended convertible notes of $52.5 million with Fortress at 10.00%.
“imposed a $2.5 million fee, which was capitalized to increase the aggregate principal amount of the Convertible Notes to $52.5 million (iv) increase the interest rate applicable to the Convertible Notes to 10.00%”
Airspan Networks Holdings Inc. amended credit facility of initial term loan commitment of $10 million with DBFIP ANI LLC at variable rate per annum equal to either the Base Rate or the Adjusted Term SOFR, maturing December 30, 2024.
“covenants and (vii) provide for additional fees related to the Second A&R Credit Agreement. The Second A&R Credit Agreement establishes an initial term loan commitment of $10 million (the “Initial Term Loan”), which will accrue interest at a variable rate per annum equal to either the Base Rate (as defined in the Second A&R Credit Agreement) or the Adjusted”
Blue Owl Credit Income Corp. incurred term loan of $50 million under floating rate Class A-1L loans with various financial institutions, and State Street Bank and Trust Company at three-month term SOFR plus 2.50% maturing May 15, 2035.
“borrowing by the Issuer of $50 million under floating rate Class A-1L loans (the "Class A-1L Loans" and together with the Secured Notes, the "Debt").”
Blue Owl Credit Income Corp. incurred loan of $152.5 million of AAA(sf) Class A-1T Notes, $25.5 million of AAA(sf) Class A-1F Notes, $32 million of AA(sf) Class B Not with SMBC Nikko Securities America, Inc. at three-month term SOFR plus 2.50%, 6.10%, three-month term SOFR plus 3.60% maturing May 15, 2035.
“shares pursuant to an indenture and security agreement dated as of the Closing Date (the “Indenture”), by and among the Issuer and State Street Bank and Trust Company: (i) $152.5 million of AAA(sf) Class A-1T Notes, which bear interest at three-month term SOFR plus 2.50%, (ii) $25.5 million of AAA(sf) Class A-1F Notes, which bear interest at 6.10% and (iii) $32”
BYLINE BANCORP, INC. amended revolving credit of $15,000,000 with CIBC Bank USA maturing May 26, 2024.
“the renewal of the revolving line-of-credit facility of up to $15,000,000, extending its maturity date to May 26, 2024”
BYLINE BANCORP, INC. incurred term loan of $20,000,000 with CIBC Bank USA maturing May 26, 2026.
“a new term loan facility in the principal amount of up to $20,000,000 with a maturity date of May 26, 2026”
Avalon GloboCare Corp. incurred convertible notes of $1,500,000.00 with Mast Hill Fund, L.P. at 13%.
“On May 23, 2023, AVALON GLOBOCARE CORP. (the “ Company ”) entered into securities purchase agreements (the “ Securities Purchase Agreements ”) with Mast Hill Fund, L.P. (“ Mast Hill ”) for the issuance of 13% senior secured promissory notes in the aggregate principal amount of $1,500,000.00 (collectively the “ Notes ”) convertible into shares of common stock, par value $0.0001 per share, of the Company, as well as the issuance of up to 75,000 shares of common stock as a commitment fee and warrants for the purchase of up to 230,000 shares of common stock of the Company.”
Avalon GloboCare Corp. incurred mortgage of $1,000,000.00 with S&P Principal LLC at accrue interest at the annual rate of 13.0% maturing October, 2025.
“On May 18, 2023, the Company, as sole member of Avalon RT9 Properties, LLC, a New Jersey limited liability company (“ Avalon RT9 ”), authorized Avalon RT9 to execute and deliver, that certain balloon mortgage note, dated May 24, 2023 in favor of S&P Principal LLC (the “ Lender ”) in the original principal amount of $1,000,000.00 (the “ Balloon Mortgage Note ”), which Balloon Mortgage Note shall accrue interest at the annual rate of 13.0% and be paid in monthly installments of interest-only in the amount of $10,833.33 commencing in June, 2023 and continuing through October, 2025 (at which point any unpaid balance of principal, interest and other charges shall be due and payable), and be secured by a second-lien mortgage on certain real property and improvements located at 4400 Route 9, Freehold, Monmouth County, New Jersey, as evidenced by that Second Mortgage and Security Agreement dated May 24, 2023 (the “ Mortgage ”).”
Polar Power, Inc. amended revolving credit of $6 million with Pinnacle Bank.
“On May 25, 2023, the Company entered into a Fourth Modification to Loan and Security Agreement (the “Fourth Modification”) by and between the Company and Pinnacle under which the parties (a) agreed to amend the amount of available advances under the Loan Agreement such that the aggregate amount of the outstanding advances under the revolving credit facility may not be greater than $6 million”
Polar Power, Inc. incurred term loan of $146,000 with Pinnacle Bank.
“On April 13, 2023, the Company entered into a Third Modification to Loan and Security Agreement (the “Third Modification”) by and between the Company and Pinnacle under which the parties agreed to add a new section 2.13 which provides that Pinnacle shall lend to the Company the principal sum of $146,000.”
Neptune Wellness Solutions Inc. amended debt with CCUR Holdings, Inc. (Collateral Agent) and the purchasers named therein at twenty four percent (24%) per annum.
“On May 22, 2023, Neptune Wellness Solutions Inc. (the " Company ") entered into a Waiver and Second Amendment to Note Purchase Agreement (the " Waiver Agreement "), with CCUR Holdings, Inc. (" Collateral Agent ") and the purchasers named therein, related to the Note Purchase Agreement dated as of January 12, 2023 (the " Note Purchase Agreement ").”
Cinemark Holdings, Inc. amended credit facility of $775 million aggregate principal amount; $650 million term loans and $125 million revolving credit facility with Barclays Bank PLC, as administrative agent; lenders from time to time at Term Facility: Alternate Base Rate + 2.75% or Term SOFR + 3.75%; Revolving Facil maturing Term Facility: seven-year; Revolving Facility: five-year.
“On May 26, 2023, Cinemark USA, Inc. (“Cinemark USA”), a wholly-owned subsidiary of Cinemark Holdings, Inc. (“Cinemark Holdings”), entered into that certain Second Amended and Restated Credit Agreement (the “Credit Agreement”), with Cinemark Holdings, the lenders from time to time parties thereto (the “Lenders”), the other agents and arrangers named therein and Barclays Bank PLC, as administrative agent (the “Agent”), which amends and restates Cinemark USA’s existing senior secured credit facility and provides for senior secured credit facilities in an aggregate principal amount of $775 million, consisting of $650 million of term loans and a $125 million revolving credit facility.”
Iconic Brands, Inc. reported a default on convertible notes with Arena Investors, LP.
“On May 24, 2023, the Company received a notice of default from Arena listing the specified defaults that Arena believed have occurred, including, among other things, the Company’s failure to authorize and reserve a sufficient number of shares of its Common Stock for conversion, to effect the conversion of the Note into Common Stock as provided in the Note, and failure to instruct its transfer agent to reserve all authorized but unissued shares of its Common Stock for issuance to Arena in connection with conversion of this Note.”
Iconic Brands, Inc. incurred convertible notes of aggregate principal amount of $660,000 with Arena Investors, LP at 12% per annum maturing August 11, 2023.
“On May 11, 2023, Iconic Brands, Inc. (the “Company”) entered into a 10% Original Issue Discount (OID) Convertible Promissory Note in the aggregate principal amount of $660,000 (the “Note”), with Arena Investors, LP (“Arena”).”
HYSTER-YALE, INC. amended revolving credit of $25.0 million with Bank of America, N.A., as administrative agent and security trustee at Term SOFR plus 3.25% for Term SOFR loans; 2.25% for base rate loans maturing May 1, 2024.
“trustee, for its revolving credit facility (the “Facility”). As a result of the Amendment, among other items, (i) a new tranche of revolving loans with aggregate commitments of $25.0 million (the “FILO Commitments”) was established under the Facility and (ii) the benchmark interest rate for U.S. dollar-denominated borrowings under the Facility changed from LIBOR to”
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.