Invest Acquisition Corp: debt financing — Investcorp Europe Acquisition Corp I secures up to $750K loan from sponsor to fund operations until June 17, 2024

Invest Acquisition Corp

Non-interest bearing unsecured loan of up to $750,000 from sponsor Europe Acquisition Holdings Limited.
Loan proceeds used for working capital and monthly trust contributions through the Extended Date (June 17, 2024).
Loan due upon completion of a business combination or winding up; repaid only from funds outside trust if no deal by Extended Date.
Sponsor's obligation to contribute ceases if board determines liquidation is certain.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Invest Acquisition Corp incurred loan of up to $750,000 with Europe Acquisition Holdings Limited at non-interest bearing maturing the earlier of (i) the date on which the Borrower consummates the business combination or (ii) the date of that the winding up of the Borrower is effective.

Instrument: loan
Principal: up to $750,000
Counterparty: Europe Acquisition Holdings Limited
Rate: non-interest bearing
Maturity: the earlier of (i) the date on which the Borrower consummates the business combination or (ii) the date of that the winding up of the Borrower is effective
Event: incurrence

Exact text from the filing

On April 15, 2024, Investcorp Europe Acquisition Corp I (the “Company”) entered into a non-interest bearing unsecured loan (the “Loan”) in the principal amount of up to $750,000 from the Company’s sponsor, Europe Acquisition Holdings Limited, an exempted company incorporated in the Cayman Islands, or an affiliate thereof (the “Sponsor”) to provide the Company with additional working capital and to fund monthly contributions into the trust account until the earlier of a completion of a business combination or June 17, 2024 (the “Extended Date”).

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0000947871-24-000394

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.