Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
OLD MARKET CAPITAL Corp amended credit facility of from $175 million to $60 million with Wells Fargo Bank, N.A., as agent maturing changed the maturity date of the Credit Facility from November 5, 2024 to May 31, 2023.
- Instrument
- credit facility
- Principal
- from $175 million to $60 million
- Counterparty
- Wells Fargo Bank, N.A., as agent
- Maturity
- changed the maturity date of the Credit Facility from November 5, 2024 to May 31, 2023
- Event
- amendment
Exact text from the filing
The Amendment reduced the maximum amount available under the Credit Facility from $175 million to $60 million, and also reduced the availability of funds under the Credit Facility from an advance rate of between 80% and 85% of the value of eligible receivables to an advance rate of 50% of the value of eligible receivables, and changed the maturity date of the Credit Facility from November 5, 2024 to May 31, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
OLD MARKET CAPITAL Corp amended Second Amendment to Loan and Security Agreement with Wells Fargo Bank, N.A. (effective 2022-12-06).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, N.A.
- Effective
- 2022-12-06
Exact text from the filing
entered into a Second Amendment to Loan and Security Agreement among the Borrowers, Wells Fargo Bank, N.A., as agent (the “Agent”), and the lenders that are party thereto (the “Amendment”), which amends the Loan and Security Agreement dated as of November 5, 2021
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