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8-K filed December 12, 2022, 6:59 PM ET ticker OMCC CIK 0001000045
debt confidence high sentiment negative materiality 0.80

OLD MARKET CAPITAL Corp (OMCC): debt financing — Nicholas Financial cuts credit facility to $60M, maturity to May 2023

OLD MARKET CAPITAL Corp

Key facts

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.
View on SEC.gov
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
View on SEC.gov

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OLD MARKET CAPITAL Corp filing history →

Source: SEC EDGAR
accession 0000950170-22-026317
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