S&W Seed Co: debt financing — S&W Seed enters $25M CIBC credit facility, amends MFP loan, issues warrant for 1.3M shares

CIBC Loan Agreement ”). The Amended CIBC Loan Agreement now matures on August 31, 2024. The Amended CIBC Loan Agreement provides for a senior secured credit facility of up to $25.0 million from February 1 to October 31 of each year, and up to $18.0 million from November 1 to January 31 of each year (the “ CIBC Credit Facility ”). The proceeds of advances under the

On March 22, 2023, S&W Seed Company (the “ Company ”), as borrower, entered into an Amended and Restated Loan and Security Agreement (the “ Amended CIBC Loan Agreement ”) with CIBC Bank USA (“ CIBC ”), as administrative agent and sole lead arranger, and the other loan parties and lenders party thereto.

Concurrently, on March 22, 2023, the Company entered into a Third Amendment to Subordinate Loan and Security Agreement (the “ MFP Amendment ”) with MFP, amending the Company’s Subordinate Loan and Security Agreement, dated September 22, 2022 (as amended, the “ MFP Loan Agreement ”), with MFP, to (i) increase the aggregate amount of cash advances permitted from $12.0 million to $13.0 million;

The Amended CIBC Loan Agreement replaces the Company’s existing Loan and Security Agreement with CIBC, dated December 26, 2019, as amended, by and among the Company, Seed Holding, LLC, Stevia California, LLC and CIBC (the “ Prior CIBC Loan Agreement ”).