Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Rocket Lab Corp incurred credit facility of up to $120,000,000 with Trinity Capital, Inc. at rate factor of 0.022266 or 0.026306, subject to adjustment based on Prime Rate maturing 60 months.
- Instrument
- credit facility
- Principal
- up to $120,000,000
- Counterparty
- Trinity Capital, Inc.
- Rate
- rate factor of 0.022266 or 0.026306, subject to adjustment based on Prime Rate
- Maturity
- 60 months
- Event
- incurrence
Exact text from the filing
On December 29, 2023 (the “Effective Date”), Rocket Lab USA, Inc. (the “Company”) and certain of its subsidiaries (the “Subsidiaries”, together with the Company, the “Borrowers”), entered into a Master Equipment Financing Agreement (the “Loan Agreement”) with Trinity Capital, Inc., a Maryland corporation (the “Lender”) to provide financing for certain equipment and other property (the “Equipment”). The Loan Agreement provides that the Lender shall provide equipment financing in the aggregate of up to $120,000,000 (the “Conditional Commitment")
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Rocket Lab Corp terminated secured term loan agreement with Hercules Capital, Inc. valued at $108,648,103 (effective 2023-12-29).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Hercules Capital, Inc.
- Value
- $108,648,103
- Effective
- 2023-12-29
Exact text from the filing
On December 29, 2023, a portion of the proceeds from the Effective Date Draw and the Blanket Lien Draw were used to pay off all obligations owing pursuant to the secured term loan agreement, dated as of June 10, 2021, between the Company and Hercules Capital, Inc. (the “Hercules Capital secured term loan”), which was scheduled to mature on June 1, 2024, and following the payment of the outstanding obligations under the Hercules Capital secured term loan, the Hercules Capital secured term loan, together with all documents and agreements executed in connection therewith, were terminated and all liens associated therewith were released.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Rocket Lab Corp entered into Master Equipment Financing Agreement with Trinity Capital, Inc. valued at $120,000,000 (effective 2023-12-29).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Trinity Capital, Inc.
- Value
- $120,000,000
- Effective
- 2023-12-29
Exact text from the filing
On December 29, 2023 (the “Effective Date”), Rocket Lab USA, Inc. (the “Company”) and certain of its subsidiaries (the “Subsidiaries”, together with the Company, the “Borrowers”), entered into a Master Equipment Financing Agreement (the “Loan Agreement”) with Trinity Capital, Inc., a Maryland corporation (the “Lender”) to provide financing for certain equipment and other property (the “Equipment”).
View on SEC.gov