debt
confidence high
sentiment negative
materiality 0.75
SusGlobal Energy amends defaulted promissory notes; principal increased 10%, maturity extended to Nov 2022
SusGlobal Energy Corp.
- Default on promissory notes due Aug 15, 2022 cured by Amendment on Sep 15, 2022.
- Principal increased 10%: Oct note to $1,618,100; March notes to $2,640,000 total.
- Maturity extended to Nov 15, 2022, with possible auto-extension to Jan 15, 2023.
- Conversion caps: Oct note max $100k per conversion; March notes max $50k; volume caps of 10% and 5%.