secwatch.observer — SEC 8-K summary
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Issuer:     SusGlobal Energy Corp. (SNRG)
CIK:        0001652539
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001062993-23-008345
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SusGlobal Energy settles $3.8M debt via escrow for ~$1.1M, eliminating Alterna obligations
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- Owed $3,812,765 (CAD$5,195,274) to Alterna; deposited $917,364 (CAD$1,250,000) plus a $203,164 (CAD$276,831) letter of credit into escrow.
- Upon release, Alterna will cancel all security and guarantees from Ike Makrimichalos, Marc Hazout, and Haute Inc.
- Mutual release and indemnity deposited; debt fully discharged once MOE releases Alterna's letter of credit.
- Reduces total indebtedness by approximately $2.7M, improving balance sheet and removing creditor claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652539/000106299323008345/0001062993-23-008345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652539/000106299323008345/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-008345

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