secwatch / observer
8-K filed September 18, 2023, 7:59 PM ET CIK 0001617765
debt confidence high sentiment neutral materiality 0.40

EVOME MEDICAL TECHNOLOGIES INC.: debt financing — Salona Global subsidiary Biodex Medical Systems enters $3M secured revolving credit agreement with Pathward

EVOME MEDICAL TECHNOLOGIES INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EVOME MEDICAL TECHNOLOGIES INC. incurred guarantee with Pathward, National Association.

Instrument
guarantee
Counterparty
Pathward, National Association
Event
incurrence
Exact text from the filing
(“Borrower”), entered into a Master Credit and Security Agreement and related Schedule with Pathward, National Association (“Lender”) to receive financing accommodations in the form of a secured revolving loan of up to $3.0 million (the "Agreement"), of which approximately US $1.7 million was available to be borrowed as of September 12, 2023.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EVOME MEDICAL TECHNOLOGIES INC. incurred revolving credit of up to $3.0 million with Pathward, National Association at the greater of 6.00% per annum or 0.75% in excess of the rate shown in the Wall.

Instrument
revolving credit
Principal
up to $3.0 million
Counterparty
Pathward, National Association
Rate
the greater of 6.00% per annum or 0.75% in excess of the rate shown in the Wall
Event
incurrence
Exact text from the filing
On September 12, 2023, an operating subsidiary of Salona Global Medical Device Corporation (“Company”), Biodex Medical Systems, Inc. (“Borrower”), entered into a Master Credit and Security Agreement and related Schedule with Pathward, National Association (“Lender”) to receive financing accommodations in the form of a secured revolving loan of up to $3.0 million (the "Agreement"), of which approximately US $1.7 million was available to be borrowed as of September 12, 2023.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EVOME MEDICAL TECHNOLOGIES INC. entered into Master Credit and Security Agreement with Pathward, National Association valued at up to $3.0 million (effective 2023-09-12).

Action
entry
Agreement
credit facility
Counterparty
Pathward, National Association
Value
up to $3.0 million
Effective
2023-09-12
Exact text from the filing
On September 12, 2023, an operating subsidiary of Salona Global Medical Device Corporation (“Company”), Biodex Medical Systems, Inc. (“Borrower”), entered into a Master Credit and Security Agreement and related Schedule with Pathward, National Association (“Lender”) to receive financing accommodations in the form of a secured revolving loan of up to $3.0 million (the "Agreement")
View on SEC.gov

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Source: SEC EDGAR
accession 0001062993-23-018163
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