secwatch.observer — SEC 8-K summary
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Issuer:     LFTD PARTNERS INC. (LIFD)
CIK:        0001391135
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0001096906-23-002397
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LFTD Partners secures $3.91M in loans at 9.5%-10%, buys Kenosha building for $1.375M
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- Joint borrowers LIFD and Lifted Made borrowed $3M working capital (9.5% fixed) and $910K (10% fixed) from Surety Bank.
- Loans cross-collateralized by first lien mortgage on the Kenosha building and all other company assets.
- Net proceeds from $910K loan used to purchase main operations building at 5511 95th Ave., Kenosha, WI.
- Company plans 30,000 sq ft building addition to consolidate operations; cites favorable rates vs. mid-teens offered elsewhere.
- Two five-year loans closed December 14, 2023; no financial advisory fees or equity sweeteners issued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391135/000109690623002397/0001096906-23-002397-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391135/000109690623002397/lsfp-20231214.htm
  HTML page:      https://secwatch.observer/filing/0001096906-23-002397

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