Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DZS INC. incurred term loan of 6,957,650,000 KRW with Dasan Networks, Inc. at 8.0% per annum maturing September 12, 2026.
- Instrument
- term loan
- Principal
- 6,957,650,000 KRW
- Counterparty
- Dasan Networks, Inc.
- Rate
- 8.0% per annum
- Maturity
- September 12, 2026
- Event
- incurrence
Exact text from the filing
On September 22, 2023, DNS Korea entered into a Loan Agreement (the “Second Loan Agreement”) with DNI, as lender, DZS California, as collateral provider, and the Company, pursuant to which DNS Korea received an additional three-year term loan from DNI in an aggregate principal amount equal to 6,957,650,000 KRW, the equivalent of $5,234,071 USD (the “Second DNI Loan”
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
DZS INC. entered into Second Loan Agreement with Dasan Networks, Inc. valued at 6,957,650,000 KRW (equivalent to $5,234,071 USD) (effective 2023-09-22).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Dasan Networks, Inc.
- Value
- 6,957,650,000 KRW (equivalent to $5,234,071 USD)
- Effective
- 2023-09-22
Exact text from the filing
On September 22, 2023, DNS Korea entered into a Loan Agreement (the “Second Loan Agreement”) with DNI, as lender, DZS California, as collateral provider, and the Company, pursuant to which DNS Korea received an additional three-year term loan from DNI in an aggregate principal amount equal to 6,957,650,000 KRW, the equivalent of $5,234,071 USD (the “Second DNI Loan” and, together with the First DNI Loan, the “DNI Loans”), bringing the total amount loaned by DNI to DNS Korea under the DNI Loans to 39,628,400,000 KRW, or the equivalent of $29,734,071 USD.
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