Nabors Energy Transition Corp.: debt financing — Nabors Energy Transition Corp. extends business combination deadline to Sept 18, 2023

Nabors Energy Transition Corp.

Board elected to extend deadline from Aug 18 to Sep 18, 2023, under amended charter.
Nabors Lux 2 S.a.r.l. deposited $295,519.23 into trust account to fund the Extension.
Promissory note for $295,519.23 issued to Nabors Lux; non-interest bearing, due at earlier of deal close or liquidation.
Note may be repaid from trust proceeds or, at sponsor's option, converted into warrants at $1.00 per warrant.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

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

Nabors Energy Transition Corp. incurred loan of $295,519.23 with Nabors Lux 2 S.a.r.l. at bears no interest maturing upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the liquidation of the Company on or before.

Instrument: loan
Principal: $295,519.23
Counterparty: Nabors Lux 2 S.a.r.l.
Rate: bears no interest
Maturity: upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the liquidation of the Company on or before
Event: incurrence

Exact text from the filing

On August 16, 2023, the Company issued an unsecured promissory note (the “Note”) to Nabors Lux 2 S.a.r.l., a private limited liability company (société à responsabilité limitée) incorporated in the Grand Duchy of Luxembourg (“Nabors Lux”), in the principal amount of $295,519.23 in connection with the Extension (as defined below). Nabors Lux is an affiliate of Nabors Energy Transition Sponsor LLC (the “Sponsor”). The Note bears no interest and is due and payable upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the liquidation of the Company on or before September 19, 2023, unless such date is extended pursuant to the Company’s second amended and restated certificate of incorporation (the “Amended Charter”), or such later liquidation date as may be approved by the Company’s stockholders.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nabors Energy Transition Corp. entered into Note with Nabors Lux 2 S.a.r.l. valued at $295,519.23 (effective 2023-08-16).

Action: entry
Agreement: notes offering
Counterparty: Nabors Lux 2 S.a.r.l.
Value: $295,519.23
Effective: 2023-08-16

Exact text from the filing

On August 16, 2023, the Company issued an unsecured promissory note (the “Note”) to Nabors Lux 2 S.a.r.l., a private limited liability company (société à responsabilité limitée) incorporated in the Grand Duchy of Luxembourg (“Nabors Lux”), in the principal amount of $295,519.23

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001104659-23-092735

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.