Neptune Wellness Solutions Inc.: debt financing — Neptune Wellness amends note agreement; gets 2-month stay on arbitration award; interest jumps to 24%

Neptune Wellness Solutions Inc.

Third Amendment to Note Purchase Agreement signed Sep 8, 2023, extends deadline to Nov 21, 2023 for arbitration award resolution.
Interest on outstanding principal accrues at 24% per annum until award is resolved or paid.
Arbitration award from PMGSL Holdings LLC triggers potential event of default if not stayed or paid by Nov 21.
Company, through CCUR Holdings and other purchasers, modifies terms to avoid immediate default.

item 1.01 item 2.04 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

Neptune Wellness Solutions Inc. amended loan with CCUR Holdings, Inc. at twenty four (24%) per annum.

Instrument: loan
Counterparty: CCUR Holdings, Inc.
Rate: twenty four (24%) per annum
Event: amendment

Exact text from the filing

the Third Amendment was entered into as a result of the August 23, 2023 arbitrator award to PMGSL Holdings LLC and provides the Company with two additional months to seek a stay or other resolution of the arbitration award made in favor of PMGSL Holdings, LLC before such event could be deemed an event of default.

View on SEC.gov

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

Neptune Wellness Solutions Inc. amended Third Amendment to Note Purchase Agreement with CCUR Holdings, Inc. and the purchasers named therein (effective 2023-09-08).

Action: amendment
Agreement: notes offering
Counterparty: CCUR Holdings, Inc. and the purchasers named therein
Effective: 2023-09-08

Exact text from the filing

On September 8, 2023, Neptune Wellness Solutions Inc. (the “ Company ”) entered into a Third Amendment to Note Purchase Agreement (the “Third Amendment”) with CCUR Holdings, Inc. and the purchasers named therein.

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001104659-23-101277

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.