Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AUDIOEYE INC incurred term loan of $7.0 million term loan with SG Credit Partners, Inc. at 6.25% in excess of the base rate maturing 36 months.
- Instrument
- term loan
- Principal
- $7.0 million term loan
- Counterparty
- SG Credit Partners, Inc.
- Rate
- 6.25% in excess of the base rate
- Maturity
- 36 months
- Event
- incurrence
Exact text from the filing
On November 30, 2023, AudioEye, Inc. (the “Company”) and its wholly-owned subsidiary, Springtime, Inc. (together with the Company, the “Borrowers”), entered into a Loan and Security Agreement (the “Loan Agreement”) with SG Credit Partners, Inc., a Delaware corporation (the “Lender”). The Loan Agreement provides for a $7.0 million term loan (the “Term Loan”), with a maturity date of 36 months and no amortization payments such that the entire principal amount is due and payable on the maturity date. The interest rate is 6.25% in excess of the base rate
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
AUDIOEYE INC entered into Loan and Security Agreement with SG Credit Partners, Inc. valued at $7.0 million term loan (effective 2023-11-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- SG Credit Partners, Inc.
- Value
- $7.0 million term loan
- Effective
- 2023-11-30
Exact text from the filing
On November 30, 2023, AudioEye, Inc. (the “Company”) and its wholly-owned subsidiary, Springtime, Inc. (together with the Company, the “Borrowers”), entered into a Loan and Security Agreement (the “Loan Agreement”) with SG Credit Partners, Inc., a Delaware corporation (the “Lender”).
View on SEC.gov