Cartesian Growth Corp II (RENEF): debt financing — Cartesian Growth Corp II borrows $250k from sponsor via convertible promissory note

Cartesian Growth Corp II

Unsecured promissory note of $250,000 issued to sponsor CGC II Sponsor LLC on January 19, 2024.
Note is non-interest bearing; principal due upon earlier of initial business combination or winding up.
Sponsor may convert any portion of principal into working capital warrants at $1.00 per warrant.
Warrants will have same terms as private placement warrants from May 2022 IPO.
Sponsor waives any claim against the trust account; repayment from trust proceeds upon business combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Cartesian Growth Corp II incurred loan of $250,000 with CGC II Sponsor LLC maturing on the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding up of the Company i.

Instrument: loan
Principal: $250,000
Counterparty: CGC II Sponsor LLC
Maturity: on the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding up of the Company i
Event: incurrence

Exact text from the filing

On January 19, 2024, Cartesian Growth Corporation II (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of $250,000 to CGC II Sponsor LLC (the “Sponsor”).

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283 debt financings filed in the last 30 days. Browse all debt financings →

Cartesian Growth Corp II filing history →

Source: SEC EDGAR

accession 0001104659-24-005263

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