Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Greenbrook TMS Inc. incurred credit facility of US$1,522,843 with Madryn Fund Administration, LLC at 9.0% plus the 3-month term Secured Overnight Financing Rate (subject to a floor maturing 63 months with four years of interest-only payments; outstanding principal due in five equal quarterly installments beginning September 30, 2026.
- Instrument
- credit facility
- Principal
- US$1,522,843
- Counterparty
- Madryn Fund Administration, LLC
- Rate
- 9.0% plus the 3-month term Secured Overnight Financing Rate (subject to a floor
- Maturity
- 63 months with four years of interest-only payments; outstanding principal due in five equal quarterly installments beginning September 30, 2026
- Event
- incurrence
Exact text from the filing
On February 5, 2024, Greenbrook TMS Inc. (the “ Company ”) entered into the twenty-fourth amendment (the “ Amendment ”) to the Company’s credit agreement, dated as of July 14, 2022 (as previously amended and as amended by the Amendment, the “ Credit Agreement ”), by and among the Company, certain of its subsidiaries party thereto as guarantors, Madryn Fund Administration, LLC, as administrative agent (“ Madryn ”) and the lenders party thereto. Pursuant to the Amendment, the Company borrowed US$1,522,843 in senior secured term loans (the “ New Loan ”), the proceeds of which are expected to be used by the Company for general corporate and working capital purposes.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Greenbrook TMS Inc. amended Amendment with Madryn Fund Administration, LLC valued at US$1,522,843 (effective 2024-02-05).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Madryn Fund Administration, LLC
- Value
- US$1,522,843
- Effective
- 2024-02-05
Exact text from the filing
On February 5, 2024, Greenbrook TMS Inc. (the “ Company ”) entered into the twenty-fourth amendment (the “ Amendment ”) to the Company’s credit agreement, dated as of July 14, 2022 (as previously amended and as amended by the Amendment, the “ Credit Agreement ”), by and among the Company, certain of its subsidiaries party thereto as guarantors, Madryn Fund Administration, LLC, as administrative agent (“ Madryn ”) and the lenders party thereto.
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