debt
confidence high
sentiment neutral
materiality 0.50
TMC ups unsecured credit facility from $25M to $27.5M via third amendment with Argentum/Allseas
TMC the metals Co Inc.
- Borrowing limit increased to $27.5M aggregate; will revert to $25M upon $1.5M financing event.
- Third Amendment dated August 16, 2024 with Argentum Cedit Virtuti GCV, related to Allseas Group S.A.
- Underutilization fee set at 4% per annum on undrawn portion of the then-current maximum principal.
- Outstanding principal above reduced limit must be promptly repaid with accrued interest.