---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-090521"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2024-08-16T23:59:59+00:00"
generated_at: "2026-05-31T08:52:44.809091+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TMC ups unsecured credit facility from $25M to $27.5M via third amendment with Argentum/Allseas

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-090521
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2024-08-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465924090521/0001104659-24-090521-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465924090521/tm2415212d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-090521
- JSON: https://secwatch.observer/filing/0001104659-24-090521.json
- Plain text: https://secwatch.observer/filing/0001104659-24-090521.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.