secwatch.observer — SEC 8-K summary
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Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0001104659-24-090521
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465924090521/0001104659-24-090521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465924090521/tm2415212d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-090521

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