debt
confidence high
sentiment neutral
materiality 0.65
zSpace refinances Itria debt with $1.34M loan at 18.99%, defers Fiza interest to Dec 2026
zSpace, Inc.
- New $1,344,500 Itria term loan at 18.99% APR, 24-month term, second-priority lien on assets.
- Proceeds repaid two existing $1M Itria loans; prior agreements and security interests terminated.
- Fiza Amendment No. 4 defers interest payments until Dec 31, 2026; accrued interest is capitalized.
- Prepayment allowed after first month; 1.5% prepayment fee if within first 12 months.
- New loan subordinated to senior lender 3i, LP under amended intercreditor agreement.
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