debt
confidence high
sentiment neutral
materiality 0.40
IGC Pharma extends loan agreement with O-Bank; facility fees cut to $84,000 from $120,000
IGC Pharma, Inc.
- Extension effective July 8, 2024, extends term of existing Master Loan and Security Agreement under same terms.
- Facility fees reduced to $84,000 from $120,000; no other material changes to the agreement.
- The loan agreement was previously disclosed in July 2023 8-K; this amendment solely extends the term.
- No new borrowing or change in principal amount; obligation remains under existing credit facility.