secwatch.observer — SEC 8-K summary
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Issuer:     Montauk Renewables, Inc. (MNTK)
CIK:        0001826600
Form:       8-K
Filed at:   2021-12-23T23:59:59+00:00
Accession:  0001193125-21-365768
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Montauk Renewables amends credit facility: revolver to $120M, term loan to $80M, maturity Dec 2026
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- Revolving credit commitments increased from $80M to $120M; term loan commitments increased to $80M (from ~$22.5M outstanding).
- Maturity extended to December 21, 2026; maximum Total Leverage Ratio set at 3.50x stepping down to 3.00x by June 2024.
- LIBOR replaced with Bloomberg Short-Term Bank Yield Index; new lenders Citizens Bank and BankUnited added.
- Amended $7.14M secured note with Montauk Holdings Limited to $8.94M; terms substantially similar.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826600/000119312521365768/0001193125-21-365768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826600/000119312521365768/d639914d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-365768

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer