Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Montauk Renewables, Inc. amended loan of from its current balance of $8,940,000 to a total of $10,040,000 with Montauk Holdings Proprietary Limited maturing December 31, 2023.
- Instrument
- loan
- Principal
- from its current balance of $8,940,000 to a total of $10,040,000
- Counterparty
- Montauk Holdings Proprietary Limited
- Maturity
- December 31, 2023
- Event
- amendment
Exact text from the filing
On June 21, 2023, Montauk Renewables, Inc. (“Montauk”) entered into the Third Amended and Restated Loan Agreement and Secured Promissory Note (the “MNK Amendment”), by and between Montauk and Montauk Holdings Proprietary Limited (“MNK”), previously Montauk Holdings Limited, amending and restating in its entirety the Second Loan Agreement and Secured Promissory Note, as amended (the “MNK Loan Agreement”). The MNK Amendment increases the principal amount of the loan from its current balance of $8,940,000 to a total of $10,040,000, in the aggregate, extends the maturity date of the loan from June 30, 2023 to December 31, 2023, and increases the security interest of Montauk from 800,000 to 976,623 shares of common stock of Montauk owned by MNK.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Montauk Renewables, Inc. amended Third Amended and Restated Loan Agreement and Secured Promissory Note with Montauk Holdings Proprietary Limited valued at $10,040,000 (effective 2023-06-21).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Montauk Holdings Proprietary Limited
- Value
- $10,040,000
- Effective
- 2023-06-21
Exact text from the filing
On June 21, 2023, Montauk Renewables, Inc. (“Montauk”) entered into the Third Amended and Restated Loan Agreement and Secured Promissory Note (the “MNK Amendment”), by and between Montauk and Montauk Holdings Proprietary Limited (“MNK”), previously Montauk Holdings Limited, amending and restating in its entirety the Second Loan Agreement and Secured Promissory Note, as amended (the “MNK Loan Agreement”).
View on SEC.gov