Leo Holdings Corp. II: debt financing — Leo Holdings Corp. II draws $240K to extend SPAC deadline to Oct 12, 2023

Leo Holdings Corp. II

Drew $240,000 from $2.16M promissory note with Leo Investors II Limited Partnership for sixth one-month extension.
Extension moves business combination deadline from Sept 12 to Oct 12, 2023.
Total principal drawn under note $2,160,000; note convertible into warrants at $1.50 per warrant upon business combination.
Note is non-interest bearing; repayment only from funds outside trust account if no business combination.
Previously disclosed business combination with World View Enterprises pending shareholder approval.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Leo Holdings Corp. II incurred loan of $240,000 with Leo Investors II Limited Partnership at does not bear interest maturing matures upon closing of the Company’s initial business combination.

Instrument: loan
Principal: $240,000
Counterparty: Leo Investors II Limited Partnership
Rate: does not bear interest
Maturity: matures upon closing of the Company’s initial business combination
Event: incurrence

Exact text from the filing

On September 11, 2023, Leo Holdings Corp. II (the “Company” or “Leo”) drew an aggregate of $240,000 (the “Extension Funds”), pursuant to the Promissory Note, dated January 12, 2023 between the Company and Leo Investors II Limited Partnership (the “Note”)

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Source: SEC EDGAR

accession 0001193125-23-233528

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