Forbion European Acquisition Corp.: debt financing — Forbion European Acquisition issues $1.715M in promissory notes to sponsor for working capital and deadline extension

Forbion European Acquisition Corp.

Issued $450,000 working capital note to sponsor Forbion Growth Sponsor FEAC I B.V. for general working capital.
Issued $1,265,000 extension note to sponsor to extend business combination deadline to December 14, 2023.
Both notes are unsecured, non-interest bearing, and repayable only from funds outside the trust account if no deal closes.
Sponsor funded both principal amounts on September 13, 2023. Notes due at earlier of business combination or Maturity Date.

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

Forbion European Acquisition Corp. incurred loan of $450,000 with Forbion Growth Sponsor FEAC I B.V. at no interest maturing December 14, 2023.

Instrument: loan
Principal: $450,000
Counterparty: Forbion Growth Sponsor FEAC I B.V.
Rate: no interest
Maturity: December 14, 2023
Event: incurrence

Exact text from the filing

On September 13, 2023, Forbion European Acquisition Corp. (the " Company ") issued an additional unsecured promissory note (the " Working Capital Note ") in the total principal amount of $450,000 to Forbion Growth Sponsor FEAC I B.V. (the " Sponsor ").

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

Forbion European Acquisition Corp. incurred loan of $1,265,000 with Forbion Growth Sponsor FEAC I B.V. at no interest maturing December 14, 2023.

Instrument: loan
Principal: $1,265,000
Counterparty: Forbion Growth Sponsor FEAC I B.V.
Rate: no interest
Maturity: December 14, 2023
Event: incurrence

Exact text from the filing

On September 13, 2023, the Company issued an unsecured promissory note (the " Extension Note ") in the total principal amount of $1,265,000 to the Sponsor.

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Source: SEC EDGAR

accession 0001193125-23-234465

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