Montauk Renewables, Inc. (MNTK): debt financing — Montauk Renewables extends loan maturity from 2023 to 2033 in amended agreement with affiliate

Montauk Renewables, Inc.

Extended maturity of $10.04M loan from Dec 31, 2023 to Dec 31, 2033.
Interest remains 0.4% per annum; can be paid in cash or PIK (added to principal).
Loan is secured by 976,623 shares of Montauk common stock held by borrower.
Other terms substantially similar to prior agreement; no novation.

item 1.01 item 2.03 item 9.01

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

Montauk Renewables, Inc. amended loan with Montauk Holdings Proprietary Limited maturing December 31, 2033.

Instrument: loan
Counterparty: Montauk Holdings Proprietary Limited
Maturity: December 31, 2033
Event: amendment

Exact text from the filing

The MNK Amendment extends the maturity date of the loan from December 31, 2023 until December 31, 2033.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Montauk Renewables, Inc. amended Fourth Amended and Restated Loan Agreement and Secured Promissory Note with Montauk Holdings Proprietary Limited (effective 2023-12-27).

Action: amendment
Agreement: credit facility
Counterparty: Montauk Holdings Proprietary Limited
Effective: 2023-12-27

Exact text from the filing

On December 27, 2023, Montauk Renewables, Inc. (“Montauk”) entered into the Fourth 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 Third Loan Agreement and Secured Promissory Note, as amended (the “MNK Loan Agreement”).

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7 debt financings filed in the last 30 days. Browse all debt financings →

Montauk Renewables, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-305959

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