CSLM ACQUISITION CORP.: debt financing — CSLM Acquisition Corp. amends promissory note, boosting borrowing capacity to $2M

CSLM ACQUISITION CORP.

A&R promissory note with sponsor Consilium Acquisition Sponsor I, LLC increases maximum borrowing from $1.5M to $2.0M.
Note bears interest at 4.75% per annum, unsecured, payable upon business combination deadline or effective date.
As of Nov 10, 2023, $1.23M had been drawn under the original note; new note replaces and restates prior debt.
Proceeds from drawdowns are used for working capital purposes.

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

CSLM ACQUISITION CORP. amended loan of $2,000,000 with Consilium Acquisition Sponsor I, LLC at 4.75% per annum maturing the earlier to occur of (i) the date by which the Company has to complete a business combination or (ii) the effective date of a business combination.

Instrument: loan
Principal: $2,000,000
Counterparty: Consilium Acquisition Sponsor I, LLC
Rate: 4.75% per annum
Maturity: the earlier to occur of (i) the date by which the Company has to complete a business combination or (ii) the effective date of a business combination
Event: amendment

Exact text from the filing

On January 18, 2024, CSLM Acquisition Corp. (the “ Company ”) issued an amended and restated promissory note (the “ A&R Note ”) to Consilium Acquisition Sponsor I, LLC (“ Sponsor ”), to replace the initial promissory note issued to the Sponsor on February 28, 2023 for working capital, allowing the Company to borrow up to $1,500,000. The A&R Note is unsecured, increases the amount the Company may borrow to $2,000,000, bears interest at a rate of 4.75% per annum, and is payable on the earlier to occur of (i) the date by which the Company has to complete a business combination or (ii) the effective date of a business combination.

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Source: SEC EDGAR

accession 0001193125-24-011178

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