Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Transphorm, Inc. incurred term loan of $35.0 million delayed draw term loan facility with Renesas Electronics America Inc. at term SOFR for an interest period of 3 months plus 5.0% maturing the earliest to occur of (1) written demand from the Lender following the closing of the Merger, (2) if, on the date of the termination of the Merger Agreement.
- Instrument
- term loan
- Principal
- $35.0 million delayed draw term loan facility
- Counterparty
- Renesas Electronics America Inc.
- Rate
- term SOFR for an interest period of 3 months plus 5.0%
- Maturity
- the earliest to occur of (1) written demand from the Lender following the closing of the Merger, (2) if, on the date of the termination of the Merger Agreement
- Event
- incurrence
Exact text from the filing
On March 1, 2024, Transphorm, Inc. (the “ Company ”) entered into a Credit and Security Agreement (the “ Credit Agreement ”), among the Company, Transphorm Technology, Inc., as guarantor (the “ Guarantor ”), and Renesas Electronics America Inc., as lender (the “ Lender ”). The Credit Agreement provides for a $35.0 million delayed draw term loan facility.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Transphorm, Inc. entered into Credit Agreement with Renesas Electronics America Inc. valued at $35.0 million (effective 2024-03-01).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Renesas Electronics America Inc.
- Value
- $35.0 million
- Effective
- 2024-03-01
Exact text from the filing
On March 1, 2024, Transphorm, Inc. (the " Company ") entered into a Credit and Security Agreement (the " Credit Agreement "), among the Company, Transphorm Technology, Inc., as guarantor (the " Guarantor "), and Renesas Electronics America Inc., as lender (the " Lender ").
View on SEC.gov