debt
confidence high
sentiment neutral
materiality 0.50
Rigetti amends loan agreement with Trinity Capital; $16.2M principal outstanding
Rigetti Computing, Inc.
- Amended Loan Agreement with Trinity Capital Inc. dated June 21, 2024 restates prior March 2021 loan.
- Principal balance of $16,177,207.84; no additional funds available to draw.
- Interest rate remains greater of 11% or US Prime Rate plus 7.50% per annum, payable monthly.
- Covenants amended to increase flexibility; prepayment premium and final payment fee unchanged.
- Repayment in equal monthly installments through 48 months from each term loan's disbursement.