debt
confidence high
sentiment neutral
materiality 0.30
CSLM Acquisition increases sponsor loan facility from $3M to $4M via note amendment
CSLM ACQUISITION CORP.
- Amendment to existing promissory note raises maximum borrowable amount from $3M to $4M; interest rate unchanged at 4.75%.
- Note from sponsor Consilium Acquisition Sponsor I, LLC; payable at earlier of business combination or deadline.
- Upon business combination, up to $1.491M of principal plus accrued interest may convert to Class A ordinary shares at $4.00 per share.
- All other terms of the 3rd A&R Note remain in effect; amendment effective May 23, 2025.
- Proceeds intended for working capital and general corporate purposes prior to business combination.
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