SemiLEDs extends loan maturities to Jan 2027; capitalizes $364,925 interest with Simplot Taiwan

SemiLEDs Corp

Maturity of loans from Simplot Taiwan Inc. and Trung Doan extended to January 15, 2027.
Unpaid interest of $364,924.63 capitalized into Simplot Taiwan loan principal, new principal $664,924.63.
Trung Doan loan extension with no change to principal or other terms; original principal $1.7M.
Both loans carry 8% annual interest, secured by second priority on headquarters.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

SemiLEDs Corp entered into Loan Agreements with Trung Doan and J.R. Simplot Company valued at 1.7 million and 1.5 million at 8% interest (effective 2019-01-08).

Action: entry
Agreement: credit facility
Counterparty: Trung Doan and J.R. Simplot Company
Value: 1.7 million and 1.5 million at 8% interest
Effective: 2019-01-08

Exact text from the filing

On January 8, 2019, the Company entered into secured loan agreements with Trung Doan, its Chairman and Chief Executive Officer and J.R. Simplot Company, its largest shareholder, with aggregate amounts of $1.7 million and $1.5 million, respectively, and an annual interest rate of 8% (the "Loan Agreements").

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306 material agreements filed in the last 30 days. Browse all material agreements →

SemiLEDs Corp filing history →

Source: SEC EDGAR

accession 0001193125-26-014502

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