Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Laredo Oil, Inc. amended senior notes of up to $7,500,000 at 12.0% per annum maturing September 30, 2025.
- Instrument
- senior notes
- Principal
- up to $7,500,000
- Rate
- 12.0% per annum
- Maturity
- September 30, 2025
- Event
- amendment
Exact text from the filing
The Amended NPA amends Section 2.1(b) of the Note Purchase Agreement to allow the Company to sell and issue additional Notes, up to the maximum aggregate principal amount of $7,500,000, at one or more Subsequent Closings (as defined in the Amended NPA) until December 31, 2024. The Notes will accrue interest on the outstanding principal sum at the originally annual rate of 12.0% per annum, rather than 10.0% per annum annual rate provided in the Note Purchase Agreement, and will have a maturity date of September 30, 2025, rather than September 23, 2025.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Laredo Oil, Inc. amended Amended and Restated Note Purchase Agreement with certain Investors, as defined in the Amended NPA, holding the majority in interest of the then outstanding Notes, and additional Investors valued at aggregate principal amount of up to $7,500,000 (effective 2023-05-30).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- certain Investors, as defined in the Amended NPA, holding the majority in interest of the then outstanding Notes, and additional Investors
- Value
- aggregate principal amount of up to $7,500,000
- Effective
- 2023-05-30
Exact text from the filing
On May 30, 2023, Laredo Oil, Inc. (the “Company”) entered into an Amended and Restated Note Purchase Agreement (the “Amended NPA”).
View on SEC.gov