{"schema_version":"secwatch.filing_event.v1","accession":"0001199835-23-000305","form_type":"8-K","ticker":"LRDC","cik":"0001442492","company_name":"Laredo Oil, Inc.","filed_at":"2023-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.887339+00:00","generated_at":"2026-06-14T08:07:00.303827+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Laredo Oil amends note purchase agreement; raises interest rate to 12%, extends maturity to Sept 2025","bullets":["Amended NPA increases annual interest rate from 10% to 12% on outstanding principal.","Maturity date extended from Sept 23, 2025 to Sept 30, 2025.","Company may issue additional notes up to $7.5M aggregate principal until Dec 31, 2024.","As of May 30, 2023, $540,000 in notes have been issued; proceeds for general corporate purposes and well development.","Notes secured by pledge of all equity in wholly-owned subsidiary Hell Creek Crude LLC."],"urls":{"canonical":"https://secwatch.observer/filing/0001199835-23-000305","json":"https://secwatch.observer/filing/0001199835-23-000305.json","markdown":"https://secwatch.observer/filing/0001199835-23-000305.md","text":"https://secwatch.observer/filing/0001199835-23-000305.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1442492/000119983523000305/0001199835-23-000305-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1442492/000119983523000305/lrdc-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T08:07:00.303827+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3994257bb5891e1c5d2a575107d6e4c47271eed9","claim":"Laredo Oil, Inc. amended senior notes of up to $7,500,000 at 12.0% per annum maturing September 30, 2025.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1442492/000119983523000305/0001199835-23-000305-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"up to $7,500,000"},{"label":"Rate","value":"12.0% per annum"},{"label":"Maturity","value":"September 30, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"913e815578e319356adcb19ccdc60c5bebc30767","claim":"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).","evidence_excerpt":"On May 30, 2023, Laredo Oil, Inc. (the “Company”) entered into an Amended and Restated Note Purchase Agreement (the “Amended NPA”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1442492/000119983523000305/0001199835-23-000305-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain Investors, as defined in the Amended NPA, holding the majority in interest of the then outstanding Notes, and additional Investors"},{"label":"Value","value":"aggregate principal amount of up to $7,500,000"},{"label":"Effective","value":"2023-05-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}