--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-027556" form_type: "8-K" ticker: "OLOX" cik: "0001023994" company_name: "OLENOX INDUSTRIES INC." filed_at: "2023-04-05T23:59:59+00:00" generated_at: "2026-06-17T05:38:14.844404+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Safe & Green Holdings refinances Lago Vista site with $5M note, net proceeds ~$1.34M ## Summary - LV Peninsula issued $5M promissory note secured by Lake Travis and McLean sites, due April 1, 2024, interest at prime+5.5% (floor 13.5%). - Net proceeds of ~$1.337M after $250K commission, $125K broker fees, $675K interest reserve, and repayment of $2M and $0.5M existing notes. - Press release states net proceeds of $2.0M, but 8-K details show $1.337M after deductions. - Loan guaranteed by SG DevCorp; prepayable without penalty. - Company says refinancing strengthens cash position and demonstrates asset value, non-dilutive financing. ## SEC filing metadata - accession: 0001213900-23-027556 - form_type: 8-K - ticker: OLOX - cik: 0001023994 - company_name: OLENOX INDUSTRIES INC. - filed_at: 2023-04-05T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 2.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023027556/0001213900-23-027556-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023027556/ea176535-8k_safeandgreen.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-027556 - JSON: https://secwatch.observer/filing/0001213900-23-027556.json - Plain text: https://secwatch.observer/filing/0001213900-23-027556.txt ## Key facts - Debt Financings OLENOX INDUSTRIES INC. incurred loan of $5,000,000 at prime rate as published in the Wall Street Journal (currently 8.0%) plus five an maturing April 1, 2024. - Instrument: loan - Principal: $5,000,000 - Rate: prime rate as published in the Wall Street Journal (currently 8.0%) plus five an - Maturity: April 1, 2024 - Event: incurrence source text: of Safe & Green Holdings Corp.(the “Company”), pursuant to a Loan Agreement, dated March 30, 2023 (the “Loan Agreement”), issued a promissory note, in the principal amount of $5,000,000 (the “LV Note”), secured by a Deed of Trust and Security Agreement, dated March 30, 2023 (the “Deed of Trust”) on DevCorp.’s Lake Travis project site in Lago Vista, Texas, a evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023027556/0001213900-23-027556-index.htm - Material Agreements OLENOX INDUSTRIES INC. entered into Deed of Trust and Security Agreement with LV Peninsula Holding LLC valued at Security for LV Note on Lake Travis project site (effective 2023-03-30). - Action: entry - Agreement: credit facility - Counterparty: LV Peninsula Holding LLC - Value: Security for LV Note on Lake Travis project site - Effective: 2023-03-30 source text: secured by a Deed of Trust and Security Agreement, dated March 30, 2023 (the “Deed of Trust”) on DevCorp.’s Lake Travis project site in Lago Vista, Texas evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023027556/0001213900-23-027556-index.htm - Material Agreements OLENOX INDUSTRIES INC. entered into Loan Agreement with LV Peninsula Holding LLC valued at $5,000,000 promissory note (effective 2023-03-31). - Action: entry - Agreement: credit facility - Counterparty: LV Peninsula Holding LLC - Value: $5,000,000 promissory note - Effective: 2023-03-31 source text: Item 1.01. Entry into a Material Definitive Agreement. On March 31, 2023, LV Peninsula Holding LLC (“LV Peninsula”), a Texas limited liability company and wholly owned affiliate of Safe and Green Development Corporation (“DevCorp.”), a wholly owned subsidiary of Safe & Green Holdings Corp.(the “Company”), pursuant to a Loan Agreement, dated March 30, 2023 (the “Loan Agreement”), issued a promissory note, in the principal amount of $5,000,000 (the “LV Note”), secured by a Deed of Trust and Security Agreement, dated March 30, 2023 (the “Deed of Trust”) on DevCorp.’s Lake Travis project site in Lago Vista, Texas, a related Assignment of Contract Rights, dated March 30, 2023 (“Assignment of Rights”), on DevCorp.’s Lake Travis project site in Lago Vista, Texas and McLean site in Durant, Oklahoma and a Mortgage, dated March 30, 2023 (“Mortgage”), on DevCorp.’s McLean site in Durant, Oklahoma. evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023027556/0001213900-23-027556-index.htm - Material Agreements OLENOX INDUSTRIES INC. entered into Guaranty with Safe and Green Development Corporation valued at Guaranty of LV Note obligations (effective 2023-03-30). - Action: entry - Agreement: credit facility - Counterparty: Safe and Green Development Corporation - Value: Guaranty of LV Note obligations - Effective: 2023-03-30 source text: The LV Peninsula obligations under the LV Note have been guaranteed by SG DevCorp. pursuant to a Guaranty, dated March 30, 2023 (the “Guaranty”) evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023027556/0001213900-23-027556-index.htm - Material Agreements OLENOX INDUSTRIES INC. entered into Assignment of Contract Rights with LV Peninsula Holding LLC valued at Assignment on Lake Travis and McLean sites (effective 2023-03-30). - Action: entry - Agreement: credit facility - Counterparty: LV Peninsula Holding LLC - Value: Assignment on Lake Travis and McLean sites - Effective: 2023-03-30 source text: a related Assignment of Contract Rights, dated March 30, 2023 (“Assignment of Rights”), on DevCorp.’s Lake Travis project site in Lago Vista, Texas and McLean site in Durant, Oklahoma evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023027556/0001213900-23-027556-index.htm - Material Agreements OLENOX INDUSTRIES INC. entered into Mortgage with LV Peninsula Holding LLC valued at Mortgage on McLean site in Durant, Oklahoma (effective 2023-03-30). - Action: entry - Agreement: credit facility - Counterparty: LV Peninsula Holding LLC - Value: Mortgage on McLean site in Durant, Oklahoma - Effective: 2023-03-30 source text: arch 31, 2023, LV Peninsula Holding LLC (“LV Peninsula”), a Texas limited liability company and wholly owned affiliate of evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023027556/0001213900-23-027556-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.