Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
OLENOX INDUSTRIES INC. incurred loan of up to $2,000,000 in proceeds, of which it has raised $1,250,000 to date with BCV S&G DevCorp at 14% per annum maturing December 1, 2024.
- Instrument
- loan
- Principal
- up to $2,000,000 in proceeds, of which it has raised $1,250,000 to date
- Counterparty
- BCV S&G DevCorp
- Rate
- 14% per annum
- Maturity
- December 1, 2024
- Event
- incurrence
Exact text from the filing
On June 23 2023, Safe and Green Development Corporation (“SG DevCo”), a wholly owned subsidiary of Safe & Green Holdings Corp. (the “Company”), entered into a Loan Agreement (the “BCV Loan Agreement”) with a Luxembourg-based specialized investment fund, BCV S&G DevCorp (“BCV S&G”), for up to $2,000,000 in proceeds, of which it has raised $1,250,000 to date.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
OLENOX INDUSTRIES INC. entered into BCV Loan Agreement with BCV S&G DevCorp valued at up to $2,000,000 in proceeds (effective 2023-06-23).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- BCV S&G DevCorp
- Value
- up to $2,000,000 in proceeds
- Effective
- 2023-06-23
Exact text from the filing
On June 23 2023, Safe and Green Development Corporation (“SG DevCo”), a wholly owned subsidiary of Safe & Green Holdings Corp. (the “Company”), entered into a Loan Agreement (the “BCV Loan Agreement”) with a Luxembourg-based specialized investment fund, BCV S&G DevCorp (“BCV S&G”), for up to $2,000,000 in proceeds, of which it has raised $1,250,000 to date.
View on SEC.gov