---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-052945"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:35:24.010349+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Safe & Green subsidiary secures up to $2M loan from BCV S&G at 14%, due Dec 2024

## Summary
- Loan of up to $2,000,000 from BCV S&G DevCorp; $1,250,000 drawn to date.
- Interest at 14% per annum, maturity December 1, 2024.
- Secured by 1,999,999 shares (19.99% of SG DevCo) pledged by parent Safe & Green Holdings.
- Additional collateral (St. Mary's, GA industrial site) required if Nasdaq listing not achieved by Aug 30, 2023 or pledged share value < 2x loan.
- Fees: $70,000 origination, $27,500 annual maintenance, $37,500 broker fees.

## SEC filing metadata
- accession: 0001213900-23-052945
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023052945/0001213900-23-052945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023052945/ea181075-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-052945
- JSON: https://secwatch.observer/filing/0001213900-23-052945.json
- Plain text: https://secwatch.observer/filing/0001213900-23-052945.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023052945/0001213900-23-052945-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023052945/0001213900-23-052945-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.