---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-058647"
form_type: "8-K"
ticker: null
cik: "0001826671"
company_name: "Near Intelligence, Inc."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:05:04.205141+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Near Intelligence amends Blue Torch credit pact, waives default, reduces debt by $29M

## Summary
- Amendment No. 4 waives Event of Default caused by failed leverage ratio test due to subordinated convertible debentures.
- Subordinated convertible debentures excluded from leverage ratio calculation going forward.
- $29M optional prepayment applied to principal; $1.74M PIK payment capitalized; new principal $76.74M.
- Blue Torch waives post-default interest rate and confirms no additional fees from the default.
- Specified account closed; no remaining loan proceeds available to borrower.

## SEC filing metadata
- accession: 0001213900-23-058647
- form_type: 8-K
- cik: 0001826671
- company_name: Near Intelligence, Inc.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826671/000121390023058647/0001213900-23-058647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826671/000121390023058647/ea182121-8k_nearintell.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-058647
- JSON: https://secwatch.observer/filing/0001213900-23-058647.json
- Plain text: https://secwatch.observer/filing/0001213900-23-058647.txt

## Key facts
- Debt Financings
  Near Intelligence, Inc. amended credit facility of $76,742,047.02 with Blue Torch Finance LLC.
  - Instrument: credit facility
  - Principal: $76,742,047.02
  - Counterparty: Blue Torch Finance LLC
  - Event: amendment
  source text: After giving effect to the application of the Prepayment Amount and the PIK Payment, the principal balance of the loans under the Financing Agreement was $76,742,047.02 as of July 18, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826671/000121390023058647/0001213900-23-058647-index.htm
- Material Agreements
  Near Intelligence, Inc. amended Amendment No. 4 to Financing Agreement with Blue Torch Finance LLC, as administrative agent, and the Required Lenders valued at $29,000,000 (effective 2023-07-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Blue Torch Finance LLC, as administrative agent, and the Required Lenders
  - Value: $29,000,000
  - Effective: 2023-07-18
  source text: On July 18, 2023, the Company entered into that certain Amendment No. 4 to Financing Agreement (“ Amendment No. 4 ”) by and among Near Intelligence LLC, the Company’s subsidiary guarantors, the Required Lenders (as defined therein) and Blue Torch, as administrative agent, pursuant to which, among other things, the parties agreed to amend certain terms of the Financing Agreement relating to the Leverage Ratio to provide that the Subordinated Convertible Debentures will not be treated as indebtedness for purposes of calculating the Leverage Ratio pursuant to the Financing Agreement, nor will any other convertible notes, debentures or similar securities of the Company that constitute Subordinated Indebtedness (as defined in Financing Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826671/000121390023058647/0001213900-23-058647-index.htm

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