secwatch.observer — SEC 8-K summary
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Issuer:     Near Intelligence, Inc. (—)
CIK:        0001826671
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001213900-23-058647
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826671/000121390023058647/0001213900-23-058647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826671/000121390023058647/ea182121-8k_nearintell.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-058647

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer