Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Bantec, Inc. amended senior notes of $8,676,957 with Ekimnel Strategies, LLC at 2.0% per year maturing August 12, 2047.
- Instrument
- senior notes
- Principal
- $8,676,957
- Counterparty
- Ekimnel Strategies, LLC
- Rate
- 2.0% per year
- Maturity
- August 12, 2047
- Event
- amendment
Exact text from the filing
On August 12, 2023, the Company, as the Borrower, and the Company’s subsidiaries: Drone USA, LLC and Howco Distributing Co., as Corporate Guarantors, and Michael Bannon, as a Validity Guarantor (collectively, “Credit Parties”), entered into an Amendment (the “Amendment”) to the Agreement with Ekimnel, as the Lender, pursuant to which the Company issued the Second Replacement Promissory Note (the “Note”) to Ekimnel in the principal amount of $8,676,957.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bantec, Inc. amended Amendment with Ekimnel Strategies, LLC valued at $8,676,957 (effective 2023-08-12).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Ekimnel Strategies, LLC
- Value
- $8,676,957
- Effective
- 2023-08-12
Exact text from the filing
the Company, as the Borrower, and the Company’s subsidiaries: Drone USA, LLC and Howco Distributing Co., as Corporate Guarantors, and Michael Bannon, as a Validity Guarantor (collectively, “Credit Parties”), entered into an Amendment (the “Amendment”) to the Agreement with Ekimnel, as the Lender, pursuant to which the Company issued the Second Replacement Promissory Note (the “Note”) to Ekimnel in the principal amount of $8,676,957.
View on SEC.gov