Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CADIZ INC amended credit facility.
- Instrument
- credit facility
- Event
- amendment
Exact text from the filing
The Amended Credit Agreement extends the maturity date for the Existing Convertible Loans and Existing Non-Convertible Loans to June 30, 2027.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CADIZ INC amended credit facility.
- Instrument
- credit facility
- Event
- amendment
Exact text from the filing
the aggregate principal amount of the secured non-convertible term loans acquired by the Heerema Lender pursuant to the Assignment has been increased from $20,000,0000 to $21,200,000, and the applicable repayment fee in respect thereof has been eliminated
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CADIZ INC incurred term loan of $20,000,000 with HHC $ Fund 2012 (the Heerema Lender) at 7% per annum maturing June 30, 2027.
- Instrument
- term loan
- Principal
- $20,000,000
- Counterparty
- HHC $ Fund 2012 (the Heerema Lender)
- Rate
- 7% per annum
- Maturity
- June 30, 2027
- Event
- incurrence
Exact text from the filing
The Amended Credit Agreement provides for a new tranche of senior secured convertible term loans from the Heerema Lender in an aggregate principal amount of $20,000,000 (the “New Secured Convertible Loans”), having a maturity date of June 30, 2027, which was fully funded to the Company on March 6, 2024.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CADIZ INC entered into Third Amendment to Credit Agreement and First Amendment to Security Agreement with HHC $ Fund 2012 (the "Heerema Lender"), an affiliate of Heerema International Group Services S.A. valued at aggregate principal amount of $20,000,000 (effective 2024-03-06).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- HHC $ Fund 2012 (the "Heerema Lender"), an affiliate of Heerema International Group Services S.A.
- Value
- aggregate principal amount of $20,000,000
- Effective
- 2024-03-06
Exact text from the filing
On March 6, 2024, Cadiz Inc. (the “Company,” “we,” “our,” and “us”) and our wholly-owned subsidiaries, Cadiz Real Estate LLC, ATEC Water Systems, LLC, and Octagon Partners LLC (collectively, the “Borrowers”), entered into a Third Amendment to Credit Agreement and First Amendment to Security Agreement (the “Third Amendment”) with HHC $ Fund 2012 (the “Heerema Lender”), an affiliate of Heerema International Group Services S.A. (“Heerema”)
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