---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-021429"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-05T00:08:33.650143+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Safe and Green Development secures $250K line of credit, issues 154K shares to lender

## Summary
- Line of credit up to $250,000 from Bryan Leighton Revocable Trust; 12% fixed interest, matures Sep 1, 2024.
- Issued 154,320 shares of restricted common stock as commitment fee (value ~$125,000 at closing price).
- Drew down $60,000 on March 4, 2024; can borrow, repay, and reborrow.
- Maturity may be extended up to six months upon mutual written consent.

## SEC filing metadata
- accession: 0001213900-24-021429
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390024021429/0001213900-24-021429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390024021429/ea0201501-8k_safeand.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-021429
- JSON: https://secwatch.observer/filing/0001213900-24-021429.json
- Plain text: https://secwatch.observer/filing/0001213900-24-021429.txt

## Key facts
- Debt Financings
  RenX Enterprises Corp. incurred credit facility of up to the maximum amount of $250,000 with Bryan Leighton Revocable Trust Dated December 13th, 2023 at a fixed rate per annum equal to 12.0% maturing September 1, 2024.
  - Instrument: credit facility
  - Principal: up to the maximum amount of $250,000
  - Counterparty: Bryan Leighton Revocable Trust Dated December 13th, 2023
  - Rate: a fixed rate per annum equal to 12.0%
  - Maturity: September 1, 2024
  - Event: incurrence
  source text: On March 1, 2024 Safe and Green Development Corporation (the "Company") entered into a credit agreement (the “Credit Agreement”) with the Bryan Leighton Revocable Trust Dated December 13th, 2023 (the “Lender”) pursuant to which the Lender agreed to provide the Company with a line of credit facility (the “Line of Credit”) up to the maximum amount of $250,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024021429/0001213900-24-021429-index.htm
- Material Agreements
  RenX Enterprises Corp. entered into Credit Agreement with Bryan Leighton Revocable Trust Dated December 13th, 2023 valued at up to the maximum amount of $250,000 (effective 2024-03-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bryan Leighton Revocable Trust Dated December 13th, 2023
  - Value: up to the maximum amount of $250,000
  - Effective: 2024-03-01
  source text: On March 1, 2024 Safe and Green Development Corporation (the "Company") entered into a credit agreement (the “Credit Agreement”) with the Bryan Leighton Revocable Trust Dated December 13th, 2023 (the “Lender”) pursuant to which the Lender agreed to provide the Company with a line of credit facility (the “Line of Credit”) up to the maximum amount of $250,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024021429/0001213900-24-021429-index.htm

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