---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-031592"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2024-04-09T23:59:59+00:00"
generated_at: "2026-06-04T01:10:13.387495+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Safe and Green extends $5M note to 2025 at 17% and adds $1M second lien debt

## Summary
- Extended $5M LV Note maturity to April 1, 2025; interest rate raised to 17% fixed; paid $50,000 extension fee.
- Issued new $1M second lien note to Austerra Stable Growth Fund, subordinate to the LV Note.
- Second lien note requires monthly interest-only payments, due April 1, 2025, at 17% fixed, prepayable without penalty.
- Note secured by revised deed of trust on Lake Travis project (Lago Vista, TX) and mortgage modification on McLean site (Durant, OK).
- Company guaranteed subsidiary LV Peninsula Holding's obligations under the second lien note via a guaranty dated April 3, 2024.

## SEC filing metadata
- accession: 0001213900-24-031592
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2024-04-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390024031592/0001213900-24-031592-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390024031592/ea0203468-8k_safeand.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-031592
- JSON: https://secwatch.observer/filing/0001213900-24-031592.json
- Plain text: https://secwatch.observer/filing/0001213900-24-031592.txt

## Key facts
- Debt Financings
  RenX Enterprises Corp. amended loan of $5,000,000 with LV Peninsula Holding, LLC at 17.00% maturing April 1, 2025.
  - Instrument: loan
  - Principal: $5,000,000
  - Counterparty: LV Peninsula Holding, LLC
  - Rate: 17.00%
  - Maturity: April 1, 2025
  - Event: amendment
  source text: On April 3, 2024, LV Peninsula Holding, LLC (“LV Holding”), a Texas limited liability company and wholly owned affiliate of Safe and Green Development Corporation (the “Company”), entered into a Modification and Extension Agreement, effective as of April 1, 2024 (the “Extension Agreement”), to extend to April 1, 2025 the maturity date of the promissory note, in the principal amount of $5,000,000 (the “LV Note”), issued by LV Holding pursuant to a Loan Agreement, dated March 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024031592/0001213900-24-031592-index.htm
- Debt Financings
  RenX Enterprises Corp. incurred loan of $1,000,000 at 17.00% maturing April 1, 2025.
  - Instrument: loan
  - Principal: $1,000,000
  - Rate: 17.00%
  - Maturity: April 1, 2025
  - Event: incurrence
  source text: pursuant to a loan agreement dated April 3, 2024 (the “2nd Lien Loan Agreement”), LV Holding issued a promissory note, in the principal amount of $1,000,000 (the “2 nd Lien Note”), secured by a revised Deed of Trust and Security Agreement, dated April 3, 2024 (the “Revised Deed of Trust”) on the Company’s Lake Travis project site in Lago Vista, Texas, a Modification to Real Estate Mortgage, dated April 3, 2024 (“Mortgage Modification”), to the mortgage, dated March 30, 2023, on the Company’s McLean site in Durant, Oklahoma,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024031592/0001213900-24-031592-index.htm
- Material Agreements
  RenX Enterprises Corp. entered into 2nd Lien Loan Agreement with LV Peninsula Holding, LLC valued at $1,000,000 (effective 2024-04-03).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: LV Peninsula Holding, LLC
  - Value: $1,000,000
  - Effective: 2024-04-03
  source text: pursuant to a loan agreement dated April 3, 2024 (the “2nd Lien Loan Agreement”), LV Holding issued a promissory note, in the principal amount of $1,000,000 (the “2 nd Lien Note”), secured by a revised Deed of Trust and Security Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024031592/0001213900-24-031592-index.htm
- Material Agreements
  RenX Enterprises Corp. amended Extension Agreement with LV Peninsula Holding, LLC valued at $5,000,000 (effective 2024-04-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: LV Peninsula Holding, LLC
  - Value: $5,000,000
  - Effective: 2024-04-01
  source text: On April 3, 2024, LV Peninsula Holding, LLC (“LV Holding”), a Texas limited liability company and wholly owned affiliate of Safe and Green Development Corporation (the “Company”), entered into a Modification and Extension Agreement, effective as of April 1, 2024 (the “Extension Agreement”), to extend to April 1, 2025 the maturity date of the promissory note, in the principal amount of $5,000,000 (the “LV Note”), issued by LV Holding pursuant to a Loan Agreement, dated March 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024031592/0001213900-24-031592-index.htm

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