secwatch.observer — SEC 8-K summary
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Issuer:     RenX Enterprises Corp. (RENX)
CIK:        0001959023
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001213900-24-031592
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959023/000121390024031592/0001213900-24-031592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1959023/000121390024031592/ea0203468-8k_safeand.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-031592

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