ECD Automotive Design, Inc.: debt financing — ECD Automotive Design enters $1.824M loan with Defender SPV, pays off prior Agile Loan

ECD Automotive Design, Inc.

New term loan of $1,824,300 from Defender SPV LLC; 69 weekly payments of $35,693 starting Apr 15, 2025, ending Aug 4, 2026.
Total interest accrual of $638,505; includes $40,000 admin fee and $35,000 legal fee netted from proceeds.
Proceeds used to pay off prior Agile Loan of $1,749,300 (discounted payoff) from Feb 2025 agreement.
Loan secured by all assets of Company and subsidiary Humble Imports Inc.; customary covenants and default provisions.
Prepayment requires make-whole premium equal to remaining interest through maturity; no reborrowing allowed.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

ECD Automotive Design, Inc. incurred term loan of $1,824,300 with New Lender at interest in the aggregate amount of $638,505 maturing August 4, 2026.

Instrument: term loan
Principal: $1,824,300
Counterparty: New Lender
Rate: interest in the aggregate amount of $638,505
Maturity: August 4, 2026
Event: incurrence

Exact text from the filing

On April 4, 2025, the Company entered into a new business loan and security agreement with an effective date of April 4, 2025 (the “New Loan Agreement”) by and among an investor (the “New Lender”), a collateral agent (the “Collateral Agent”), the Company and its subsidiary, Humble Imports Inc., pursuant to which the Company received a term loan from the New Lender in the principal amount of $1,824,300 (the “New Loan”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

ECD Automotive Design, Inc. incurred term loan of $1,575,000 with Agile Lending, LLC at interest in the aggregate amount of $661,500 maturing September 22, 2025.

Instrument: term loan
Principal: $1,575,000
Counterparty: Agile Lending, LLC
Rate: interest in the aggregate amount of $661,500
Maturity: September 22, 2025
Event: incurrence

Exact text from the filing

As previous disclosed, on February 20, 2025, ECD Automotive Design Inc. (the “Company”) entered into a business loan and security agreement with an effective date of February 20, 2025 (the “Agile Loan Agreement”) by and among a commercial lender (“Collateral Agent”), Agile Lending, LLC (“Lender”), the Company and its subsidiary, Humble Imports Inc., pursuant to which the Company received a term loan from Lender in the principal amount of $1,575,000 (the “Agile Loan”).

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Source: SEC EDGAR

accession 0001213900-25-031173

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