INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM): debt financing — IPM enters $1M secured revolving credit facility with Newtek Bank, maturing April 2026

INTELLIGENT PROTECTION MANAGEMENT CORP.

Revolving line of credit up to $1,000,000, secured by substantially all assets of IPM and its subsidiary Intelligent Protection LLC.
Maturity date April 10, 2026; interest rate set at Newtek Bank's index plus 2% margin, with a 6.07% floor.
Barry Sloane, a director of IPM, is CEO of Newtek Bank and NewtekOne; transaction is a related-party arrangement.
No amounts drawn under the facility as of the filing date.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

INTELLIGENT PROTECTION MANAGEMENT CORP. incurred revolving credit of $1,000,000 with Newtek Bank, National Association at Annual Percentage Rate plus a margin of 2.00%; provided , however, that in no ev maturing April 10, 2026.

Instrument: revolving credit
Principal: $1,000,000
Counterparty: Newtek Bank, National Association
Rate: Annual Percentage Rate plus a margin of 2.00%; provided , however, that in no ev
Maturity: April 10, 2026
Event: incurrence

Exact text from the filing

On April 10, 2025, Intelligent Protection Management Corp. (the " Company "), Intelligent Protection LLC, a wholly owned subsidiary of the Company (" IPM LLC " and, together with the Company, the " Borrowers "), and Newtek Bank, National Association (" Newtek Bank "), a subsidiary of NewtekOne, Inc. (" Newtek "), entered into that certain business loan agreement and that certain credit agreement and revolving promissory note (together, the " Loan Agreements "), which provide for a secured revolving line of credit to the Borrowers in the maximum amount of $1,000,000

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Source: SEC EDGAR

accession 0001213900-25-032588

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