{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-052773","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2025-06-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.174270+00:00","generated_at":"2026-05-19T15:01:26.430523+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Safe & Green subsidiary Olenox enters $2M revolving credit line with Prosperity Bank","bullets":["Olenox Corp, wholly-owned subsidiary, borrowed $2M from Prosperity Bank via promissory note dated June 2, 2025.","Note bears 5% interest, due on demand or June 2, 2026; monthly interest payments begin July 2, 2025.","Loan secured by Company's $2M certificate of deposit; net proceeds $1,984,998 after $15,002 fees.","CEO Michael McLaren provides commercial guaranty; default interest rate 18%.","Line of credit for general corporate purposes; lender has right of setoff against all borrower's accounts."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-052773","json":"https://secwatch.observer/filing/0001213900-25-052773.json","markdown":"https://secwatch.observer/filing/0001213900-25-052773.md","text":"https://secwatch.observer/filing/0001213900-25-052773.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390025052773/0001213900-25-052773-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390025052773/ea0245203-8k_safe.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T15:01:26.430523+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ae9f9f19540c45e82750870c91eb49bcf228e305","claim":"OLENOX INDUSTRIES INC. incurred credit facility of $2,000,000 with Prosperity Bank at five percent (5%) per annum maturing June 2, 2026.","evidence_excerpt":"On June 3, 2025 (the “Effective Date”), Olenox Corp. (the “Borrower”), a wholly owned subsidiary of Safe & Green Holdings Corp. (the “Company”), entered into a Promissory Note (the “Note”) in favor of Prosperity Bank (the “Lender”) in the aggregate principal amount of $2,000,000 (the “Principal”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390025052773/0001213900-25-052773-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$2,000,000"},{"label":"Counterparty","value":"Prosperity Bank"},{"label":"Rate","value":"five percent (5%) per annum"},{"label":"Maturity","value":"June 2, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}