IMMUCELL CORP /DE/ (ICCC): debt financing — ImmuCell refinances bank debt with $2.3M loan at 6.5%, extending to 2030

IMMUCELL CORP /DE/

New $2,327,119 loan at 6.5% fixed from Maine Community Bank; pays off prior loans at 7% and 8%.
Prior loans had ~$1.946M balloon payments due in Q3 2026; new loan amortizes through Q3 2030.
Refinancing reduces annual interest expense and removes near-term balloon payment risk.
Loan secured by substantially all assets; failure to pay could accelerate maturity.

item 1.01 item 2.03 item 9.01

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

IMMUCELL CORP /DE/ incurred loan of $2,327,119 with Maine Community Bank at 6.5% per annum.

Instrument: loan
Principal: $2,327,119
Counterparty: Maine Community Bank
Rate: 6.5% per annum
Event: incurrence

Exact text from the filing

On August 7, 2025, ImmuCell Corporation (the “Company”) entered into a Loan Agreement, Promissory Note, and other definitive agreements covering a loan transaction with Maine Community Bank (MCB). Proceeds from such loan transaction in the principal amount of $2,327,119, and bearing interest at a fixed rate of 6.5% per annum

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IMMUCELL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001213900-25-074983

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