RenX Enterprises Corp. (RENX): debt financing — RenX restructures $7M note; transfers Texas collateral, obtains conditional $5M note at 13.5%

RenX Enterprises Corp.

Deed in Lieu of Foreclosure on Lago Vista, TX property extinguishes $5M of the original $7M note.
Remaining $2M secured by Oklahoma property under modified loan at 13.5% interest, maturing Dec. 1, 2028.
New $5M conditional promissory note springs if project milestones not met within 24 months, interest-only for 12 months.
Company pledges 50% membership interest in Norman Berry II Owners, LLC and assigns $209,333 note as collateral.
Company receives 70% of net sale proceeds from Texas property above $5M plus project costs.

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

RenX Enterprises Corp. incurred loan of $5,000,000 with an institutional investor at 13.50% per annum maturing December 1, 2028.

Instrument: loan
Principal: $5,000,000
Counterparty: an institutional investor
Rate: 13.50% per annum
Maturity: December 1, 2028
Event: incurrence

Exact text from the filing

● LV Peninsula issued a conditional promissory note, dated January 6, 2026 (the “New Note”), in the principal amount of $5,000,000 to the Lender

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RenX Enterprises Corp. entered into Restructuring and Collateral Agreement with an institutional investor (effective 2026-01-06).

Action: entry
Counterparty: an institutional investor
Effective: 2026-01-06

Exact text from the filing

On January 6, 2026, RenX Enterprises Corp. (the "Company") and its wholly owned subsidiary Norman Berry II Owners, LLC ("Norman Berry"), entered into a Restructuring and Collateral Agreement (the "Restructuring Agreement") with an institutional investor (the "Lender")

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101 debt financings filed in the last 30 days. Browse all debt financings →

RenX Enterprises Corp. filing history →

Source: SEC EDGAR

accession 0001213900-26-003507

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