Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
OLENOX INDUSTRIES INC. faced acceleration on loan of approximately $4 million (plus any accrued but unpaid interest in respect thereof) with Enhanced Capital Oklahoma Rural Fund, LLC.
- Instrument
- loan
- Principal
- approximately $4 million (plus any accrued but unpaid interest in respect thereof)
- Counterparty
- Enhanced Capital Oklahoma Rural Fund, LLC
- Event
- acceleration
Exact text from the filing
The filing of the Chapter 11 Case constitutes an event of default that accelerated obligations under the following material debt instruments and agreements: (i) approximately $4 million (plus any accrued but unpaid interest in respect thereof) under that certain Loan and Security Agreement between SG Echo, LLC and Enhanced Capital Oklahoma Rural Fund, LLC, dated as of September 20, 2024 (the “Enhanced Loan Agreement”).
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Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
OLENOX INDUSTRIES INC. entered chapter 11 in United States Bankruptcy Court for the Eastern District of Oklahoma (petition 2026-04-28).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the Eastern District of Oklahoma
- Petition
- 2026-04-28
Exact text from the filing
On April 28, 2026, SG Echo LLC, a Delaware limited liability company (“SG Echo” or the “Debtor”), a wholly owned subsidiary of Olenox Industries, Inc., a Delaware corporation (the “Company”), commenced a voluntary case (the “Chapter 11 Case”) under title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Eastern District of Oklahoma (the “Bankruptcy Court”), to seek for a court-administered reorganization pursuant to a plan of reorganization (the “Plan”).
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