Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ADM ENDEAVORS, INC. incurred credit facility of up to $4,618,960 with CapTex Bank at 5.5% per annum, subject to adjustment on October 25, 2027, to 1% over the U.S. p maturing October 25, 2032.
- Instrument
- credit facility
- Principal
- up to $4,618,960
- Counterparty
- CapTex Bank
- Rate
- 5.5% per annum, subject to adjustment on October 25, 2027, to 1% over the U.S. p
- Maturity
- October 25, 2032
- Event
- incurrence
Exact text from the filing
the “ Note ”) to, CapTex Bank, a Texas banking association (the “ Lender ”), pursuant to which the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ADM ENDEAVORS, INC. entered into Construction Loan Agreement with CapTex Bank valued at $4,618,960 (effective 2022-10-25).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- CapTex Bank
- Value
- $4,618,960
- Effective
- 2022-10-25
Exact text from the filing
Effective as of October 25, 2022, ADM Endeavors, Inc., a Nevada corporation (the “ Company ”), and Just Right Products, Inc., the Company’s Texas subsidiary (the “ Subsidiary ,” and together with the Company, the “ Borrowers ”), entered into a Construction Loan Agreement (the “ Loan Agreement ”) with, and issued an accompanying Promissory Note (the “ Note ”) to, CapTex Bank, a Texas banking association (the “ Lender ”), pursuant to which the Lender agreed to loan up to $4,618,960 to the Borrowers
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