---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-018665"
form_type: "8-K"
ticker: "ABAT"
cik: "0001576873"
company_name: "AMERICAN BATTERY TECHNOLOGY Co"
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T17:18:53.147775+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# American Battery Technology secures $20M credit facility from Mercuria for recycled battery metal prepayment

## Summary
- Initial $6M term loan plus $14M delayed draw; interest at SOFR + 6% margin.
- Maturity of 24 months; secured by certain real estate; includes a marketing agreement for Mercuria to sell battery products.
- Covenants: min $1.5M cash, debt service coverage ratio of 1.25:1.00, total net debt to capitalization <100%.

## SEC filing metadata
- accession: 0001493152-23-018665
- form_type: 8-K
- ticker: ABAT
- cik: 0001576873
- company_name: AMERICAN BATTERY TECHNOLOGY Co
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1576873/000149315223018665/0001493152-23-018665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1576873/000149315223018665/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018665
- JSON: https://secwatch.observer/filing/0001493152-23-018665.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018665.txt

## Key facts
- Material Agreements
  AMERICAN BATTERY TECHNOLOGY Co entered into Credit Agreement with Mercuria Investments US, Inc. valued at $20 million (effective 2023-05-17).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Mercuria Investments US, Inc.
  - Value: $20 million
  - Effective: 2023-05-17
  source text: On May 17, 2023, the Company entered into a Credit Agreement (the “Credit Agreement”) with Mercuria Investments US, Inc., as agent. The Credit Agreement provides for an aggregate loan amount of up to $20 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1576873/000149315223018665/0001493152-23-018665-index.htm
- Material Agreements
  AMERICAN BATTERY TECHNOLOGY Co entered into Marketing Agreement with Mercuria Energy America, LLC (effective 2023-05-17).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Mercuria Energy America, LLC
  - Effective: 2023-05-17
  source text: Concurrently, and included in the loan documents for the Credit Agreement, the Company entered into a Marketing Agreement (the “Marketing Agreement”) with Mercuria Energy America, LLC (“Mercuria Energy”), where the Company agreed to deliver certain products from its lithium-ion battery recycling plant for Mercuria Energy to market and sell to final customers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1576873/000149315223018665/0001493152-23-018665-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.