secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN BATTERY TECHNOLOGY Co (ABAT)
CIK:        0001576873
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001493152-23-018665
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576873/000149315223018665/0001493152-23-018665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576873/000149315223018665/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-018665

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