Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AMERICAN REBEL HOLDINGS INC incurred loan of $75,000 with existing accredited investor lender at 12% per annum maturing on or before March 31, 2024.
- Instrument
- loan
- Principal
- $75,000
- Counterparty
- existing accredited investor lender
- Rate
- 12% per annum
- Maturity
- on or before March 31, 2024
- Event
- incurrence
Exact text from the filing
On January 1, 2024, the Registrant entered into a new loan agreement with an existing accredited investor lender who was owed $150,000 under a previous loan due December 31, 2023. The Registrant repaid the lender $75,000 due under the previous loan and under the new loan agreement has agreed to pay the lender the remaining $75,000 on or before March 31, 2024. The principal balance bears interest at 12% per annum.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AMERICAN REBEL HOLDINGS INC entered into a credit facility valued at $75,000 (effective 2024-01-01).
- Action
- entry
- Agreement
- credit facility
- Value
- $75,000
- Effective
- 2024-01-01
Exact text from the filing
On January 1, 2024, the Registrant entered into a new loan agreement with an existing accredited investor lender who was owed $150,000 under a previous loan due December 31, 2023.
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