Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Unique Logistics International, Inc. amended credit facility of $4,210,526.32 (initial senior secured term loan) and an aggregate principal amount of up to $14,789,473.68 (delayed draw with CB Agent Services LLC, as origination agent, and Alter Domus (US) LLC, as collateral agent and administrative agent.
- Instrument
- credit facility
- Principal
- $4,210,526.32 (initial senior secured term loan) and an aggregate principal amount of up to $14,789,473.68 (delayed draw
- Counterparty
- CB Agent Services LLC, as origination agent, and Alter Domus (US) LLC, as collateral agent and administrative agent
- Event
- amendment
Exact text from the filing
administrative agent (“Alter Domus”, and together with CB Agents, the “Agents”)(collectively, the “ Parties ”), for an initial senior secured term loan in a principal amount of $4,210,526.32 and a delayed draft term loan in an aggregate principal amount of up to $14,789,473.68. Capitalized terms used but not otherwise defined herein have the same definitions given to
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Unique Logistics International, Inc. amended Waiver and Amendment No. 2 to Financing Agreement with CB Agent Services LLC, Alter Domus (US) LLC, and the Lenders valued at Waiver fee of $3,000,000 and warrants to purchase common stock (effective 2024-03-01).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- CB Agent Services LLC, Alter Domus (US) LLC, and the Lenders
- Value
- Waiver fee of $3,000,000 and warrants to purchase common stock
- Effective
- 2024-03-01
Exact text from the filing
Effective March 1, 2024, the Parties entered into a waiver and amendment no. 2 to financing agreement (the “ Second Waiver ”), whereby the Agents and the Lenders agreed to waive (i) (a) that certain Event of Default that has occurred or may occur, due to the Loan Parties’ noncompliance with Section 7.03(a) of the Agreement for each of the fiscal quarters in the fiscal year ending May 31, 2024 and for the fiscal quarter ending August 31, 2024 (the “FCCR Event of Default”), (b) that certain Event of Default that has occurred or may occur, due to the Loan Parties’ noncompliance with Section 7.03(b) of the Agreement for each of the fiscal quarters in the fiscal year ending May 31, 2024 and for the fiscal quarter ending August 31, 2024 (the “Liquidity Event of Default”) and (c) that certain Event of Default that has occurred or may occur, due to the Loan Parties’ noncompliance with Section 7.03(c) of the Agreement for each of the fiscal quarters in the fiscal year ending May 31, 2024 and fo
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