---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012540"
form_type: "8-K"
ticker: null
cik: "0001600422"
company_name: "Superior Drilling Products, Inc."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:40:52.893826+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# SDPI amends Tronco loan: first payment deferred to Sep 30, 2024; merger-triggered acceleration remains

## Summary
- Principal unchanged at $6,567,331; interest rate 2.8% per annum; annual $750k payments through 2033.
- First payment deferred from March 31, 2024 to September 30, 2024.
- If DTI merger closes, all accrued interest becomes due on closing date; principal terms otherwise unchanged.
- Acceleration triggers: if SDPI stock ≥$3/share for 10-day average, 50% of balance due; ≥$4/share, full balance due.
- Loan guaranteed by CEO G. Troy Meier and COO Annette Meier individually and as trustees.

## SEC filing metadata
- accession: 0001493152-24-012540
- form_type: 8-K
- cik: 0001600422
- company_name: Superior Drilling Products, Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1600422/000149315224012540/0001493152-24-012540-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1600422/000149315224012540/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012540
- JSON: https://secwatch.observer/filing/0001493152-24-012540.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012540.txt

## Key facts
- Material Agreements
  Superior Drilling Products, Inc. amended Fifth Amended and Restated Loan Agreement with Tronco Energy Corporation (effective 2024-03-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Tronco Energy Corporation
  - Effective: 2024-03-31
  source text: Effective March 31, 2024, Superior Drilling Products, Inc. (the “Company”) entered into the Fifth Amended and Restated Loan Agreement (the “Loan Agreement”) and the Fifth Amended and Restated Promissory Note (the “Note”) with Tronco Energy Corporation (“Tronco”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1600422/000149315224012540/0001493152-24-012540-index.htm

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