SELECTIS HEALTH, INC. (GBCS): debt financing — Selectis Health secures $750K line of credit at 8.5% due April 2025

SELECTIS HEALTH, INC.

Entered into Commercial Line of Credit Agreement and Note with Southern Bank for $750,000 principal limit.
Fixed interest rate of 8.50% per annum.
Maturity date of April 12, 2025.
Funds available for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SELECTIS HEALTH, INC. incurred credit facility of $750,000 with Southern Bank at 8.50% per annum maturing April 12, 2025.

Instrument: credit facility
Principal: $750,000
Counterparty: Southern Bank
Rate: 8.50% per annum
Maturity: April 12, 2025
Event: incurrence

Exact text from the filing

On April 12, 2024, Selectis Health, Inc., a Utah corporation (the "Company") entered into a Commercial Line of Credit Agreement and Note with Southern Bank for a line of credit in the principal amount limit of $750,000 at a fixed interest rate of 8.50% per annum with a Maturity Date of April 12, 2025.

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SELECTIS HEALTH, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-015664

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