secwatch.observer — SEC 8-K summary
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Issuer:     Healthier Choices Management Corp. (HCMC)
CIK:        0000844856
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001493152-24-021105
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healthier Choices Management subsidiary secures $5M revolving credit facility at 12% interest
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- HCWC, a wholly owned subsidiary of HCMC, entered into a $5M revolving line of credit with private lender Hal Mintz.
- Interest rate is 12% per annum, payable quarterly, with principal and accrued interest due on August 31, 2025.
- Proceeds will be used for general working capital purposes.
- Prepayment is permitted at any time upon 3 business days' written notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844856/000149315224021105/0001493152-24-021105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844856/000149315224021105/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-021105

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