NIOCORP DEVELOPMENTS LTD (NB): debt financing — NioCorp increases credit facility from CEO Mark Smith to $4.0 million

NIOCORP DEVELOPMENTS LTD

Increase of $500,000 to existing non-revolving credit facility with CEO Mark Smith.
Amendment effective February 28, 2023; total principal not to exceed $4,000,000.
Facility originally dated Jan 16, 2017, previously amended nine times.
Related-party transaction: Lender is CEO/President/Executive Chairman Mark Smith.

item 1.01 item 2.03 item 9.01

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

NIOCORP DEVELOPMENTS LTD amended credit facility of $4.0 million with Mark A. Smith.

Instrument: credit facility
Principal: $4.0 million
Counterparty: Mark A. Smith
Event: amendment

Exact text from the filing

On February 28, 2023, the Company and Mr. Smith entered into an amending agreement to the Smith Credit Facility (the “Smith Credit Facility Extension Agreement”), increasing the size of the facility to $4.0 million.

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10 debt financings filed in the last 30 days. Browse all debt financings →

NIOCORP DEVELOPMENTS LTD filing history →

Source: SEC EDGAR

accession 0001539497-23-000359

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