Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TILT Holdings Inc. incurred senior notes of US$4,500,000 with Jordan Geotas, as noteholder representative at greater of 16% or prime rate plus 8.5% per annum maturing December 1, 2023.
- Instrument
- senior notes
- Principal
- US$4,500,000
- Counterparty
- Jordan Geotas, as noteholder representative
- Rate
- greater of 16% or prime rate plus 8.5% per annum
- Maturity
- December 1, 2023
- Event
- incurrence
Exact text from the filing
Pursuant to the 2023 NPA, Subsidiary Borrowers issued by way of private placement senior secured promissory notes in the aggregate principal amount of US$4,500,000 (the “2023 Bridge Notes”) to the holders with a maturity date of December 1, 2023 (the “Maturity Date”). The 2023 Bridge Notes bear interest at the greater of 16% or the prime rate plus 8.5% payable monthly.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
TILT Holdings Inc. entered into Secured Note Purchase Agreement with Jordan Geotas, as Noteholder Representative on behalf of the purchasers valued at US$4,500,000 aggregate principal amount of senior secured promissory notes (effective 2023-05-15).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Jordan Geotas, as Noteholder Representative on behalf of the purchasers
- Value
- US$4,500,000 aggregate principal amount of senior secured promissory notes
- Effective
- 2023-05-15
Exact text from the filing
On May 15, 2023 (the “Closing Date”), TILT Holdings Inc. (the “Company”) and its subsidiaries, Jimmy Jang, L.P., Baker Technologies, Inc., Commonwealth Alternative Care, Inc., and Jupiter Research, LLC (“Jupiter”, and collectively, the “Subsidiary Borrowers”) entered into a Secured Note Purchase Agreement, with Jordan Geotas, as the noteholder representative (the “Noteholder Representative”) on behalf of the purchasers named therein (the “2023 NPA”).
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