FGI Industries subsidiary enters $2.3M credit line with CTBC Bank

FGI Industries Ltd.

FGI International, wholly owned subsidiary, entered a $2.3M unsecured credit line with CTBC Bank.
Borrowings limited to 90% of export open account trade receivables.
Interest rate based on Taipei Interbank Offered Rate (TAIBOR) plus 120 bps base points plus handling fees.
Credit line is fully guaranteed by FGI Industries Ltd.
Contains customary representations, warranties, and events of default including non-payment and bankruptcy.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FGI Industries Ltd. entered into Credit Line with CTBC Bank Co., Ltd. valued at up to $2.3 million (effective 2024-01-25).

Action: entry
Agreement: credit facility
Counterparty: CTBC Bank Co., Ltd.
Value: up to $2.3 million
Effective: 2024-01-25

Exact text from the filing

On January 25, 2024, FGI International, Limited (“FGI International”), wholly owned subsidiary of FGI Industries Ltd. (the “Company”), entered into an omnibus credit line (the “Credit Line”) with CTBC Bank Co., Ltd. (“CTBC”).

View on SEC.gov

Browse all material agreements →

FGI Industries Ltd. filing history →

Source: SEC EDGAR

accession 0001558370-24-000668

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.