secwatch.observer — SEC 8-K summary
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Issuer:     Global Clean Energy Holdings, Inc. (—)
CIK:        0000748790
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001575872-23-001519
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Clean Energy subsidiary issues $15M secured promissory note to affiliate at 15% interest
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- Sustainable Oils, Inc. issued a $15M secured promissory note to BKRF OCB, LLC (affiliate) at 15% annual interest, due August 22, 2024.
- SusOils granted a blanket security interest in all assets and a $15M guaranty under the parent's senior credit agreement.
- Proceeds include $4.182M new funding for a Montana bond; if bond not issued by Sept 29, 2023, $4.182M must be returned.
- Note is secured by a pledge of SusOils' equity from Global Clean Energy Holdings and a patent security agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748790/000157587223001519/0001575872-23-001519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748790/000157587223001519/gceh-20230927.htm
  HTML page:      https://secwatch.observer/filing/0001575872-23-001519

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