Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AQUABOUNTY TECHNOLOGIES INC incurred term loan of up to $10 million with JMB Capital Partners Lending, LLC at 15% maturing July 31, 2024.
- Instrument
- term loan
- Principal
- up to $10 million
- Counterparty
- JMB Capital Partners Lending, LLC
- Rate
- 15%
- Maturity
- July 31, 2024
- Event
- incurrence
Exact text from the filing
and Security agreement (the “Loan Agreement”) with JMB Capital Partners Lending, LLC (the “Lender”) to fund working capital of the Borrowers through a secured term loan of up to $10 million (the “Loan”) that matures on July 31, 2024 or, if earlier, upon the sale of certain collateral or upon an Event of Default (as defined therein) (the “Stated Maturity Date”). $5
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AQUABOUNTY TECHNOLOGIES INC entered into Loan and Security agreement with JMB Capital Partners Lending, LLC valued at $10 million (effective 2024-04-18).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JMB Capital Partners Lending, LLC
- Value
- $10 million
- Effective
- 2024-04-18
Exact text from the filing
Inc. (the “Company”), AquaBounty Farms, Inc. (the “Parent”), which is a subsidiary of the Company, AquaBounty Farms Indiana LLC (“ABFI”), a subsidiary of the Parent, and AquaBounty Farms Ohio LLC (“ABFO” and, together with the Company, the Parent and ABFI, the “Borrowers”), a subsidiary of the Parent, entered into a Loan and Security agreement (the “Loan Agreement”) with JMB Capital Partners Lending, LLC (the “Lender”) to fund working capital of the Borrowers through a secured term loan of up to $10 million (the “Loan”) that matures on July 31, 2024
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