secwatch.observer — SEC 8-K summary
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Issuer:     Tattooed Chef, Inc. (—)
CIK:        0001741231
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001628280-23-025000
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tattooed Chef enters $6M DIP credit facility with UMB Bank amid Chapter 11 cases
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- DIP facility consists of $3M new money revolving loans and $3M roll-up loans converting pre-petition debt.
- Interest rate equals SOFR plus 5% per annum, with a 5% floor; $60,000 fee payable at maturity.
- Interim court approval granted July 6; final approval required; maturity date is September 30, 2023.
- Facility secured by super-priority priming liens on substantially all assets, subject to carve-outs.
- Company filed for Chapter 11 on July 2, 2023; seeks to fund operations during restructuring.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1741231/000162828023025000/0001628280-23-025000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1741231/000162828023025000/ttcf-20230711.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025000

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