secwatch.observer — SEC 8-K summary
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Issuer:     BLUE DOLPHIN ENERGY CO (BDCO)
CIK:        0000793306
Form:       8-K
Filed at:   2021-10-07T23:59:59+00:00
Accession:  0001654954-21-010892
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Blue Dolphin subsidiary Nixon Product Storage secures $10M term loan at 5.75%
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- Loan of $10M from Greater Nevada Credit Union; 10-year term, fixed rate 5.75%.
- Interest-only payments for first 36 months, then principal + interest through Oct 2031.
- Proceeds used for working capital and closing costs.
- Secured by deed of trust on ~56 acres and improvements in Wilson County, TX.
- Loan includes customary covenants: debt service coverage, debt-to-net worth, current ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793306/000165495421010892/0001654954-21-010892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793306/000165495421010892/bdco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-010892

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer