Loop Industries enters $2.7M credit facility with CIBC; VP Engineering resigns

Loop Industries, Inc.

Credit facility up to $2.7M principal, two-year term, secured by Terrebonne property.
Borrowings bear interest at prime rate plus 1.0%; minimum equity covenant tested quarterly.
No amounts drawn as of filing date; proceeds intended for general corporate purposes.
Yves Perron resigns as VP Engineering & Construction effective July 29, 2022.
No replacement planned; responsibilities assumed by project team leads.

item 1.01 item 2.03 item 5.02

Executive movements

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Departed

Yves Perron

Vice-President, Engineering and Construction

LOOP · Loop Industries, Inc.

Effective: 2022-07-29
Filed: July 27, 2022, 7:59 PM ET

On July 25, 2022, Yves Perron advised the Company of his intention to resign from his position as Vice-President, Engineering and Construction of the Company, effective July 29, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Yves Perron resigned as Vice-President, Engineering and Construction at Loop Industries, Inc..

Action: resigned
Role: Vice-President, Engineering and Construction

Exact text from the filing

On July 25, 2022, Yves Perron advised the Company of his intention to resign from his position as Vice-President, Engineering and Construction of the Company, effective July 29, 2022.

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Loop Industries, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-22-010116

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