---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-010116"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T08:08:10.855750+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-22-010116
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2022-07-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504678/000165495422010116/0001654954-22-010116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495422010116/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-010116
- JSON: https://secwatch.observer/filing/0001654954-22-010116.json
- Plain text: https://secwatch.observer/filing/0001654954-22-010116.txt

## Key facts
- Executive change
  Yves Perron resigned as Vice-President, Engineering and Construction at Loop Industries, Inc..
  - Action: resigned
  - Role: Vice-President, Engineering and Construction
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504678/000165495422010116/0001654954-22-010116-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.