secwatch.observer — SEC 8-K summary
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Issuer:     BLUE DOLPHIN ENERGY CO (BDCO)
CIK:        0000793306
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001654954-23-005789
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Dolphin subsidiary Lazarus Energy modifies $11.2M promissory note; monthly payments of $500k through Feb 2025
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- Principal and accrued interest total $11,205,516 as of March 31, 2023; new monthly payments of $500,000 from April 2023 through February 2025.
- Interest rate reset to 6.25% per year effective April 1, 2023.
- Note holder agrees to forbear from remedies on existing defaults if payments are made; failure results in termination of forbearance after 30-day cure period.
- Payments of $500,000 already made on April 7 and May 1, 2023.
- Final payment of approximately $444,000 due in March 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793306/000165495423005789/0001654954-23-005789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793306/000165495423005789/bdco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-005789

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