Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ivanhoe Electric Inc. incurred credit facility of $82,590,284 with Wolff-Harvard Ventures, LP at prime plus 1% maturing four equal annual installments of approximately $12.1 million plus applicable interest on the first, second, third and fourth anniversary of the Second Payment.
- Instrument
- credit facility
- Principal
- $82,590,284
- Counterparty
- Wolff-Harvard Ventures, LP
- Rate
- prime plus 1%
- Maturity
- four equal annual installments of approximately $12.1 million plus applicable interest on the first, second, third and fourth anniversary of the Second Payment
- Event
- incurrence
Exact text from the filing
On the Closing Date, Mesa Cobre paid $34.3 million of the Purchase Price to Wolff-Harvard LLC (inclusive of a previously paid $0.1 million exclusivity payment and a $5.0 million earnest money escrow deposit upon signing the Agreement) and issued a Secured Promissory Note to Wolff-Harvard Ventures, LP (“Wolff-Harvard LP”) in the principal amount of $82,590,284 with an interest rate of prime plus 1% (the “Promissory Note”).
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Ivanhoe Electric Inc. completed an acquisition involving Wolff-Harvard Ventures, LLC for $116.86 million (closed 2023-05-23).
- Action
- acquisition
- Counterparty
- Wolff-Harvard Ventures, LLC
- Consideration
- $116.86 million
- Closing
- 2023-05-23
Exact text from the filing
On May 23, 2023 (the “Closing Date”), Mesa Cobre Holding Corporation (“Mesa Cobre”), a wholly-owned subsidiary of Ivanhoe Electric Inc. (the “Company”), completed its previously announced acquisition of certain real property situated in Pinal County, Arizona and certain water rights, intangible property and surface access rights in exchange for aggregate consideration of $116.86 million
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