Origin Materials, Inc. (ORGN): debt financing — Origin Materials enters $100M convertible note facility; initial $16.7M tranche funded

Origin Materials, Inc.

Issued $16.7M in senior secured convertible notes; net proceeds $15.0M after 10% OID.
Notes bear zero interest, mature 30 months from closing, convertible at $0.62616 per share.
Monthly amortization payments of $3.0M (cash) or greater of $2.0M and 20% of daily volume (stock).
Additional $83.3M available in tranches subject to stockholder approval and other conditions.
Security agreement grants first-priority lien on substantially all personal property assets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Origin Materials, Inc. incurred senior notes of $16.7 million in aggregate principal amount of Notes with an institutional purchaser at The Notes bear no interest rate (except upon event of default) maturing the date that is the 30-month anniversary of the last day of the month in which the closing with respect to the applicable Notes occurs.

Instrument: senior notes
Principal: $16.7 million in aggregate principal amount of Notes
Counterparty: an institutional purchaser
Rate: The Notes bear no interest rate (except upon event of default)
Maturity: the date that is the 30-month anniversary of the last day of the month in which the closing with respect to the applicable Notes occurs
Event: incurrence

Exact text from the filing

under the Purchase Agreement to occur on or about November 17, 2025, subject to the satisfaction of customary closing conditions. At the initial closing, the Company will issue $16.7 million in aggregate principal amount of Notes and will receive $15.0 million (after deducting the original issue discount). The Company has agreed to seek stockholder approval to permit

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Origin Materials, Inc. filing history →

Source: SEC EDGAR

accession 0001802457-25-000076

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