Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SkyWater Technology, Inc entered into Loan and Security Agreement with Siena Lending Group LLC, as agent, and the Lenders valued at up to $100 million (effective 2022-12-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Siena Lending Group LLC, as agent, and the Lenders
- Value
- up to $100 million
- Effective
- 2022-12-28
Exact text from the filing
On December 28, 2022, SkyWater Technology, Inc. (the “Company”) and its subsidiaries, SkyWater Technology Foundry, Inc., SkyWater Federal, LLC and SkyWater Florida, Inc. (the “Borrowers”) entered into a Loan and Security Agreement (the “Loan Agreement”) with Siena Lending Group LLC, as agent (the “Agent”) for Siena Lending Group LLC and GRC SPV Investments, LLC and the other financial institutions party to the Loan Agreement from time to time (the “Lenders”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SkyWater Technology, Inc terminated Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at $43.5 million (effective 2022-12-28).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- $43.5 million
- Effective
- 2022-12-28
Exact text from the filing
On December 28, 2022, in connection with the entry into the Loan Agreement, the Company repaid the $ 43.5 million in outstanding indebtedness under, and terminated, that certain Amended and Restated Credit Agreement dated as of December 28, 2020, by and between the Company (successor by conversion to CMI Acquisition, LLC), SkyWater Foundry and other subsidiaries of the Company as borrowers, and Wells Fargo Bank, National Association.
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