Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Intuitive Machines, Inc. incurred credit facility of not to exceed $10 million with Pershing LLC at target interest rate set by the Federal Open Market Committee, subject to a 5.5% maturing February 22, 2024.
- Instrument
- credit facility
- Principal
- not to exceed $10 million
- Counterparty
- Pershing LLC
- Rate
- target interest rate set by the Federal Open Market Committee, subject to a 5.5%
- Maturity
- February 22, 2024
- Event
- incurrence
Exact text from the filing
a series of loan documents with Pershing LLC, an affiliate of Bank of New York Mellon, pursuant to which Pershing LLC agreed to an extension of credit in an amount not to exceed $10 million to the Company (the “Loan Documentation”). Borrowings under this credit facility bear interest at the target interest rate set by the Federal Open Market Committee (“Fed Funds
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Intuitive Machines, Inc. entered into Loan Documentation with Pershing LLC valued at $10 million (effective 2024-01-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Pershing LLC
- Value
- $10 million
- Effective
- 2024-01-10
Exact text from the filing
On January 10, 2024, Intuitive Machines, LLC (the “Company”) entered into a series of loan documents with Pershing LLC, an affiliate of Bank of New York Mellon, pursuant to which Pershing LLC agreed to an extension of credit in an amount not to exceed $10 million to the Company (the “Loan Documentation”).
View on SEC.gov