---
schema_version: "secwatch.filing_event.v1"
accession: "0001844452-24-000008"
form_type: "8-K"
ticker: "LUNR"
cik: "0001844452"
company_name: "Intuitive Machines, Inc."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:26:37.864178+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Intuitive Machines secures $10M short-term credit facility due Feb 22, 2024

## Summary
- Credit facility of up to $10M from Pershing LLC (BNY Mellon affiliate) for working capital.
- Interest at Fed Funds Rate with 5.5% floor plus 0.9% margin; maturity Feb 22, 2024.
- Ghaffarian Enterprises provided credit support backed by marketable securities.
- Intuitive Machines agreed to pay a $148K credit support fee to Ghaffarian Enterprises.

## SEC filing metadata
- accession: 0001844452-24-000008
- form_type: 8-K
- ticker: LUNR
- cik: 0001844452
- company_name: Intuitive Machines, Inc.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844452/000184445224000008/0001844452-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844452/000184445224000008/lunr-20240116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001844452-24-000008
- JSON: https://secwatch.observer/filing/0001844452-24-000008.json
- Plain text: https://secwatch.observer/filing/0001844452-24-000008.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844452/000184445224000008/0001844452-24-000008-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844452/000184445224000008/0001844452-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.