Nauticus Robotics, Inc. (KITT): debt financing — Nauticus Robotics borrows additional $1M under existing senior secured term loan

Nauticus Robotics, Inc.

Incremental loan of $1,000,000 from lender ATW Special Situation III LLC under existing Term Loan Agreement.
Loan carries same terms as the ATW Extended Maturity Term Loan and matures on the 30th anniversary of the Jan 30, 2024 agreement.
Commitment schedule shows ATW III holds 50% of Extended Maturity Term Loan commitment ($1M) and ATW I holds the other 50% ($1M).
Company must pay a Minimum Return Fee on the incremental loan, due at maturity or full repayment of obligations.

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

Nauticus Robotics, Inc. incurred term loan of $1,000,000 with ATW Special Situation III LLC maturing 30th anniversary of the date of the Term Loan Agreement.

Instrument: term loan
Principal: $1,000,000
Counterparty: ATW Special Situation III LLC
Maturity: 30th anniversary of the date of the Term Loan Agreement
Event: incurrence

Exact text from the filing

ATW Special Situation III LLC, one of the lenders under the Term Loan Agreement, will loan an additional $1,000,000 (the "Incremental Loan") to the Company

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Nauticus Robotics, Inc. filing history →

Source: SEC EDGAR

accession 0001849820-24-000085

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