Mynaric Increases USD 75 million Borrowing Capacity on Loan Agreement by USD 20 million [Yahoo! Finance]
Mynaric AG (MYNA)
Company Research
Source: Yahoo! Finance
decided on an amendment to its existing US$75 million loan agreement with its US-based lenders, which are funds affiliated with a U.S.-based global investment management firm (the "Lenders"), to increase the borrowing capacity on the loan agreement by US$20 million utilizing a delayed draw facility provided on substantially the same terms and conditions as the existing term loan facility. As is the case for the existing term loan facility, the borrower under the delayed draw facility will be the Company's wholly-owned subsidiary, Mynaric USA Inc. The US$20 million delayed draw facility is available until September 2025 and, as is the case for the existing term loan facility, loans drawn thereunder will be guaranteed by the Company and each of its subsidiaries, and will be secured by a security interest in substantially all of the assets of the borrower and each of the guarantors. Loans under the delayed draw facility will bear interest at the same rate as is applicable to loans unde
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MYNA
Sec Filings
- 4/3/24 - Form 6-K
- 4/1/24 - Form 6-K
- 3/14/24 - Form 6-K
- MYNA's page on the SEC website