Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 68

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 68
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 the Revolving Credit Facility. 

   C. Revolving Notes Series B. The Revolving Notes Series B accrue interest at prime rate plus 13.75% (21.00% as of  September 30, 2025) payable monthly in arrears and mature on  April 1, 2026. As of  September 30, 2025, we had $81.6 million in principal, interest and waiver fees outstanding and $0.5 million in unamortized debt issuance costs under the Revolving Notes Series B. 

    D.   Revenue Participation Term Notes. The Revenue Participation Term Notes accrue interest at 5% per annum and mature on  April 1, 2026. As of  September 30, 2025, we had $12.3 million in principal and interest outstanding under the Revenue Participation Term Notes and $57.8 thousand in unamortized debt issuance costs. 

    E.  Acquisition Term Notes. The Acquisition Term Notes accrue interest at prime rate plus 10.75% (18.00% as of  September 30, 2025) and mature on  April 1, 2026. As of  September 30, 2025, we had $27.1 million in principal, interest and redemption fees outstanding under the Acquisition Term Notes and $0.1 million in unamortized debt issuance costs. The outstanding principal balance includes a $7.5 million redemption fee which is not subject to interest. 

       10

        (Tabular data in thousands, except par value and per share data)

   The Third Eye Capital Keyes Notes contain various covenants, including but not limited to, debt to plant value ratio, minimum production requirements, and restrictions on capital expenditures. The terms of the Notes allow the lender to accelerate the maturity in the event of a default that could reasonably be expected to have a material adverse effect on the Company, such as any change in the business, operations, or financial condition. We have evaluated the likelihood of such an acceleration event and determined such an event to not be probable in the next twelve months. The notes allow interest to be added to the outstanding principal balance. The notes are secured by first priority liens on all real and personal property of, assignment of proceeds from all government grants, and guarantees from our North American subsidiaries except for Aemetis Biog