Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 57

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1F
Chunk 57
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 agreement to notes (the “Revenue Participation Term Notes”); and (iv) senior secured term loans in an aggregate principal amount of $15.0 million (the “Acquisition Term Notes”) used to fund the cash portion of the acquisition of Cilion, Inc. On  May 16, 2023, Third Eye Capital and the Company entered into a new Revolving Notes Series B agreement related to certain existing principal under the Revolving Credit Facility and for subsequent principal increases. The Term Notes, Revolving Credit Facility, Revolving Notes Series B, Revenue Participation Term Notes, and Acquisition Term Notes are referred to herein collectively as the "Third Eye Capital Keyes Notes." The Third Eye Capital Keyes Notes have been amended several times, and the current key terms are as follows:
    
    A.  Term Notes. The Term Notes accrue interest at 14% per annum and mature on  April 1, 2026. As of  March 31, 2025, the Company had $7.3 million in principal and interest outstanding under the Term Notes and $67.5 thousand unamortized debt issuance costs.  

    B.  Revolving Credit Facility. The Revolving Credit Facility accrues interest at prime rate plus 13.75% (21.25% as of  March 31, 2025) payable monthly in arrears and matures on  April 1, 2026. As of  March 31, 2025, the Company had $27.9 million in principal and interest and waiver fees outstanding and $0.4 million unamortized debt issuance costs under the Revolving Credit Facility. 

   C. Revolving Notes Series B. The Revolving Notes Series B accrue interest at prime rate plus 13.75% (21.25% as of  March 31, 2025) payable monthly in arrears and mature on  April 1, 2026. As of  March 31, 2025, the Company had $73.0 million in principal and interest and waiver fees outstanding and $1.0 million 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