Company: RNGE
Filing Date: 2025-11-19
Form Type: 424B3
Source: 0001493152-25-024206
Chunk: 28

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-19
Form: 424B3
Chunk 28
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 the Company secured a bank line of credit with a limit of $1,000,000. In November 2023, the parties amended and restated this line of credit. The line of credit, as amended, had a maturity date of December 31, 2025, and bears interest at the fixed rate of eight and three-quarters percent (8.75%). This line of credit was refinanced and replaced by a non-revolving note in September 2025. As of December 31, 2024, the balance due under the line of credit was $1,000,000.

In June 2023, Range Environmental secured a bank loan with a limit of $1,000,000. In November 2023, the loan amount was increased to $1,400,000. Principal and accrued interest payments are required in March, June, September and December. The loan had a maturity date of December 31, 2025, and bears interest at the fixed rate of seven and three-quarters per cent (7.75%). This bank loan was refinanced and replaced by a non-revolving note in September 2025. As of December 31, 2024, the balance due under the loan was $1,000,000.

In September 2025, the Company consolidated both of the above-referenced credit facilities into a single non-revolving note in the principal amount of $1,800,000 with a maturity date of June 30, 2030. The note bears interest at the fixed rate of seven and three-quarters per cent (7.75%). Quarterly interest only payments are required through December 2025. Beginning in 2026, quarterly principal and interest payments are required in March, June, September and December.

9. LONG-TERM DEBT OBLIGATIONS

Long-term debt consists of debt on equipment, which serves as the collateral. Interest rates on the equipment financings range from 6.2% to 7.2% for 2025 and mature between 2027 through 2029.

As described in Note 4, in August 2024, the Collins Building debt was cancelled in exchange for the property and substantially all of the equipment acquired in the original transaction. The Collins Building debt consisted of a five 5-year secured promissory note with an original principal amount of $2,000,000, bearing interest at 7.0% per annum (the “First Promissory Note”), and a