Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 390

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 390
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2.75% to 3.50%, resulting in an effective interest rate of approximately 7.7% as of December 31, 2024 and June 30, 2025. Principal payments are due on the last day of each calendar quarter, as set forth below (in thousands):

| ​ | September 30, 2024 through September 30, 2025 | ​ | ​ | ​ | $ |    1,625 | ​ | ​ |
| ​ | December 31, 2025 through June 30, 2026       | ​ | ​ | ​ | $ |  2,563.5 | ​ | ​ |
| ​ | September 30, 2026 thru June 30, 2027         | ​ | ​ | ​ | $ | 3,843.75 | ​ | ​ |
| ​ | September 30, 2027 and thereafter             | ​ | ​ | ​ | ​ |    5,125 | ​ | ​ |

Revolving Loan The Credit Agreement also provided for a revolving loan (“Revolving Loan”) with a commitment and borrowing base of $15.0 million. The Loan Amendment increased the commitment for the Revolving Loan by $10.0 million. The Revolving Loan is secured by the Collateral and the Lenders have the right in the future to request liens on Material Real Property. Balances outstanding under the Revolving Loan bear interest at the SOFR plus an applicable margin ranging from 2.75% to 3.50%, which was 7.7% as of December 31, 2024. Principal and any accrued interest is due at maturity on July 29, 2029. At December 31, 2024, the Company had $4.2 million of borrowings outstanding under the Revolving Loan. In addition, a letter of credit in the amount of $0.4 million was outstanding, leaving $10.4 million available under the Revolving Loan. As of June 30, 2025, there were no borrowings outstanding under the Revolving Loan, with $15.0 million of availability remaining. The applicable interest rate on the Term Loan was 7.7%. There were no material changes to the terms of the Credit Agreement or covenant compliance status during the interim period. Covenants The Credit Agreement includes customary affirmative and negative covenants that restrict our ability to, among other things, incur additional indebtedness, create li