Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 63

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1F
Chunk 63
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 be adjusted every five years thereafter to equal the five-year Treasury Constant Maturity Rate, as published by the Board of Governors of the Federal Reserve System as of the adjustment date, plus 5.00%. Other material terms of the AB2 Loan include: (i) payments of interest only to be paid in monthly installments beginning  August 15, 2023, (ii) payments of equal combined monthly installments of principal and interest beginning on  August 15, 2025, and (iii) a maturity date of  July 28, 2043, at which time the entire unpaid principal amount, together with accrued and unpaid interest thereon, shall become due and payable. The AB2 Loan contains certain financial covenants to be measured as of the last day of each fiscal year beginning fiscal year end 2025, and annually for the term of the loan. The AB2 Loan also contains other affirmative and negative covenants, representations and warranties, and events of default customary for loan agreements of this nature. As of both  March 31, 2025, and  December 31, 2024, the Company had $23.9 million outstanding and unamortized discount issuance costs of $0.8 million for each period, respectively, under the AB2 Loan. 
    
   Jessup land acquisition notes. In connection with the Company's acquisition of land in  November 2024, the Company entered into two installment note agreements with private lenders totaling $840 thousand with interest payable monthly at 11.99% per year. As of  March 31, 2025, and  December 31, 2024, the Company had outstanding balances under these agreements totaling $740 thousand and $840 thousand, respectively.
    
   Maturity Date Schedule
   The following table shows scheduled repayments for the Company’s debt obligations by year:

     Twelve Months ended March 31,   Debt Repayments  
 2026  $119,547 
 2027   167,263 
 2028   4,412 
 2029   3,579 
 2030   1,406 
 Thereafter   42,688 
 Total debt   338,895 
 Debt issuance costs   (2,604)
 Total debt, net of debt issuance costs  $336,291 

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