Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 16

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 $25 million. The loan is secured by all personal and real property of AB2. The loan bears interest at a rate of 8.75% per annum, to 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) monthly payments of interest only beginning  August 15, 2023, (ii) equal monthly payments of principal and interest beginning  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, is 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  September 30, 2025, and  December 31, 2024, AB2 had $25.1 million and $23.9 million outstanding, respectively, and unamortized discount issuance costs of $0.8 million and for both periods, under the AB2 Loan. 
    
   Jessup land acquisition notes. In connection with its acquisition of real property in  November 2024, the Company's subsidiary Aemetis RNG Fuels 1 LLC ("RNG1") entered into two installment note agreements with private lenders totaling $840 thousand with interest payable monthly at 11.99% per year. As of  September 30, 2025, and  December 31, 2024, RNG1 had outstanding balances under these agreements totaling $550 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 September 30,   Debt Repayments  
 2026  $286,715 
 2027   20,010 
 2028   1,524 
 2029   1,405 
 2030   1