Lifeway Foods entered a Master Security Agreement and Interim Funding Agreement with CIBC Bank USA to finance or refinance equipment purchases up to $22 million. The interim funding runs through June 30, 2027, with interest payable monthly at 1-month Term SOFR plus 1.65%. Upon execution of a Collateral Schedule, outstanding advances will convert into an Equipment Guidance Line Note, amortizing monthly and maturing five years after the Conversion Date. The arrangement is intended to support ongoing capital investment in production assets.
Agreement details:
- Agreement type: Master Security Agreement and Interim Funding Agreement converting into an Equipment Guidance Line Note
- Counterparty: CIBC Bank USA
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: Interim funding through Jun 30 2027; Note matures 5 years after conversion
- Reason: Finance and refinance equipment purchases
Original SEC Filing:
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