NextTrip amended its existing $3.0 million line of credit with Monaco Investment Partners II to extend the maturity to May 31, 2028. The facility, originally dated May 6, 2025, remains available to support liquidity and general corporate purposes. The amendment is a related-party transaction, as director Donald P. Monaco controls the lender, and was approved by the Board and Audit Committee.
Agreement details:
- Agreement type: Amendment extending maturity on $3 million line of credit
- Counterparty: Monaco Investment Partners II
- Signed / Effective: Jul 13 2026 / Jul 13 2026
- Duration / Termination: Until May 31 2028
- Reason: Extend maturity and maintain liquidity
Original SEC Filing:
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