SkyWater Technology repaid all outstanding amounts and terminated its Amended and Restated Loan and Security Agreement, a revolving credit facility led by Siena Lending Group, effective as of the merger closing. The company reported no material early termination penalties. The move streamlines SkyWater's capital structure following completion of the IonQ-related mergers.
Agreement details:
- Agreement terminated: Amended and Restated Loan and Security Agreement (revolving credit facility)
- Counterparty: Siena Lending Group and lenders
- Original agreement date: Jun 30 2025
- Termination date: Jul 31 2026
- Termination type: Early
- Exit fees / payments: None
- Reason: Repayment in connection with merger closing
Original SEC Filing:
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