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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Nauticus Robotics Enters Up to $20MM Term Loan with Lender Group
Friday, September 22, 2023
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Lenders/Participants
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Transocean [Lender]
ATW Partners [Lender]
Material Impact [Lender]
RCB Equities [Lender]
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Structure
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Senior Secured Term Loan
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Amount
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$20.000
Million
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Borrower(s)
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Nauticus Robotics
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Description
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The Term Loan Agreement provides Nauticus with up to $20 million in secured term loans, of which $11.6 million has already been funded. The Loans are convertible at $6.00 per share of common stock, subject to certain customary anti-dilution adjustments as described in the Term Loan Agreement, at the option of each Lender, until the date that the Loans are no longer outstanding. The Company is actively discussing a larger round of capital with new investors, beyond the available capacity of the Term Loan Agreement, to support its service offering expansion.
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Industry
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Specialty Industries
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Location
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TX
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ABL Advisor
Deal Tables
2025
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