Risk Factors Update Summary
- The credit facility with Public Company A matured without repayment, resulting in a realized loss of approximately $1.2 million and an expected credit loss reserve of $1.1 million.
- The outstanding principal amount for the Public Company A loan is approximately $2.0 million as of December 31, 2023.
- The loan participations involving Public Company A were placed on non-accrual status.
- The borrowers are currently in default under their respective loan agreements, potentially leading to foreclosure.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1822523&owner=exclude
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