Loan & DebtJun 18, 2026, 08:12 AM
Our Bond Extends $3M Revolving Note Maturity to July 2027
AI Summary
Our Bond, Inc. extended the maturity date of its unsecured revolving note with ProdActive II, LLC by one year, from July 5, 2026, to July 7, 2027. The note, originally entered in July 2023, allows the company to borrow up to $3,000,000 at the Applicable Federal Rate. The extension ensures continued access to low-interest financing as needed, with the current outstanding balance at $0.
Key Highlights
- Maturity date of the unsecured revolving note extended to July 7, 2027.
- Original maturity date was July 5, 2026.
- Note allows borrowing up to $3,000,000.
- Interest rate is the IRS Applicable Federal Rate.
- Current outstanding balance under the note is $0.
- Extension ensures continued access to low-interest unsecured financing.
Price Impact
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