Montauk Renewables Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On March 5, 2025, Montauk Renewables, Inc. (“Montauk”) entered into the Fifth Amended and Restated Loan Agreement and Secured Promissory Note (the “MNK Amendment”), by and between Montauk and Montauk Holdings Proprietary Limited (“MNK”), previously Montauk Holdings Limited, amending and restating in its entirety the Fourth Loan Agreement and Secured Promissory Note, as amended (the “MNK Loan Agreement”). The MNK Amendment increases the principal amount of the loan from its current balance of $10,040,000 to a total of $10,690,000, in the aggregate. The terms of the MNK Amendment are otherwise substantially similar to the MNK Loan Agreement.
As previously disclosed, Montauk entered into the MNK Loan Agreement in accordance with its obligations set forth in the Transaction Implementation Agreement entered into by and among Montauk, MNK and the other party thereto, in connection with Montauk’s initial public offering.
The foregoing summary of the MNK Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement, which is included as Exhibit 10.1, to this Current Report on Form 8-K and incorporated herein by reference.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth under Item 1.01 above is incorporated into this Item 2.03 by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 10.1 | Fifth Amended and Restated Loan Agreement and Secured Promissory Note, dated as of March 5, 2025, by and between Montauk Renewables, Inc. and Montauk Holdings Proprietary Limited | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MONTAUK RENEWABLES, INC. | ||||||
| Date: March 7, 2025 | By: | /s/ John Ciroli | ||||
| Name: | John Ciroli | |||||
| Title: | Chief Legal Officer | |||||