|
Quotes & Info
|
| RSOL > SEC Filings for RSOL > Form 8-K on 29-Aug-2012 | All Recent SEC Filings |
29-Aug-2012
Entry into a Material Definitive Agreement, Financial Statements and Exhib
On August 28, 2012, our wholly owned subsidiaries Real Goods Energy Tech, Inc., a Colorado corporation, Real Goods Trading Corporation, a California corporation, Earth Friendly Energy Group Holdings, LLC, a Delaware limited liability company, Alteris Renewables, Inc., a Delaware corporation, Earth Friendly Energy Group, LLC, a Delaware limited liability company, Solar Works, LLC, a Delaware limited liability company, Alteris RPS, LLC, a Delaware limited liability company and Alteris ISI, LLC, a Delaware limited liability company, entered into a First Loan Modification Agreement with Silicon Valley Bank (the "Loan Agreement Amendment") pursuant to which the parties thereto agreed to certain amendments to the Loan and Security Agreement, dated as of December 19, 2011, among them (the "Original Loan Agreement").
The Loan Agreement Amendment increased the interest rate accruing on borrowings to the greater of the bank's prime rate or 4.00%, plus 2.75% and also extended the maturity date to October 30, 2012. Before the Loan Agreement Amendment, borrowings accrued interest at the greater of the bank's prime rate or 4.00%, plus 1.75%, and the maturity date was August 31, 2012.
The foregoing descriptions of the Loan Agreement Amendment are qualified in their entirety by reference to the full text of the Loan Agreement Amendment, which is attached as Exhibit 10.1.
(d) Exhibits.
Exhibit No. Description of Exhibit
Exhibit 10.1 First Loan Modification Agreement, dated August 28, 2012, among
Real Goods Energy Tech, Inc., Real Goods Trading Corporation, Earth
Friendly Energy Group Holdings, LLC, Alteris Renewables, Inc.,
Earth Friendly Energy Group, LLC, Solar Works, LLC, Alteris RPS,
LLC, Alteris ISI, LLC and Silicon Valley Bank
|
|
|