Brenmiller Energy Amends EIB Credit Facility for Offering
Ticker: BNRG · Form: 6-K · Filed: Dec 4, 2024 · CIK: 1901215
Sentiment: bullish
Topics: debt, financing, amendment
TL;DR
Brenmiller Energy got the green light from EIB on their loan for the upcoming offering. Big win.
AI Summary
On November 27, 2024, Brenmiller Energy Ltd. amended its credit facility agreement with The European Investment Bank (EIB), originally dated March 31, 2021. The EIB's consent and amended provisions will help the Company close an upcoming offering.
Why It Matters
This amendment signals continued support from a major financial institution, potentially de-risking the upcoming offering and providing capital for Brenmiller's operations.
Risk Assessment
Risk Level: low — The filing is a routine amendment to an existing credit facility, indicating a positive step rather than a significant new risk.
Key Players & Entities
- Brenmiller Energy Ltd. (company) — The company filing the report and amending the agreement.
- The European Investment Bank (company) — The financial institution that amended the credit facility.
- November 27, 2024 (date) — Date the amendment was signed.
- March 31, 2021 (date) — Original date of the EIB credit facility agreement.
FAQ
What is the primary purpose of the amendment to the EIB credit facility agreement?
The amendment's primary purpose is to facilitate the Company's ability to close an upcoming offering.
Who are the parties involved in the amended credit facility agreement?
The parties involved are Brenmiller Energy Ltd. and The European Investment Bank (EIB).
When was the original credit facility agreement between Brenmiller Energy and the EIB dated?
The original agreement was dated March 31, 2021.
On what date was the amendment to the credit facility agreement signed?
The amendment was signed on November 27, 2024.
What specific action did the EIB take regarding the credit facility agreement?
The EIB provided its consent and amended certain provisions of the EIB Agreement.
Filing Stats: 559 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-12-04 08:35:23
Key Financial Figures
- $1.05 million — Anstalt for aggregate gross proceeds of $1.05 million (the “Offering”). The Ordin
- $1.05 Million — tled “Brenmiller Energy Closes on $1.05 Million Private Placement with Existing Institu
Filing Documents
- ea0222925-6k_brenmiller.htm (6-K) — 15KB
- ea0222925ex10-1_brenmiller.htm (EX-10.1) — 36KB
- ea0222925ex99-1_brenmiller.htm (EX-99.1) — 9KB
- 0001213900-24-105260.txt ( ) — 60KB
SIGNATURES
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, thereunto duly authorized. Brenmiller Energy Ltd. Date: December 4, 2024 By: /s/ Avraham Brenmiller Name: Avraham Brenmiller Title: Chief Executive Officer 3