Records / Funding events

micro1: Senior secured term loan financing

$20.75 million principal outstanding at 30 September 2026 (cost and fair value $20.232 million), against $10.875 million at 30 June 2026. Senior secured term loan from Hercules Capital, maturing June 2029, interest Prime + 3.50% with a 10.25% floor and a 4.00% exit fee. Hercules' warrant on micro1 common stock now covers 37,299 shares (cost $369 thousand, fair value $441 thousand), against 18,650 shares at 30 June. micro1 no longer appears in the 10-Q's table of unfunded commitments available at the borrower's request (it was listed at $10.875 million at 30 June), and the (17) mark for an unfunded commitment is gone from its row. The date is the balance date; the 10-Q does not show when the extra principal was drawn. The 10-Q does not mention Citi or micro1's $1 billion data-acquisition commitment.

Dated 30 Sep 2026Source checked 29 Oct 2026Basis: stated

A newer record of the same thing replaced this one, so it is kept as history and no figure counts it: micro1: Second lien senior secured term loan financing, $20.75 million principal outstanding at 30 September 2026 (cost and fair value $20.232 million), against $10.875 million at 30 June 2026. Hercules Capital's 10-Q marks the loan with its footnote (19), "second lien senior secured debt", and footnote (6), held through Hercules SBIC V, L.P., Hercules' wholly owned small business investment company. Maturity June 2029, interest Prime + 3.50% with a 10.25% floor and a 4.00% exit fee, as at 30 June; Hercules' warrant on micro1 common stock covers 37,299 shares. micro1 is no longer in the 10-Q's table of unfunded commitments available at the borrower's request (it was listed at $10.875 million at 30 June). The 10-Q gives no first-lien lender or amount for micro1 and does not mention Citi or micro1's $1 billion data-acquisition commitment. The date is the balance date; the 10-Q does not show when the extra principal was drawn..
In the source's own words
“micro1 Inc. Senior Secured June 2029 Prime + 3.50%, Floor rate 10.25%, 4.00% Exit Fee $ 20,750 20,232 20,232”
What it is about
Figures it counts in

None: a newer record replaced it.

micro1: Senior secured term loan financing | AIData.Broker