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MindWalk secures binding commitment for USD 30 million unsecured revolving credit facility from Sanabil Cayman

PUBT·09/14/2026 12:46:16
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MindWalk secures binding commitment for USD 30 million unsecured revolving credit facility from Sanabil Cayman
  • MindWalk secured a binding commitment from Sanabil (Cayman) for a senior unsecured revolving credit facility of up to USD 30 million.
  • Fixed 7% annual interest accrues only on drawn amounts; initial term 36 months with a potential 12-month extension by agreement.
  • No financial maintenance covenants, warrants, equity conversion feature, or asset pledge; no material adverse change condition to closing.
  • Borrowings are optional; repayments carry no penalty; one-time 1% opening fee with no unused line fee.
  • Definitive credit agreement targeted within 60 days, consistent with the binding term sheet.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MindWalk Holdings Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260914920947) on September 14, 2026, and is solely responsible for the information contained therein.