The US Bankruptcy Court gave an order to Zenergy Brands, Inc. to obtain DIP financing on final basis on January 13, 2020. As per the order, the debtor has been authorized to obtain a senior secured revolving credit facility in the amount of $5 million from TCA Global Credit Master Fund, LP of Trafalgar Capital Advisors LTD (TCA Special Situations Credit Strategies ICAV). The DIP loan would carry an interest rate of 14% p.a., along with an additional 10% p.a. interest in the event of default. As per the terms of the DIP agreement, the loan carries a commitment fee of 4% p.a. The DIP facility would mature either on 6 months from the effective date or upon prepayment of the revolving note by the borrower or the occurrence of an event of default and acceleration of the Revolving Note pursuant to this Agreement, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.13 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral.