Debt Financings

DZS INC. reported a default on debt.

“The commencement of the chapter 7 cases described in Item 1.03 of this Current Report on Form 8-K may trigger events of default under certain of the Company’s and the Subsidiaries’ contracts, agreements or debt instruments, which may result in termination of, or an acceleration of the Company’s and the Subsidiaries’ obligations under, such contracts, agreements or instruments.”

CBRE GROUP, INC. incurred term loan of $125 million with Wells Fargo Bank, National Association (administrative agent).

“the Borrower incurred incremental term loans (i) denominated in Euros in the aggregate principal amount of €425 million (the "2025 Incremental Euro Term Loans") and (ii) denominated in U.S. Dollars in the aggregate principal amount of $125 million (the "2025 Incremental USD Term Loans"”

CBRE GROUP, INC. incurred term loan of €425 million with Wells Fargo Bank, National Association (administrative agent).

“the Borrower incurred incremental term loans (i) denominated in Euros in the aggregate principal amount of €425 million (the "2025 Incremental Euro Term Loans") and (ii) denominated in U.S. Dollars in the aggregate principal amount of $125 million (the "2025 Incremental USD Term Loans"”

Celanese Corp incurred senior notes of $700,000,000 aggregate principal amount of its 6.500% Senior Notes due 2030 and $1,100,000,000 aggregate principal amoun at 6.500% for 2030 Notes, 6.750% for 2033 Notes, 5.000% for EUR Notes maturing 2030 for 2030 Notes, 2033 for 2033 Notes, 2031 for EUR Notes.

“On March 14, 2025, Celanese US Holdings LLC (“Celanese US” or the “Issuer”), a wholly owned subsidiary of Celanese Corporation (the “Company”), completed its concurrent registered offerings of $700,000,000 aggregate principal amount of its 6.500% Senior Notes due 2030 (the “2030 Notes”) and $1,100,000,000 aggregate principal amount of its 6.750% Senior Notes due 2033 (the “2033 Notes” and together with the 2030 Notes, the “USD Notes”), and €750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2031 (the “EUR Notes” and together with the USD Notes, the “Notes”).”

Forestar Group Inc. incurred senior notes of $500 million with U.S. Bank Trust Company, National Association at 6.500% per annum maturing March 15, 2033.

“completed an offering (the “Offering”) of $500 million in aggregate principal amount of its 6.500% Senior Notes due 2033”

REGO PAYMENT ARCHITECTURES, INC. amended credit facility of up to twenty million dollars ($20,000,000) with James Davison at 7% per annum maturing March 13, 2026.

“as modified by the Second Amendment (as modified, the “LOC Agreement”), the Lender may extend unsecured loans to the Company in the amount of up to twenty million dollars ($20,000,000) which may be drawn upon by the Company through March 13, 2026 in order to provide additional capital to facilitate the Company’s operations. Drawings may be made by the Company”

Booz Allen Hamilton Holding Corp incurred senior notes of $650,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 5.950% maturing 2035.

“On March 14, 2025, Booz Allen Hamilton Inc., a Delaware corporation (the "Company") and a wholly-owned subsidiary of Booz Allen Hamilton Holding Corporation, a Delaware corporation (the "Parent Guarantor"), issued $650,000,000 aggregate principal amount of its 5.950% Senior Notes due 2035”

Chord Energy Corp incurred senior notes of $750 million with Regions Bank at 6.750% maturing March 15, 2033.

“completed its previously announced offering of $750 million in aggregate principal amount of its 6.750% senior unsecured notes due 2033”

Vroom, Inc. incurred debt of $324,003,000 of asset-backed notes with Computershare Trust Company, N.A., as indenture trustee at 4.80%, 5.05%, 5.15%, 5.96%, 7.71%.

“es "): Notes Initial Principal Amount Interest Rate Class A $145,583,000 4.80% Class B $ 53,110,000 5.05% Class C $ 34,380,000 5.15% Class D $ 53,490,000 5.96% Class E $ 37,440,000 7.71% and (iv) as security for the Notes, the Trust pledged the Receivables to Computershare Trust Company, N.A., as indenture trustee for benefit of the noteholders (the " Indenture Trustee ").”

HINES GLOBAL INCOME TRUST, INC. incurred credit facility of $1.35 billion with JPMorgan Chase Bank, N.A. at Alternate Base Rate plus the Applicable Margin or Adjusted Term SOFR Rate plus t maturing March 12, 2028.

“of March 12, 2025 with JPMorgan Chase Bank, N.A. (“Chase”), as Administrative Agent, and the other lenders party thereto. The Credit Agreement provides for borrowings of up to $1.35 billion as follows: $650 million under a senior, unsecured revolving credit facility (the “Revolving Loan Commitment”) and $700 million under a senior, unsecured term loan (the “Term”

Wayfair Inc. amended credit facility with Citibank, N.A..

“LC, a subsidiary of Wayfair, as borrower (the “Borrower”), entered into that certain amended and restated credit agreement (the “Amended and Restated Credit Agreement”), among Wayfair, the Borrower, the lenders and letter of credit issuers parties thereto and Citibank, N.A., in its capacity as administrative agent, collateral agent and a letter of credit issuer.”

Wayfair Inc. incurred senior notes of $700 million aggregate principal amount with U.S. Bank Trust Company, National Association at 7.750% per annum maturing September 15, 2030.

“issued $700 million aggregate principal amount of 7.750% senior secured notes due 2030”

Donnelley Financial Solutions, Inc. amended credit facility of $115 million term loan A facility with JPMorgan Chase Bank, N.A. maturing March 13, 2030.

“to provide for a $115 million term loan A facility (the “Term Loan A Facility”), establish a $300 million revolving facility with a maturity date of March 13, 2030”

IMAC Holdings, Inc. incurred loan of aggregate principal amount of $101,500 with certain lenders (the "Lenders") maturing the earlier of (i) the date of consummation of any offering or offerings, individually or in the aggregate, of securities with gross proceeds of at least $1,000.

“Also on March 13, 2025, the Company issued promissory notes (the “March 13 Notes” and together with the Busch Note, the “Notes”) to certain lenders (the “Lenders”) in the aggregate principal amount of $101,500, for an aggregate purchase price from the Lenders of $72,500.”

IMAC Holdings, Inc. incurred loan of $27,500 with Jeffrey M. Busch, the Chair of the Board of Directors of the Company maturing the earlier of (i) the date of consummation of any offering or offerings, individually or in the aggregate, of securities with gross proceeds of at least $1,000.

“On March 13, 2025, IMAC Holdings, Inc. (the “Company”) issued a promissory note (the “Busch Note”) to Jeffrey M. Busch, the Chair of the Board of Directors of the Company, in the principal amount of $27,500, for a purchase price from Mr. Busch of $25,000.”

WinVest Acquisition Corp. incurred loan of $180,000 with WinVest SPAC LLC at does not bear interest maturing upon the earlier of (a) the closing of a Business Combination and (b) the Company's liquidation.

“or a Registrant. As previously disclosed, on December 16, 2024, WinVest Acquisition Corp. (the “Company”) issued an unsecured promissory note in the principal amount of $180,000 (the “Promissory Note”) to WinVest SPAC LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to loan to the Company up to $180,000 in”

Kyndryl Holdings, Inc. amended revolving credit of $3.15 billion with JPMorgan Chase Bank, N.A., as Administrative Agent and the lenders in this Amended Agreement maturing March 14, 2030.

“mong JPMorgan Chase Bank, N.A., as Administrative Agent and the lenders in this Amended Agreement (the “Revolving Lenders”),”

Alternus Clean Energy, Inc. faced acceleration on debt of $5.5 million with Sunrise Development LLC.

“As of March 10, 2025, Alternus Clean Energy, Inc. (the “Company”) breached its payment obligations under a settlement agreement by and between the Company and Sunrise Development LLC (“Sunrise”). As a result, approximately $5.5 million is immediately due and owed by the Company to Sunrise.”

Brightwood Capital Corp I amended credit facility of $100,000,000 with Webster Bank, N.A. at Term SOFR plus 2.40% per annum maturing October 11, 2030.

“The Amendment amends the LSA to (i) increase the aggregate commitment available under the LSA from $75,000,000 to $100,000,000, (ii) provide for a $10,000,000 swingline facility and (iii) reduce the interest rate from Term SOFR plus 2.50% per annum to Term SOFR plus 2.40% per annum.”

AMERICAN VANGUARD CORP amended credit facility with BMO Bank NA at Applicable Margin for SOFR Loans and Letter of Credit Fees set at 3.75%, the App.

“n (“Registrant”), as borrower, and affiliates (including Registrant), as guarantors and/or borrowers, entered into Amendment Number Eight to the Third Amended and Restated Loan and Security Agreement (the “Amendment”) with a group of commercial lenders led by BMO Bank NA (successor to the Bank of the West). The Amendment, among other things, modified the Maximum Total Leverage Ratio to 6.25 for the periods ending March 31, 2025 and June 30, 2025; 5.75 for the period ending September 30, 2025; and returning to 3.25 for the periods ending December 31, 2025, and thereafter.”

OLIN Corp incurred revolving credit of aggregate commitments in an amount equal to $1,200,000,000 with Bank of America, N.A., as administrative agent at margin ranging from 1.375% to 1.875% maturing March 14, 2030.

“senior unsecured revolving credit facility with aggregate commitments in an amount equal to $1,200,000,000”

OLIN Corp incurred credit facility of senior unsecured term loan facility in an aggregate principal amount of $650,000,000 with Bank of America, N.A., as administrative agent at margin ranging from 1.375% to 1.875% maturing March 14, 2030.

“The Replacement Credit Agreement provides the Registrant with a senior unsecured term loan facility in an aggregate principal amount of $650,000,000”

OLIN Corp incurred senior notes of $600,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 6.625% maturing April 1, 2033.

“On March 14, 2025, Olin Corporation (the “Registrant”) issued $600,000,000 aggregate principal amount of 6.625% Senior Notes due 2033”

DYNAVAX TECHNOLOGIES CORP incurred convertible notes of $225.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 2.00% per annum maturing March 15, 2030.

“Dynavax Technologies Corporation (the “Company”) issued $225.0 million aggregate principal amount of its 2.00% Convertible Senior Notes due 2030 (the “New Notes”)”

PUGET ENERGY INC /WA incurred senior notes of $600 million principal amount with Computershare Trust Company, National Association at 5.725% maturing March 15, 2035.

“the Company issued $600 million principal amount of 5.725% senior secured notes due 2035”

METLIFE INC incurred senior notes of $1,000,000,000 with The Bank of New York Mellon Trust Company, N.A. at 6.350% maturing due 2055.

“On March 13, 2025, MetLife, Inc. (the “Company”) issued $1,000,000,000 aggregate principal amount of its 6.350% Fixed-to-Fixed Reset Rate Subordinated Debentures due 2055”

LIBERTY STAR URANIUM & METALS CORP. incurred convertible notes of $61,600 with 1800 Diagonal Lending LLC at 8%, with a 10% Original Issue Discount maturing December 15, 2025.

“the Company agreed to issue a convertible promissory note (the “Note”) to 1800 Diagonal in the aggregate principal amount of $61,600”

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. amended lease obligation with Menlo Park Portfolio II, LLC maturing April 30, 2034.

“(the “Company”) entered into a Third Amendment to Lease (the “Lease Amendment”) with Menlo Park Portfolio II, LLC (“Lessor”) to amend the Lease by and between Lessor and the Company, dated July 22, 2015, as amended by the First Amendment to Lease, dated December 23, 2016, and as further amended by the Second Amendment to Lease, dated December 30, 2019 (collectively, the “Lease”), relating to the Company’s corporate headquarters, research and development facilities, and manufacturing and distribution centers in Menlo Park, California.”

Spirit Aviation Holdings, Inc. incurred senior notes of $840.0 million in aggregate principal amount at at 12.00% per annum, of which 8.00% per annum shall be payable in cash and 4.00% maturing March 12, 2030.

“On the Effective Date, certain subsidiaries of Former Spirit (the “Co-Issuers”) issued $840.0 million in aggregate principal amount of PIK toggle senior secured notes due 2030 (the “2030 Notes”)”

Spirit Aviation Holdings, Inc. incurred revolving credit of up to $300.0 million with Citibank, N.A. at Adjusted Term SOFR plus 3.25% per annum or Alternate Base Rate plus 2.25% per an maturing March 12, 2028.

“pursuant to which the Exit Revolving Credit Lenders agreed to provide Spirit a senior secured revolving credit facility of up to $300.0 million”

FIDUS INVESTMENT Corp incurred senior notes of $100.0 million aggregate principal amount with Raymond James & Associates, Inc. at 6.750% maturing due 2030.

“On March 12, 2025, Fidus Investment Corporation (the “Company”) entered into an underwriting agreement (the “ Underwriting Agreement ”) by and among the Company and Fidus Investment Advisors, LLC (the “Adviser”), on the one hand, and Raymond James & Associates, Inc., as representative of the several underwriters named in Exhibit A thereto, on the other hand, in connection with the issuance and sale of $ 100.0 million aggregate principal amount of the Company’s 6.750% Notes due 2030 (the “Notes”) and the issuance and sale of the Notes, the “Offering”).”

ALKAMI TECHNOLOGY, INC. incurred convertible notes of $345 million principal amount with U.S. Bank Trust Company, National Association at 1.50% per annum maturing March 15, 2030.

“On March 13, 2025, Alkami Technology, Inc. (the “ Company ”) issued $345 million principal amount of its 1.50% Convertible Senior Notes due 2030 (the “ Notes ”).”

OneMain Holdings, Inc. incurred senior notes of $600.0 million aggregate principal amount with HSBC Bank USA, National Association at 6.750% per annum maturing March 15, 2032.

“On March 13, 2025, OneMain Finance Corporation (“OMFC”), a direct subsidiary of OneMain Holdings, Inc. (“OMH,” “we,” “us” or “our”) issued $600.0 million aggregate principal amount of OMFC’s 6.750% Senior Notes due 2032 (the “Notes”) under an Indenture, dated as of December 3, 2014 (the “Base Indenture”), among OMFC, as issuer, OMH, as guarantor, and Wilmington Trust, National Association, as trustee, as amended and supplemented by a Twentieth Supplemental Indenture, dated as of March 13, 2025 (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among OMFC, OMH and HSBC Bank USA, National Association, as series trustee (the “Trustee”), pursuant to which OMH provided a guarantee of the Notes.”

Medicine Man Technologies, Inc. reported a default on loan of $11 million with SHWZ Altmore, LLC at simple interest per annum equal to 15% plus 4%.

“March 3, 2025, and such default interest continues to accrue during the continuance of the Event of Default. The current balance due under the Loan Agreement is approximately $11 million. On or around March 10, 2025, the Collateral Agent exercised control of certain of the Borrowers’ bank accounts pursuant to certain deposit account control agreements with the”

Purple Innovation, Inc. amended credit facility of increase in the initial principal amount of the senior secured term loan facility by $19.0 million with 2025 Term Loan Lenders at bear interest at the same rate as the Initial Loan.

“The Amendment, among other things, provides for an increase in the initial principal amount of the senior secured term loan facility by $19.0 million (the “Incremental Loan”) from an aggregate principal amount of up to $61.0 million (the “Initial Loan”) to an initial aggregate principal amount of up to $80.0 million (the “Loan”)”

Strategic Storage Trust VI, Inc. incurred loan of $147.0 million with QuadReal Finance LP at annual fixed rate equal to 5.59% maturing April 1, 2030.

“(the “Company”), through certain wholly-owned subsidiaries (the “Borrowers”), entered into a CAD $164.5 million financing (the “Loan”) whereby QuadReal Finance LP (“QuadReal”) acts as the servicer and certain affiliates of QuadReal serve as the lender (“Lenders”).”

Strategic Storage Trust VI, Inc. incurred loan of CAD $164.5 million with QuadReal Finance LP at annual fixed rate equal to 5.59% maturing April 1, 2030.

“Definitive Agreement. On March 7, 2025, Strategic Storage Trust VI, Inc. (the “Company”), through certain wholly-owned subsidiaries (the “Borrowers”), entered into a CAD $164.5 million financing (the “Loan”) whereby QuadReal Finance LP (“QuadReal”) acts as the servicer and certain affiliates of QuadReal serve as the lender (“Lenders”). Please see Item 2.03”

Maison Solutions Inc. amended senior notes at an annual rate of eight percent (8%) maturing May 11, 2026.

“On March 12, 2025, the Company entered into a note modification agreement dated March 12, 2025”

Maison Solutions Inc. incurred convertible notes of $3,000,000 with an institutional investor at original issue discount of eight and a half percent (8.5%) maturing March 12, 2027.

“and sell to the Investor, and the Investor agreed to purchase from the Company, (i) a senior unsecured convertible promissory note in the aggregate original principal amount of $3,000,000 with an original issue discount of eight and a half percent (8.5%) (the “Initial Note”), convertible into shares (the “Conversion Shares”) of Class A common stock, $0.0001 par”

ONEMAIN FINANCE CORP incurred senior notes of $600.0 million with underwritten public offering at 6.750% maturing March 15, 2032.

“On March 13, 2025, OneMain Finance Corporation (“OMFC,” “we,” “us” or “our”) issued $600.0 million aggregate principal amount of our 6.750% Senior Notes due 2032 (the “Notes”) under an Indenture, dated as of December 3, 2014 (the “Base Indenture”), among OMFC, as issuer, OneMain Holdings, Inc., the direct sole shareholder of OMFC (“OMH”), as guarantor, and Wilmington Trust, National Association, as trustee, as amended and supplemented by a Twentieth Supplemental Indenture, dated as of March 13, 2025 (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among OMFC, OMH and HSBC Bank USA, National Association, as series trustee (the “Trustee”), pursuant to which OMH provided a guarantee of the Notes.”

TEAM INC incurred term loan of $107,413,198.18 second lien term loan with Corre Partners Management, LLC.

“Available funding commitments to the Company under the Second A&R Second Lien Term Loan Agreement, subject to certain conditions, include a $107,413,198.18 second lien term loan (the "Second Lien Term Loans") provided by Corre Partners Management, LLC and certain of its affiliates”

TEAM INC incurred term loan of $225 million senior secured first lien term loan with HPS Investment Partners, LLC at Secured Overnight Financing Rate ... plus a margin of 6.50% per annum maturing March 12, 2030.

“Available funding commitments to the Company under the First Lien Term Loan Agreement include a $225 million senior secured first lien term loan (the "First Lien Term Loan") consisting of a $175 million initial term loan tranche (the "Initial First Lien Term Loans") and a $50 million delayed draw term loan tranche (the "First Lien Delayed Draw Term Loans")”

HUNT J B TRANSPORT SERVICES INC incurred senior notes of $750 million with Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC at 4.900% maturing March 15, 2030.

“On March 11, 2025, J.B. Hunt Transport Services, Inc. (the “Company”), and its wholly-owned subsidiary, J.B. Hunt Transport, Inc. (“Transport”), as guarantor, entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters, for the issuance and sale by the Company of $750 million in aggregate principal amount of its 4.900% Senior Notes due 2030 (the “Notes”).”

Novelis Inc. incurred term loan of $1,250,000,000 with Citibank, N.A. at one, three or six-month Term SOFR, as applicable, plus 2.00% maturing March 11, 2032.

“On March 11, 2025, Novelis Inc. (the "Company") entered into a credit agreement (the "Term Loan Credit Agreement") by and among Novelis Holdings Inc., as borrower, Novelis Inc. and the other guarantors party thereto, the lenders party thereto, and Citibank, N.A., as administrative agent and collateral agent (the "Agent"). The Term Loan Credit Agreement provided the Company with $1,250,000,000 of commitments, which the Company borrowed in full (such borrowing, the "Term Loan") on March 11, 2025.”

Transportation & Logistics Systems, Inc. incurred loan of $100,000 with C/M Capital Master Fund, LP at 10% per annum maturing six months.

“On March 10, 2025, Transportation and Logistics Systems, Inc. (the “ Company ”, “ we ”, “ us ” or “ our ”) entered into an unsecured non-convertible promissory note (the “ Note ”) in the principal amount of $100,000, with interest at the rate of 10% per annum accruing and due at maturity in six months, with C/M Capital Master Fund, LP (the “ Lender ”) for the primary purpose of funding a portion of the costs related to: (i) the completion of the Company’s 2024 annual financial statements and audit by the Company’s independent auditor and 2025 first quarter financial statements and independent auditor review; (ii) preparation and submission of any requisite filings with the Securities and Exchange Commission and the OTC Expert Market; (iii) such tax-related and other activities as may be necessary or legally required from time to time to restore the Company to good standing with requisite taxing authorities; and (iv) fees for routine litigation matters in the ordinary course of business”

AB Private Credit Investors Corp incurred debt of $18,980,000 with U.S. Bank Trust Company, National Association at do not bear interest maturing January 27, 2037.

“nd together with the Issuer, the “ Co-Issuers ”), each a special purpose vehicle and each a wholly-owned subsidiary of AB Private Credit Investors Corporation (the “ Fund ”), executed that certain amended and restated indenture by and among the Co-Issuers and U.S. Bank Trust Company, National Association (the “ Refinancing CLO Transaction ”) to redeem all of the outstanding secured notes (the “ Existing Secured Notes ”) issued by the Co-Issuers pursuant to that certain original indenture, dated as of August 9, 2019, as amended by that certain First Supplemental Indenture, dated as of April 28, 2022 and that certain Second Supplemental Indenture, dated as of March 8, 2024, with the proceeds from the private placement of new Debt offered by the Co-Issuers in the Refinancing CLO Transaction (the “ Refinancing Debt ”).”

AB Private Credit Investors Corp incurred senior notes of $21,000,000 with U.S. Bank Trust Company, National Association at SOFR plus 1.70% per annum maturing January 27, 2037.

“$21,000,000 of Class B-RR Senior Secured Floating Rate Notes, which bear interest at SOFR plus 1.70% per annum”

AB Private Credit Investors Corp incurred debt of $28,000,000 with U.S. Bank Trust Company, National Association at SOFR plus 2.00% per annum maturing January 27, 2037.

“$28,000,000 of Class C-RR Secured Deferrable Floating Rate Notes, which bear interest at SOFR plus 2.00% per annum”

AB Private Credit Investors Corp incurred loan of $100,000,000 with U.S. Bank Trust Company, National Association at three-months SOFR plus 1.40% per annum maturing January 27, 2037.

“$100,000,000 of Class A-1L-R Senior Secured Floating Rate Loans, which bear interest at three-months SOFR plus 1.40% per annum”

AB Private Credit Investors Corp incurred senior notes of $103,000,000 with U.S. Bank Trust Company, National Association at three-months SOFR plus 1.40% per annum maturing January 27, 2037.

“$103,000,000 of Class A-1-RR Senior Secured Floating Rate Notes, which bear interest at three-months SOFR plus 1.40% per annum”