New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
HPS Corporate Lending Fund incurred revolving credit of from $1,275,000,000 to $1,300,000,000 with Deutsche Bank AG New York Branch.
“The Commitment Increase Agreement provides for an increase in the Increasing Lender’s commitment, thereby bringing aggregate commitments of the lenders under the Revolving Credit Facility from $1,275,000,000 to $1,300,000,000 through the accordion feature in the Revolving Credit Facility.”
AST SpaceMobile, Inc. incurred convertible notes of $110.0 million with AT&T Venture Investments, LLC, Google LLC, and Vodafone Ventures Limited at 5.50% per year maturing ten-year term.
“the Company entered into a Convertible Security Investment Agreement (the "Investment Agreement") with AT&T, Google and Vodafone. Pursuant to the Investment Agreement, the Investors have agreed to purchase the Company’s subordinated convertible notes for an aggregate principal amount of $110.0 million”
BridgeBio Pharma, Inc. incurred term loan of $450,000,000 with Blue Owl Capital Corporation, as administrative agent at Term SOFR plus 6.75% maturing January 17, 2029.
“On the Closing Date, the Company entered into a Financing Agreement (the “Financing Agreement”) with certain of its subsidiaries party thereto as guarantors, the lenders party thereto (the “Lenders”) and Blue Owl Capital Corporation, as administrative agent for the Lenders (the “Administrative Agent”). Pursuant to the terms and conditions of the Financing Agreement, the Lenders have agreed to extend a senior secured credit facility to the Company in an aggregate principal amount of up to $750,000,000, comprised of (i) an initial term loan in an aggregate principal amount of $450,000,000 (the “Initial Term Loan”)”
Blue Owl Capital Corp II incurred credit facility of $25,000,000 initial term loan and up to $225,000,000 revolving credit facility with Sumitomo Mitsui Banking Corporation at term SOFR plus a margin, or the prime rate plus a margin maturing January 12, 2029.
“The Facility provides for a term loan in an initial amount of $25,000,000 and a revolving credit facility in an initial amount of up to $225,000,000”
Appgate, Inc. incurred convertible notes of $4,000,000 with Magnetar Financial LLC at Not specified maturing Not specified (under existing notes due 2026).
“On January 11, 2024, the Lenders exercised their option to purchase an aggregate amount of $4,000,000 of Additional Notes. As a result, Appgate received $4,000,000 in gross proceeds.”
GLOBAL PARTNERS LP incurred senior notes of $450.0 million aggregate principal amount with Regions Bank at 8.250% per annum maturing January 15, 2032.
“completed their previously announced private placement of $450.0 million aggregate principal amount of the Issuers’ 8.250% senior notes due 2032”
REGENCY CENTERS LP amended revolving credit of $1.50 billion with Wells Fargo Bank, National Association at SOFR plus a margin that is determined based on the borrower’s long-term unsecure maturing four years (plus two six-month extension options).
“The Credit Agreement provides for an unsecured revolving credit facility in the amount of $1.50 billion for a term of four years (plus two six-month extension options) and includes an accordion feature which permits the borrower to request increases in the size of the revolving loan facility by up to an additional $1.50 billion.”
R1 RCM Inc. /DE incurred term loan of $575,000,000 with Bank of America, N.A., as administrative agent, and the lenders named therein.
“the lenders named in the Second Amendment agreed, severally and not jointly, to extend additional Initial Term B Loans (as defined in the Credit Agreement) (the “Incremental Term B Loans”) to the Company under the Credit Agreement in an aggregate principal amount equal to $575,000,000”
WinVest Acquisition Corp. incurred loan of $55,000 with WinVest SPAC LLC.
“On January 17, 2024, the Company effected the second drawdown of $55,000 under the Promissory Note and caused the Sponsor to deposit such sum into the Trust Account in connection with the extension of the Termination Date from January 17, 2024 to February 17, 2024.”
Hilton Grand Vacations Inc. incurred senior notes of $900,000,000 aggregate principal amount of 6.625% senior secured notes due 2032 with Deutsche Bank Securities, Inc. at 6.625% per year maturing 2032.
“On January 17, 2024, the Issuer, Hilton Grand Vacations Borrower Inc. (the “Co-Issuer” and, together with the Issuer, the “Issuers”), HGV, Holdings, the Subsidiary Guarantors (and, together with the Company and HGV Intermediate Parent, the “Guarantors”) and Wilmington Trust, National Association, as trustee (the “Trustee”) and notes collateral agent (the “Notes Collateral Agent”), entered into an indenture (the “Indenture”) in connection with the issuance and sale (the “Offering”) of $900,000,000 aggregate principal amount of 6.625% senior secured notes due 2032 (the “Notes”) to Deutsche Bank Securities, Inc. and certain other initial purchasers (collectively, the “Initial Purchasers”).”
Hilton Grand Vacations Inc. incurred term loan of $900.0 million incremental term loans with Bank of America, N.A. at Base Rate plus 1.75% per annum or Term SOFR plus 2.75% per annum maturing January 17, 2031.
“On January 17, 2024, Hilton Grand Vacations Inc., a Delaware corporation (the “Company” or “HGV”), Hilton Grand Vacations Parent LLC, a Delaware limited liability company (“Holdings”), Hilton Grand Vacations Borrower LLC, a Delaware limited liability company (the “Borrower” or “Issuer”), and certain subsidiaries of the Borrower (the “Subsidiary Guarantors”), entered into Amendment No. 4 to the Credit Agreement (the “Amendment”), which amended the Credit Agreement, dated as of August 2, 2021, by and among the Company, Holdings, the Borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent and collateral agent (the “Credit Agreement”), pursuant to which, among other things, the Borrower incurred $900.0 million of incremental term loans (the “New Term Loans”).”
ALPINE 4 HOLDINGS, INC. amended debt with AEC.
“("Alt Labs," and together with the Borrowers and AEC, the "Parties") entered into a First Amendment (the "AEC First Amendment") to the Standard Merchant Cash Advance Agreement between AEC and the Borrowers (the AEC Cash Advance Agreement").”
BERRY GLOBAL GROUP, INC. incurred senior notes of $800,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 5.650% maturing January 15, 2034.
“issued $800,000,000 aggregate principal amount of BGI's 5.650% First Priority Senior Secured Notes due 2034”
BranchOut Food Inc. incurred senior notes of $400,000 of Senior Secured Promissory Notes with Eagle Vision Fund LP at 15% per annum maturing December 31, 2024.
“On January 10, 2024, BranchOut Food Inc. (the “Company”) completed the sale of $400,000 of Senior Secured Promissory Notes (“Notes”) and Warrants”
Optimus Healthcare Services, Inc. reported a default on convertible notes of $2,200,000 with Noteholders maturing May 25, 2024 and June 7, 2024.
“purchase agreement with certain institutional investors (the “Noteholders”) pursuant to which the Company issued convertible notes in an aggregate principal amount of $ 2,200,000 for an aggregate purchase price of $ 2 million ( the “May 2021 Notes”). On June 7, 2022, the Company entered into a securities purchase agreement with certain”
Kairous Acquisition Corp. Ltd incurred loan of $50,000 with Kairous Asia Limited at does not bear interest maturing upon the closing of a business combination by the Company.
“On January 10, 2024, Kairous Acquisition Corp. Limited (the “Company” or “Kairous”) issued an unsecured promissory note in the aggregate principal amount of $50,000 (the “Note”) to Kairous Asia Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination. The Note does not bear interest and matures upon the closing of a business combination by the Company.”
AP Acquisition Corp incurred loan of up to $500,000 with Payee at bears no interest maturing promptly after the date on which the Company consummates an initial business combination.
“On January 12, 2024, the Company issued a promissory note (the “Working Capital Loan Note”) in the principal amount of up to $500,000 to the Payee.”
Intuitive Machines, Inc. incurred credit facility of not to exceed $10 million with Pershing LLC at target interest rate set by the Federal Open Market Committee, subject to a 5.5% maturing February 22, 2024.
“a series of loan documents with Pershing LLC, an affiliate of Bank of New York Mellon, pursuant to which Pershing LLC agreed to an extension of credit in an amount not to exceed $10 million to the Company (the “Loan Documentation”). Borrowings under this credit facility bear interest at the target interest rate set by the Federal Open Market Committee (“Fed Funds”
Odyssey Semiconductor Technologies, Inc. incurred convertible notes of $190,000 with Nina and John Edmunds 1998 Family Trust dated January 27, 1998 at ten percent (10%) per annum, on a non-compounding basis maturing the earlier of (i) the date upon which the Promissory Note is converted into equity securities of the Company, or (ii) June 30, 2025.
“On January 11, 2024, Odyssey Semiconductor Technologies, Inc. (the “Company”) issued a secured convertible promissory note in the amount of $190,000 (the “Promissory Note”) to the Nina and John Edmunds 1998 Family Trust dated January 27, 1998 (the “Edmunds Trust”), of which the Company’s Chairman, John Edmunds, is the trustee.”
TALOS ENERGY INC. incurred credit facility of $650,000,000.
“we have received a $650,000,000 commitment for a bridge credit facility from a syndicate of lenders, including some of the lenders under our Bank Credit Facility, to be used to fund the cash portion of the consideration for the Merger.”
Antero Midstream Corp incurred senior notes of $600,000,000 in aggregate principal amount with Computershare Trust Company, N.A. at 6.625% maturing due 2032.
“On January 16, 2024, Antero Midstream Corporation’s (the “Company”) indirect, wholly owned subsidiaries, Antero Midstream Partners LP (“Antero Midstream Partners”) and Antero Midstream Finance Corporation (“Finance Corp.” and together with Antero Midstream Partners, the “Issuers”) completed the previously announced private placement (the “Offering”) of $600,000,000 in aggregate principal amount of their 6.625% Senior Notes due 2032 (the “Notes”).”
Five Point Holdings, LLC incurred senior notes of $523,494,301 aggregate principal amount of New Notes at 10.500% per annum ... to ... November 15, 2025, 11.000% per annum ... to ... Nov maturing January 15, 2028.
“exchanged $623,500,000 aggregate principal amount of Existing Notes, which represented 99.76% of the Existing Notes outstanding immediately prior to the Exchange Offer, for $523,494,301 aggregate principal amount of New Notes and approximately $100,000,000 of aggregate cash consideration. The New Notes were issued to holders of Existing Notes reasonably believed”
Sixth Street Specialty Lending, Inc. incurred senior notes of $350,000,000 with U.S. Bank Trust Company, National Association at 6.125% per year maturing March 1, 2029.
“On January 16, 2024, Sixth Street Specialty Lending, Inc. (the “Company”) and U.S. Bank Trust Company, National Association (the “Trustee”), entered into a First Supplemental Indenture (the “First Supplemental Indenture”) to the Indenture, dated as of January 16, 2024, between the Company and the Trustee (the “Base Indenture”; and together with the First Supplemental Indenture, the “Indenture”), relating to the Company’s issuance, offer and sale of $ 350,000,000 aggregate principal amount of its 6.125% notes due 2029 (the “Notes”).”
ITC Holdings Corp. incurred senior notes of $85,000,000 aggregate principal amount with institutional accredited investors at 5.98% per annum maturing January 16, 2034.
“issued $85,000,000 aggregate principal amount of its 5.98% Series B Senior Secured Notes due 2034”
OLENOX INDUSTRIES INC. incurred convertible notes of $650,000.00 with Peak One Opportunity Fund, L.P. at 8% per annum maturing twelve months from its date of issuance.
“On January 11, 2024, Safe & Green Holdings Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”), pursuant to which the Company agreed to issue, in a private placement offering (the “Offering”), upon the satisfaction of certain conditions specified in the Purchase Agreement, two debentures to Peak One in the aggregate principal amount of $1,300,000. The closing of the first tranche was consummated on January 12, 2024 and the Company issued an 8% convertible debenture in the principal amount of Six Hundred Fifty Thousand Dollars ($650,000.00) (the “Debenture”) to Peak One”
MICRON TECHNOLOGY INC incurred senior notes of $1,000,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) at 5.30% per year maturing January 15, 2031.
“On January 12, 2024, Micron Technology, Inc. ("Micron," " we," "us," or "our") settled its offering of $1,000,000,000 aggregate principal amount of 5.30% senior notes due 2031 (the "Notes").”
Hempacco Co., Inc. incurred convertible notes of $774,444.44 with Mast Hill Fund, L.P. at 10% per annum maturing 12 months following the issue date.
“Additional Tranche of Funding On January 9, 2024, the Company entered into its final securities purchase agreement (the “ SPA ”) as part of the Financing Transactions (for its third transaction with Mast Hill), and the Company sold to Mast Hill Fund, L.P., a Delaware limited partnership (“ Mast Hill ”), (i) a convertible promissory note in the principal amount of $774,444.44 (the “ Note ”), (ii) warrants to purchase 335,591 shares of Common Stock (the “ Warrants ”), and (iii) 77,441 shares of Common Stock (the “ Shares ”), for an aggregate purchase price of $696,999.99 (the “ Third Mast Hill Transaction ”), and the Company granted Mast Hill certain registration rights pursuant to a registration rights agreement with Mast Hill (the “ RRA ”).”
Blue Owl Technology Income Corp. incurred credit facility of $550 million with Société Générale at SOFR plus a spread of 3.05% maturing January 9, 2034.
“initial maximum principal amount which may be borrowed under the Credit Facility is $550 million”
Broad Capital Acquisition Corp incurred loan of $60,000 with Broad Capital LLC (or its affiliates or permitted designees) maturing payable upon consummation of a business combination.
“the required payment for each monthly extension period shall constitute the deposit by Broad Capital LLC (or its affiliates or permitted designees) into the Trust Account of $60,000 for each such one-month extension”
Healthcare Triangle, Inc. incurred convertible notes of $2,000,000 with institutional investor at 18% maturing 18 months after issuance.
“greement (the “ Purchase Agreement ”) with an institutional investor (the “ Investor ”), pursuant to which the Company agreed to issue to the Investor Senior Secured 15% Original Issue Discount Convertible Promissory Notes (the “ Notes ”)”
OCA Acquisition Corp. incurred loan of $1,080,000 with Sponsor at does not bear interest maturing matures upon closing of OCA's initial business combination.
“on January 11, 2024, OCA issued an unsecured promissory note in the principal amount of $1,080,000 (the “ Note ”) to the Sponsor. The Note does not bear interest and matures upon closing of OCA’s initial business combination (a “ Business Combination ”).”
STRYVE FOODS, INC. amended loan of $2.6 million in aggregate principal amount with holders of $2.6 million in aggregate principal amount of secured promissory notes maturing earlier of (i) December 31, 2024, or (ii) the closing of the next sale or series of related sales by the Company of its equity securities from which the Company.
“First Amendment to the Promissory Notes dated as of April 19, 2023 (the “ Amendments ”) with the holders (the “ Lenders ”) of $2.6 million in aggregate principal amount of the Company’s outstanding $4.1 million in aggregate principal amount of secured promissory notes (the “ Notes ”). The Amendments extend the maturity date of the Notes from December 31, 2023 to the earlier of (i) December 31, 2024, or (ii) the closing of the next sale or series of related sales by the Company of its equity securities from which the Company receives gross proceeds of not less than $3.0 million, excluding proceeds from the warrants held by the Lenders and any at the market equity facility.”
Avenir Wellness Solutions, Inc. incurred loan of $250,000 with Nancy Duitch at 12% per annum, or 18% in the event of default maturing March 31, 2024.
“On January 4, 2024, Avenir Wellness Solutions, Inc. (the “Company”) and Nancy Duitch, the Chief Executive Officer of the Company (the “Executive”), entered into that certain Senior Secured Promissory Note and Security Agreement (the “Agreement”). The Agreement provides for a secured loan facility of up to $250,000, of which the Company borrowed an initial amount of $39,000 (the “Initial Principal Amount”) on January 4, 2024.”
Brixmor Property Group Inc. incurred senior notes of $400,000,000 aggregate principal amount with The Bank of New York Mellon at 5.500% maturing February 15, 2034.
“On January 12, 2024, Brixmor Operating Partnership LP (the “Operating Partnership”), an indirect subsidiary of Brixmor Property Group Inc. (the “Company”), completed the previously announced offering (the “Offering”) of $400,000,000 aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”).”
Main Street Capital CORP incurred senior notes of $350 million in aggregate principal amount with SMBC Nikko Securities America, Inc., as representative of the underwriters at 6.95% maturing March 1, 2029.
“by and among Main Street and SMBC Nikko Securities America, Inc., as representative of the underwriters named in Schedule A thereto, in connection with the issuance and sale of $350 million in aggregate principal amount (the “Offering”) of Main Street’s 6.95% notes due 2029 (the “Notes”). The Offering closed on January 12, 2024 and the Notes were issued under a”
KILROY REALTY CORP incurred senior notes of $400,000,000 with U.S. Bank Trust Company, National Association at 6.250% per annum maturing January 15, 2036.
“On January 12, 2024, Kilroy Realty, L.P. (the “Operating Partnership”) and Kilroy Realty Corporation (the “Company”) completed an underwritten public offering of $400,000,000 aggregate principal amount of the Operating Partnership’s 6.250% Senior Notes due 2036 (the “Notes”).”
SUN COMMUNITIES INC incurred senior notes of $500 million in aggregate principal amount with underwriters named therein at 5.500% per annum maturing January 15, 2029.
“On January 11, 2024, Sun Communities Operating Limited Partnership (the "Operating Partnership"), a Michigan limited partnership and subsidiary of Sun Communities, Inc., a Maryland corporation (the "Company", and, together with the Operating Partnership, the "Obligors"), completed an underwritten public offering (the "Offering") of $500 million in aggregate principal amount of its 5.500% Notes due 2029 (the "Notes").”
Federal Realty OP LP incurred senior notes maturing due 2029.
“The information set forth below under the heading “3.25% Exchangeable Senior Notes due 2029” in Item 8.01 is incorporated by reference under this Item 2.03.”
MariaDB plc amended senior notes with RP Ventures LLC maturing January 31, 2024.
“The First Amendment, among and between MariaDB, RP Ventures, and other note parties to the RPV Note, extends (i) the maturity date of the RPV Note from January 10, 2024 to January 31, 2024, providing time for the Company to continue to work with parties related to the noteholder on a recapitalization structure and (ii) the exclusivity period under the RPV Note from January 10, 2024 to January 31, 2024”
Acri Capital Acquisition Corp incurred loan of $75,000 with Acri Capital Sponsor LLC at non-interest bearing maturing the earlier of (i) consummation of the Company’s initial business combination and (ii) the date of the liquidation of the Company.
“the Company issued an unsecured promissory note of $75,000 (the “ Note ”) to its sponsor, Acri Capital Sponsor LLC (the “ Sponsor ”). The Note is non-interest bearing and payable”
Nova Vision Acquisition Corp incurred loan of $170,000 with Nova Pulsar Holdings Limited at does not bear interest maturing upon the closing of a business combination.
“On January 10, 2024, Nova Vision Acquisition Corp. (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $170,000 (the “Note”) to Nova Pulsar Holdings Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor providing such amount to the Company as the Company’s working capital. The Note does not bear interest and matures upon the closing of a business combination by the Company.”
Kiromic Biopharma, Inc. incurred convertible notes of $2,000,000 with an accredited investor at 25% per annum maturing January 8, 2025.
“Kiromic BioPharma, Inc. (the “Company”) issued a 25% Senior Secured Convertible Promissory Note (the “Note”) to an accredited investor. The Note has a principal amount of $2,000,000, bears interest at a rate of 25% per annum (the “Stated Rate”) and matures on January 8, 2025 (the “Maturity Date”), on which the principal balance and accrued but unpaid interest under the Note shall be due and payable.”
Northwest Natural Holding Co incurred credit facility of $100 million with Canadian Imperial Bank of Commerce, New York Branch.
“from the Oregon Public Utility Commission, the aggregate sum of Letters of Credit outstanding and available to be drawn under the LC Reimbursement Agreement may not exceed $100 million at any one time. The Issuing Banks have no commitment to issue Letters of Credit under the LC Facility and will have the discretion to limit and condition the terms for the”
EnerSys incurred senior notes of $300 million with U.S. Bank Trust Company, National Association at 6.625% per annum maturing January 15, 2032.
“On January 11, 2024, EnerSys (the “Company”) issued $300 million in aggregate principal amount of its 6.625% Senior Notes due 2032 (the “Notes”).”
MFA FINANCIAL, INC. incurred senior notes of $115 million aggregate principal amount with Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Piper Sandler & Co. and UBS Securities LLC at 8.875% per year maturing February 15, 2029.
“On January 11, 2024, MFA Financial, Inc., a Maryland corporation (the “Company”), completed the issuance and sale of $115 million aggregate principal amount of its 8.875% Senior Notes due 2029 (the “Notes”), in a public offering pursuant to the Company’s registration statement on Form S-3ASR”
GUESS INC incurred convertible notes of $64.8 million with holders of the 2.00% convertible senior notes due 2024 at 3.75% maturing 2028.
“the Company exchanged approximately $67.1 million in aggregate principal amount of the 2024 Notes for approximately $64.8 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “Additional 2028 Notes”) (collectively, the “Exchange Transactions”).”
PORTSMOUTH SQUARE INC reported a default on loan of $97 million with various institutional lenders.
“On January 4, 2024, Portsmouth Square, Inc. (the “Issuer”or the “Company”) was made aware of a notice of default (the “Notice”) issued to Justice Operating Company, LLC, which is the wholly owned subsidiary of Portsmouth Square, Inc. (“Justice”) and received by Justice as of that date. The Notice states that the $97 million principal amount in loans made to Justice by various institutional lenders, known as Loan No.: M300801016 / Reference No.: SS57524 and Loan No.: M300801015 / Reference No.: SS57523, are in default.”
ACURA PHARMACEUTICALS, INC incurred loan of $250,000 with Abuse Deterrant Pharma, LLC at 5.25% maturing March 31, 2024.
“we received a $250,000 loan from Abuse Deterrent Pharma, LLC (“AD Pharma”). This loan combined with previous loans”
INTERGROUP CORP reported a default on loan of $97 million principal amount with various institutional lenders.
“On January 4, 2024, The InterGroup Corporation (the "Issuer" or the "Company") was made aware of a notice of default (the "Notice") issued to Justice Operating Company, LLC, which is the wholly owned subsidiary of Portsmouth Square, Inc. ("Justice") and received by Justice as of that date. The Notice states that the $97 million principal amount in loans made to Justice by various institutional lenders, known as Loan No.: M300801016 / Reference No.: SS57524 and Loan No.: M300801015 / Reference No.: SS57523, are in default.”
Nova Vision Acquisition Corp incurred loan of aggregate principal amount of $69,763.37 with Nova Pulsar Holdings Limited maturing matures upon the closing of a business combination by the Company.
“On January 6, 2024, Nova Vision Acquisition Corp. (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $69,763.37 (the “Note”) to Nova Pulsar Holdings Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.