New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
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.”
OLENOX INDUSTRIES INC. incurred loan of purchase price of $200,000 with Maison Capital Group.
“On January 5, 2024, SG Building Blocks, Inc. (“SG Building Blocks”), a wholly owned subsidiary of Safe & Green Holdings Corp.(the “Company”), and the Company’s wholly owned subsidiary, SG Echo, LLC (“SG Echo”, and together with SG Building Blocks, the “Merchants”), entered into a Cash Advance Agreement (“Cash Advance Agreement”) with Maison Capital Group (“Maison”) pursuant to which the Merchants sold to Maison $300,000 of their future receivables for a purchase price of $200,000, less underwriting fees and expenses paid, for net funds provided of $190,000.”
Lakeshore Acquisition II Corp. incurred loan of $20,000 with Nature's Miracle at does not bear interest maturing earlier of (i) the closing of the Company's initial business combination and (ii) March 11, 2024.
“On January 8, 2024, Lakeshore Acquisition II Corp., a Cayman Islands exempted company (the "Company" or "Lakeshore") issued an unsecured promissory note dated January 8, 2024, in the aggregate principal amount of $20,000 (the "Note") to Nature's Miracle, the counterparty to the previously announced Merger Agreement”
Frontier Investment Corp incurred loan of $200,000 with Frontier Disruption Capital (Sponsor) at does not bear interest maturing upon consummation of a business combination.
“On January 3, 2024, Frontier Investment Corp (the “ Company ”) issued one unsecured promissory note (the “ Note ”) in an amount of $200,000, to Frontier Disruption Capital (“ Sponsor ”), for working capital. The Note does not bear interest and matures at such time the Company consummates a business combination.”
iLearningEngines, Inc. incurred loan of aggregate of $160,000 with Arrowroot Acquisition LLC at does not bear interest maturing matures upon closing of the Company’s initial business combination.
“The board of directors of Arrowroot Acquisition Corp., a Delaware corporation (the “ Company ”), approved a draw of an aggregate of $160,000 (the “ Extension Funds ”) pursuant to the Promissory Note, dated as of March 6, 2023 (the “ Note ”), between the Company and Arrowroot Acquisition LLC (the “ Lender ”), which Extension Funds were deposited into the Company’s trust account for its public stockholders on January 5, 2024.”
CLS Holdings USA, Inc. incurred senior notes of $930,000 original principal amount at 16% annually maturing July 8, 2025.
“On January 2, 2024, CLS Holdings USA, Inc. (the "Company") completed a private placement of $930,000 original principal amount of Secured Promissory Notes.”
BREAD FINANCIAL HOLDINGS, INC. faced acceleration on senior notes of $400 million aggregate principal amount with U.S. Bank Trust Company, National Association at 7.000% maturing due 2026.
“On January 8, 2024, Bread Financial Holdings, Inc. (the “Company”) issued a conditional notice of redemption to redeem $400 million aggregate principal amount of its outstanding 2026 Notes.”
TAKE TWO INTERACTIVE SOFTWARE INC incurred senior notes of $350 million aggregate principal amount of its senior notes, consisting of $50 million additional principal amount of it with The Bank of New York Mellon at 5.000% per annum for 2026 Notes; 4.950% per annum for 2028 Notes maturing March 28, 2026 for 2026 Notes; March 28, 2028 for 2028 Notes.
“On January 8, 2024, Take-Two Interactive Software, Inc. (the “Company”) completed its add-on offering and sale of $350 million aggregate principal amount of its senior notes, consisting of $50 million additional principal amount of its 5.000% Senior Notes due 2026 (the “2026 Notes”) and $300 million additional principal amount of its 4.950% Senior Notes due 2028 (the “2028 Notes”).”
ABEONA THERAPEUTICS INC. incurred term loan of $20 million with Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P. at greater of (i) the prime rate, as published by the Wall Street Journal from time maturing July 1, 2027.
“and the Lenders. The Loan Agreement provides for senior secured term loans (the “ Loans ”) in an aggregate principal amount up to $50 million, with (i) a committed tranche of $20 million advanced on the Closing Date (“ Tranche 1 ”), (ii) a committed tranche of up to $10 million which may be advanced upon the request of the Company between June 30, 2024 and”
dMY Squared Technology Group, Inc. incurred convertible notes of $1,750,000 with Harry L. You at no interest maturing earlier of: (i) the date on which Maker consummates an initial business combination and (ii) the date of the liquidation of Maker.
“In connection with the Contribution, on January 2, 2024, the Company issued an unsecured convertible promissory note to Harry L. You, Chairman and Chief Financial Officer of the Company and an affiliate of the Sponsor (the “ Payee ”) with a principal amount up to $1,750,000 (the “ Note ”). The Note bears no interest and is repayable on the earlier of: (i) the date on which Maker consummates an initial business combination and (ii) the date of the liquidation of Maker.”
Fortune Rise Acquisition Corp incurred loan of $100,000 with Water On Demand, Inc. at non-interest bearing maturing on the earlier of (i) consummation of the Company's initial business combination and (ii) the date of the liquidation of the Company.
“ompany issued an unsecured promissory note (the “ Note ”) to Water On Demand, Inc., a Nevada corporation and the entity which controls the Company’s sponsor.”
First Watch Restaurant Group, Inc. incurred term loan of $125 million with Bank of America, N.A. at base rate plus an additional margin that ranges between 150 basis points and 225 maturing 2029-01-05.
“a new $125 million incremental delayed draw term loan facility (the "2024 Incremental Delayed Draw Term Facility" and the loans thereunder, the "2024 Incremental Delayed Draw Term Loans") was established”
First Watch Restaurant Group, Inc. amended revolving credit of $125 million with Bank of America, N.A. at base rate plus an additional margin that ranges between 150 basis points and 225 maturing 2029-01-05.
“the replacement revolving credit facility was increased by $50 million in new revolving credit commitments bringing the aggregate committed amount under the new revolving credit facility to $125 million (the "2024 Revolving Facility")”
NextDecade Corp incurred credit facility of up to $50,000,000 revolving loan facility and up to $12,500,000 interest loan facility with MUFG Bank, Ltd. at SOFR plus the applicable margin (4.50%) or the base rate plus the applicable mar maturing the earlier of (a) the second anniversary of the Closing Date or such later anniversary of the Closing Date as may be determined by a unanimous decision of the.
“institutions party thereto as lenders. The Credit Agreement provides for the following facilities: ● a revolving loan facility (the “ Revolving Loans ”) in an amount up to $50,000,000 available to NextDecade LNG to be used for (a) general corporate purposes and working capital requirements of NextDecade LNG and its subsidiaries, including development costs”
ATHERSYS, INC / NEW incurred credit facility of $2,250,000 with DIP Lender.
“the Debtors entered into a certain Secured Superpriority Debtor-in-Possession Financing Agreement (the “DIP Financing Agreement”) with the DIP Lender. If approved by the Court as proposed, the DIP Financing Agreement would provide term loans in an aggregate amount not to exceed $2,250,000 consisting of (i) a term loan not to exceed $850,000 to be available upon the entry by the Court of an order approving the DIP Financing Agreement on an interim basis, (ii) a term loan not to exceed $650,000 to be available upon the entry by the Court of an order approving the DIP Financing Agreement on a final basis, and (iii) 750,000 to be available on or promptly after February 16, 2024.”
AtriCure, Inc. incurred credit facility of up to $125 million (with potential increase up to $165 million) with JPMorgan Chase Bank, N.A., Silicon Valley Bank, a Division of First-Citizen Bank & Trust Company at ABR plus applicable margin or adjusted term SOFR rate plus applicable margin maturing three-year.
“On January 5, 2024 (the “ Closing Date ”), AtriCure, Inc. (the “ Company ”) and its wholly owned subsidiary, AtriCure, LLC (together with the Company, the “ Borrowers ”), entered into an asset-based credit agreement (the “ Credit Agreement ”) among the Borrowers, JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “ Administrative Agent ”), JPMorgan Chase Bank, N.A. (“JPMCB”) and Silicon Valley Bank, a Division of First-Citizen Bank & Trust Company (“SVB”), as Joint Lead Arrangers and Joint Bookrunners, and the lenders party thereto (“Lenders”). The Credit Agreement provides for an asset-based three-year revolving credit facility (the “ ABL Facility ”) in an amount of up to $125 million.”
Clean Energy Technologies, Inc. incurred convertible notes of $143,750.00 with FirstFire Global Opportunities Fund, LLC at 10% per annum maturing January 3, 2025.
“the Company agreed to issue and sell to the Buyer the promissory note of the Company in the principal amount of $143,750.00”
HUMANIGEN, INC incurred credit facility of up to $2 million with Taran maturing five (5) months after the Petition Date.
“Taran agreed to provide debtor in possession financing to the Company (the "DIP Loan"), pursuant to which, and subject to the satisfaction of the applicable conditions precedent contained therein, including the entry by the Bankruptcy Court of an appropriate order relating to the same (the "Interim DIP Order"), Taran would provide the Company with a DIP Loan in an aggregate principal amount of up to $2 million.”
AUDACY, INC. faced acceleration on senior notes.
“The commencement of the Chapter 11 Cases described in Item 1.03 of this current report on Form 8-K constitutes an event of default that accelerated the Debtors’ respective obligations under the following debt instruments”
AUDACY, INC. faced acceleration on credit facility.
“The commencement of the Chapter 11 Cases described in Item 1.03 of this current report on Form 8-K constitutes an event of default that accelerated the Debtors’ respective obligations under the following debt instruments”
ROCKWELL MEDICAL, INC. amended credit facility of $8.0 million with Innovatus Life Sciences Lending Fund I, LP at the greater of (i) Prime Rate and (ii) 7.50%, plus 3.50% maturing fifth anniversary of the Effective Date.
“for the continuation of term loans initially borrowed on or after the Original Effective Date, in an aggregate outstanding principal amount as of the Effective Date of $8.0 million (the “Term Loans”). The Company will make interest-only payments on the Term Loans for thirty months, or up to thirty-six months if certain conditions are met. The Term Loans”
Arena Group Holdings, Inc. reported a default on credit facility of approximately $19,609,000 with SLR Digital Finance LLC.
“of cross-default with SLR Digital Finance LLC (“SLR”). The Company is in discussion with SLR. The principal amount due under the credit facility with SLR was approximately $ 19,609,000 as of December 31, 2023.”
Arena Group Holdings, Inc. reported a default on senior notes of approximately $110,691,000 with Renew Group Private Limited.
“Renew Group Private Limited (“RGPL” and the “RGPL Notes” respectively) in the amount of approximately $2,797,000. The outstanding principal on the RGPL Notes was approximately $110,691,000 as of December 31, 2023. This created an event of default under the RGPL Notes (the “RGPL Default”). The Company is currently in discussions with RGPL to restructure and/or amend”
CAMDEN PROPERTY TRUST incurred senior notes of $400,000,000 aggregate principal amount with BofA Securities, Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC and Truist Securities, Inc. at 4.900% maturing January 15, 2034.
“to issue and sell to the Underwriters $400,000,000 aggregate principal amount of its 4.900% Notes due 2034”
LTC PROPERTIES INC amended credit facility maturing November 19, 2026.
“On January 4, 2024, LTC Properties, Inc. (“LTC”) announced that it had entered into a Second Amendment to Third Amended and Restated Credit Agreement (the “Credit Agreement”) to accelerate the one-year extension option notice date to January 4, 2024. Concurrently, LTC exercised its option to extend the maturity date of the Credit Agreement to November 19, 2026.”
EMPIRE PETROLEUM CORP incurred revolving credit of initial revolver commitment amount is $10,000,000 with Equity Bank at prime rate of interest plus 1.50% maturing December 29, 2026.
“the initial revolver commitment amount is $10,000,000; (b) the maximum revolver commitment amount is $15,000,000; (c) commencing on January 31, 2024, and occurring on the last day of each calendar month thereafter, the revolver commitment amount is reduced by $150,000; (d) commencing on March 31, 2024, there are scheduled semiannual collateral borrowing base redeterminations each year on March 31 and September 30; (e) the final maturity date is December 29, 2026; (f) outstanding borrowings bear interest at a rate equal to the prime rate of interest plus 1.50%, and in no event lower than 8.50%”
HARTE HANKS INC amended revolving credit of $25,000,000 with Texas Capital Bank at SOFR plus a margin of 2.25% per annum maturing June 30, 2025.
“Act. ☐ Item 1.01 Entry into a Material Definitive Agreement. Harte Hanks, Inc. (as “Harte Hanks” or as the “Company”) previously secured (on December 21, 2021) a three-year, $25,000,000 asset-based revolving credit facility (the “ABL Agreement”) with Texas Capital Bank ("TCB"). On December 29, 2029, Harte Hanks, Inc. and various subsidiaries serving as guarantors”
OMNICOM GROUP INC. incurred term loan of US$600,000,000 with Citibank, N.A., as administrative agent for the Lenders at a base rate or a term rate, in either case, plus an applicable margin and fees maturing December 31, 2026.
“On January 3, 2024 (the “Effective Date”), Omnicom Group Inc. (“Omnicom Group”) and its wholly owned subsidiary Omnicom Capital Inc. (the “Borrower” and, together with Omnicom Group, the “Loan Parties”) entered into a Delayed Draw Term Loan Agreement (the “Credit Agreement”) with the initial lenders named therein (the “Lenders”), Citibank, N.A., BofA Securities, Inc., Barclays Bank PLC, BNP Paribas Securities Corp., Deutsche Bank Securities Inc., HSBC Securities (USA), Inc., JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., Société Générale, Sumitomo Mitsui Banking Corporation, TD Securities (USA), LLC, U.S. Bank National Association and Wells Fargo Securities, LLC, as lead arrangers and book managers, and Citibank, N.A., as administrative agent for the Lenders (the “Agent”). The Credit Agreement has a maturity date of December 31, 2026 and provides for a delayed-draw term loan facility in an aggregate principal amount of US$600,000,000.”
iCoreConnect Inc. amended convertible notes.
“On December 29, 2023, the Company entered into amendments with holders of two an Amendment to Convertible Promissory Notes issued on October 13, 2023 and October 26, 2023 (the “Notes”) whereby the holders of the Notes agreed that the Notes would not be convertible into shares of Company Common stock unless and until the Company’s shareholders approve such conversion per NASDAQ Listing Rule 5635(d).”
iCoreConnect Inc. incurred convertible notes of $100,000 at 12% per annum maturing December 28, 2024.
“On December 29, 2023, the Company entered into a securities purchase agreement with an existing investor, pursuant to which the Company issued the investor a convertible note in principal amount of $100,000 in exchange for $100,000 (the “Convertible Promissory Note”).”
iCoreConnect Inc. incurred loan of $2,000,000 at 15% per annum maturing December 31, 2024.
“On December 29, 2023, iCoreConnect, Inc. (the “Company”) issued a subordinated note to a service provider in principal amount of $2,000,000 in exchange for conversion of an accounts payable in the amount of $2,000,000.”
Pinstripes Holdings, Inc. incurred loan of $5.0 million with Silverview Credit Partners LP.
“Also on December 29, 2023, immediately following the consummation of the Business Combination, Pinstripes borrowed an additional $5.0 million under the Loan Agreement, dated as of March 7, 2023 by and among Pinstripes, Inc., Silverview Credit Partners LP, and other institutional investors from time to time (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Silverview Loan Agreement”).”
Pinstripes Holdings, Inc. incurred term loan of $50.0 million with Oaktree Fund Administration, LLC at 12.5% payable quarterly in arrears, at Pinstripes’ option either in cash or in k maturing December 29, 2028.
“Also on December 29, 2023, immediately following consummation of the Business Combination, Pinstripes and the registrant entered into a Loan Agreement (the “Oaktree Loan Agreement”) with Oaktree Fund Administration, LLC, as agent (the “Agent”) and the lenders party thereto (the “Lenders), providing for a term loan of $50.0 million to Pinstripes (the “Tranche 1 Loan”).”
Chain Bridge I amended loan of $1.15 million loan converted into Loan Conversion Warrants with CB Co-Investment LLC at not specified maturing not specified.
“As of the Closing Date, and in connection with the consummation of the transactions contemplated by the Securities Purchase Agreement: (1) CB Co-Investment irrevocably agreed to convert the $1.15 million loan by CB Co-Investment to the Company into Loan Conversion Warrants (as contemplated and defined in that certain Warrant Agreement, dated November 9, 2021 by and between the Company our transfer agent (the "Warrant Agreement")).”
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.