New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
ASENSUS SURGICAL, INC. incurred loan of up to $20 million with KARL STORZ SE & Co. KG at SOFR plus 10% maturing the earliest of (i) the date that is thirty days after the Company ceases discussions... (ii) the date that is sixty days after the lapse of the Exclusivity Per.
“On April 3, 2024, Asensus Surgical, Inc. (the "Company") issued a promissory note in favor of KARL STORZ SE & Co. KG ("KARL STORZ") in the principal amount of up to $20 million (the "Note").”
COHERENT CORP. amended credit facility of $2,435,625,000.00 with JPMorgan Chase Bank, N.A., as administrative agent at 1.50%, in the case of base rate loans, and from 2.75% to 2.50%, in the case of t maturing maturity of the New Term Loans and revolving credit facility remains unchanged.
“Pursuant to the Amendment, the $2,435,625,000.00 in aggregate principal amount of term B loans outstanding under the Credit Agreement (the “ Existing Term B Loans ”) were replaced with an equal amount of new term loans (the “ New Term B Loans ”) having substantially similar terms as the Existing Term B Loans, except with respect to the interest rate applicable to the New Term B Loans and certain other provisions. The interest rate margin applicable to the New Term B Loans was reduced from 1.75% to 1.50%, in the case of base rate loans, and from 2.75% to 2.50%, in the case of term benchmark loans, with a term benchmark floor of 0.50%.”
CARLISLE COMPANIES INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. (as administrative agent); Wells Fargo Securities, LLC; BofA Securities, Inc.; Truist Securities, Inc. at Base Rate plus a margin ranging from 0.00% to 0.50% or applicable benchmark rate maturing April 3, 2029.
“Ltd., as documentation agent, JPMorgan Chase Bank, N.A., as administrative agent, PNC Bank National Association and The Bank of Nova Scotia. The Credit Agreement provides for a $1.0 billion unsecured revolving line of credit (the “Revolving Credit Facility”) with a maturity date of April 3, 2029 and amends and restates the Fourth Amended and Restated Credit”
ENTERGY NEW ORLEANS, LLC incurred senior notes of $50,000,000 aggregate principal amount of its First Mortgage Bonds, 6.54% Series due June 15, 2034 with institutional investors named as purchasers therein at 6.54 percent per annum maturing June 15, 2034.
“On April 3, 2024, Entergy New Orleans, LLC (the “ Company ”) entered into a Bond Purchase Agreement between the Company and the institutional investors named as purchasers therein (the “ Bond Purchase Agreement ”). The Bond Purchase Agreement provides for the issuance of”
ENTERGY NEW ORLEANS, LLC incurred senior notes of $65,000,000 aggregate principal amount of its First Mortgage Bonds, 6.41% Series due June 15, 2031 with institutional investors named as purchasers therein at 6.41 percent per annum maturing June 15, 2031.
“On April 3, 2024, Entergy New Orleans, LLC (the “ Company ”) entered into a Bond Purchase Agreement between the Company and the institutional investors named as purchasers therein (the “ Bond Purchase Agreement ”). The Bond Purchase Agreement provides for the issuance of”
ENTERGY NEW ORLEANS, LLC incurred senior notes of $35,000,000 aggregate principal amount of its First Mortgage Bonds, 6.25% Series due June 15, 2029 with institutional investors named as purchasers therein at 6.25 percent per annum maturing June 15, 2029.
“On April 3, 2024, Entergy New Orleans, LLC (the “ Company ”) entered into a Bond Purchase Agreement between the Company and the institutional investors named as purchasers therein (the “ Bond Purchase Agreement ”). The Bond Purchase Agreement provides for the issuance of (i) $35,000,000 aggregate principal amount of its First Mortgage Bonds, 6.25% Series due June 15, 2029 (the “ Bonds of the Twenty-ninth Series ”)”
NorthWestern Energy Group, Inc. incurred mortgage of $7 million with the noteholders at 5.75% maturing March 28, 2034.
“Issue Date Maturity Date Principal Amount Interest Rate March 28, 2024 March 28, 2029 $33 million 5.55% March 28, 2024 March 28, 2034 $7 million 5.75%”
NorthWestern Energy Group, Inc. incurred mortgage of $33 million with the noteholders at 5.55% maturing March 28, 2029.
“Issue Date Maturity Date Principal Amount Interest Rate March 28, 2024 March 28, 2029 $33 million 5.55% March 28, 2024 March 28, 2034 $7 million 5.75%”
NorthWestern Energy Group, Inc. incurred mortgage of $175 million with the noteholders at 5.56% maturing March 28, 2031.
“The MT Bonds were drawn and issued in one series as follows: Issue Date Maturity Date Principal Amount Interest Rate March 28, 2024 March 28, 2031 $175 million 5.56%”
Golub Capital Private Credit Fund amended revolving credit of increased from $615.0 million to $690.0 million with Royal Bank of Canada.
“On March 28, 2024, Golub Capital Private Credit Fund (“GCRED”) entered into an agreement with Royal Bank of Canada (the “Commitment Increase Agreement”), pursuant to which, through the accordion feature in GCRED’s senior secured revolving credit agreement among GCRED, as borrower, Sumitomo Mitsui Banking Corporation (“SMBC”), as administrative agent and collateral agent, and the lenders and issuing banks from time to time party thereto (as supplemented, the “SMBC Credit Facility”), the aggregate commitments under the SMBC Credit Facility increased from $615.0 million to $690.0 million.”
Blue World Acquisition Corp incurred loan of $180,000 with Blue World Holdings Limited at bears no interest maturing payable in full upon the consummation of BWAQ’s business combination.
“On April 1, 2024, BWAQ issued an unsecured promissory note (the “ Sponsor Note ”, together with the Extension Note, the “ Notes ”) in the amount of $180,000 to Blue World Holdings Limited, the sponsor of the Company (the “ Sponsor ”).”
Blue World Acquisition Corp incurred loan of $60,000 with Fuji Solar Co., Ltd at bears no interest maturing payable in full upon the consummation of BWAQ's business combination.
“On April 1, 2024, BWAQ issued to Fuji Solar an unsecured promissory note in the principal amount of $60,000 (the “ Extension Note ”) in connection with the payment for the Extension Fee.”
Mountain Crest Acquisition Corp. V incurred loan of up to $300,000 with Mountain Crest Global Holdings LLC maturing the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Company liquidates if a b.
“On April 3, 2024, Mountain Crest Acquisition Corp. V (the “Company”) issued an unsecured promissory note in the aggregate principal amount up to $300,000 (the “Note”) to Mountain Crest Global Holdings LLC, the Company’s sponsor (the “Sponsor”).”
AMERICAN REBEL HOLDINGS INC incurred loan of $1,300,000 with accredited investor lending source at 22.8% maturing 64 weekly payments of $26,000 each.
“On March 27, 2024, the Registrant entered into a $1,300,000 Business Loan and Security Agreement (the "Secured Loan") with an accredited investor lending source (the "Lender").”
Loop Media, Inc. incurred term loan of $1,000,000 with Excel Family Partners, LLLP at 12% per year maturing one hundred eighty (180) days from the date of the Excel Secured Line of Credit Agreement.
“Effective March 28, 2024, Loop Media, Inc. (the “ Company ”) entered into a Secured Non-Revolving Line of Credit Loan Agreement with Excel Family Partners, LLLP (“ Excel ”), an entity managed by Bruce Cassidy, executive chairman of the Company’s board of directors (the “Excel Secured Line of Credit Agreement ”), for the principal amount of up to one million dollars ($1,000,000) (the “ Excel Line of Credit ”), evidenced by a Secured Non-Revolving Line of Credit Promissory Note, also effective as of March 28, 2024 (the “ Excel Note ”). The Excel Line of Credit has been fully drawn upon, matures one hundred eighty (180) days from the date of the Excel Secured Line of Credit Agreement (the “ Maturity Date ”), and accrues interest, payable on the Maturity Date in arrears, at a fixed rate of interest equal to twelve percent (12%) per year.”
Sabre Corp amended credit facility of from $200 million to $235 million with PNC Bank, N.A., as administrative agent, structuring agent and lender, and various entities advised by affiliates of Centerbridge Partners, L.P. at SOFR (as defined in the RFA), in each case subject to a minimum floor of 0 basis maturing March 2027.
“The Amendment increased the overall size of the AR Facility from $200 million to $235 million, extended its maturity date to March 2027 and removed the early termination provision linked to the final maturity date of other material indebtedness.”
SRAX, Inc. incurred convertible notes of $90,000 in principal amount at 0%, no interest per annum maturing March 29, 2026.
“On March 29, 2024 SRAX, Inc. (the “Company”) entered into definitive securities purchase agreements (the “Securities Purchase Agreement”) with a certain accredited and institutional investor (the “Purchasers”) for the purchase and sale of an aggregate of: (i) $90,000 in principal amount of Original Issue Discount Convertible Debenture (the “Debentures”) for $75,000”
Vital Energy, Inc. incurred senior notes of $200,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.875% per annum maturing April 15, 2032.
“On April 3, 2024, Vital Energy, Inc. (the “Company”) issued $200,000,000 aggregate principal amount of 7.875% senior notes due 2032 (the “Notes”).”
Arch Therapeutics, Inc. incurred debt of $250,000 with certain purchaser parties (the "Advancing Purchasers").
“On March 28, 2024, certain purchaser parties (the "Advancing Purchasers") to the previously disclosed Securities Purchase Agreement (the "SPA") dated November 8, 2023, among Arch Therapeutics, Inc. (the "Company") and the purchasers party thereto, advanced the Company an aggregate of $250,000 (the "Advance"), which Advance is being treated as partial prepayment of the purchase price for the Advancing Purchasers under the SPA.”
First Guaranty Bancshares, Inc. incurred senior notes of $30.0 million with Smith & Tate Investment, L.L.C. at Prime Rate plus 75 basis points maturing March 28, 2034.
“On March 28, 2024, First Guaranty Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Agreement”) with Smith & Tate Investment, L.L.C. (the "Purchaser"), a company controlled by Edgar Ray Smith III, a director of the Company. The Company issued a $30.0 million subordinated note (the “Note”) to the Purchaser in a private placement.”
Casa Systems Inc reported a default on credit facility.
“The commencement of the Chapter 11 Cases described in Item 1.03 above constitutes an event of default that accelerated the Company’s obligations under the Credit Agreements.”
LAS VEGAS SANDS CORP incurred revolving credit of $1.5 billion with The Bank of Nova Scotia (Scotiabank), as administrative agent at either, at the Borrower’s option, (x) an adjusted rate equal to the secured over maturing April 3, 2029.
“On April 3, 2024 (the “Closing Date”), Las Vegas Sands Corp. (the “Borrower”) entered into a Revolving Credit Agreement (the “Revolving Credit Agreement”), with the lenders and issuing banks from time to time party thereto and The Bank of Nova Scotia (“Scotiabank”), as administrative agent (in such capacity, the “Administrative Agent”), swingline lender and an issuing bank. The Revolving Credit Agreement provides for a new revolving credit facility in the aggregate principal amount of $1.5 billion, which includes a $150 million sub-facility for letters of credit.”
ARES CAPITAL CORP amended revolving credit with Sumitomo Mitsui Banking Corporation at 2.50% over one month SOFR maturing March 28, 2029.
“On March 28, 2024, Ares Capital Corporation (the "Registrant") and Ares Capital JB Funding LLC, a wholly owned subsidiary of the Registrant ("ACJB LLC"), entered into an amendment (the "SMBC Amendment") to the documents governing ACJB LLC's revolving funding facility (the "SMBC Funding Facility") with Sumitomo Mitsui Banking Corporation and each of the other parties thereto.”
RGC RESOURCES INC amended revolving credit of $25,000,000 with Pinnacle Bank maturing March 31, 2025.
“and Loan Agreement ("Amendment") with Pinnacle Bank ("Pinnacle"). The Promissory Note was originally entered into with Pinnacle on March 24, 2023 in the principal amount of $25,000,000 (the “Revolving Note”) with a maturity date of March 31,2024. The Loan Agreement was originally dated September 24, 2021 with Pinnacle, and further amended and restated on March”
TOYOTA MOTOR CREDIT CORP incurred revolving credit of up to $5,000,000,000 with Toyota Motor Sales, U.S.A, Inc. maturing March 31, 2027.
“On April 1, 2024, Toyota Motor Credit Corporation, a California corporation (“TMCC”), as borrower, entered into a revolving credit agreement (the “Intercompany Credit Agreement”) with Toyota Motor Sales, U.S.A, Inc., a California corporation (“TMS”), as lender, providing for a revolving credit facility with aggregate lending commitments of up to $5,000,000,000.”
Fathom Digital Manufacturing Corp incurred term loan of up to $2.5 million with CORE Industrial Partners Fund I, L.P. at 5% per annum maturing September 30, 2024.
“unsecured basis, up to $2.5 million of term loans that will mature on September 30, 2024 and will accrue interest, payable in kind, at the rate of 5% per annum.”
View, Inc. faced acceleration on convertible notes of $222,258,316 with Wilmington Trust, National Association.
“due thereunder shall be immediately due and payable. The amounts of the obligations under the Prepetition Credit Agreement and the Indenture, as increased, are $52,108,299 and $222,258,316, respectively. Any efforts to enforce such payment obligations under the Debt Instruments are automatically stayed as a result of the Chapter 11 Cases, and the creditors’ rights to”
View, Inc. faced acceleration on term loan of $52,108,299 with Cantor Fitzgerald Securities.
“unpaid interest due thereunder shall be immediately due and payable. The amounts of the obligations under the Prepetition Credit Agreement and the Indenture, as increased, are $52,108,299 and $222,258,316, respectively. Any efforts to enforce such payment obligations under the Debt Instruments are automatically stayed as a result of the Chapter 11 Cases, and the”
Rackspace Technology, Inc. incurred senior notes of approximately $93.3 million aggregate principal amount of New Secured Notes with holders of Existing Secured Notes maturing due 2028.
“On April 2, 2024, the Company closed the early settlement of the Public Notes Exchange, pursuant to which (i) approximately $133.3 million aggregate principal amount of Existing Secured Notes were exchanged or purchased for cancellation and (ii) approximately $93.3 million aggregate principal amount of New Secured Notes were issued by the New Borrower under the New Secured Notes Indenture.”
HighPeak Energy, Inc. amended credit facility of increase the aggregate amount of the commitments from $75 million to $100 million with Fifth Third Bank, National Association.
“On March 29, 2024, HighPeak Energy, Inc. (the “Company”), as borrower, Fifth Third Bank, National Association, as administrative agent, the guarantors party thereto and the lenders party thereto entered into that certain First Amendment to Credit Agreement (the “Credit Agreement Amendment”), which upon effectiveness, amended that certain Credit Agreement, dated as of November 1, 2023 (as amended, restated, amended and restated, supplemented or otherwise modified by the Credit Agreement Amendment, the “Credit Agreement”), by and among the Company, Fifth Third Bank, National Association, as administrative agent, the guarantors party thereto and the lenders party thereto to, among other things, increase the aggregate amount of the commitments from $75 million to $100 million.”
Fresh2 Group Ltd incurred convertible notes of $200,000 with an institutional investor.
“On March 27, 2024, the Company issued $200,000 of its convertible notes (the “Convertible Note”) to the Investor.”
Lodging Fund REIT III, Inc. amended revolving credit of $15.5 million with Legendary A-1 Bonds, LLC maturing 2024-12-31.
“The Fourth Amendment extended the maturity date of the A-1 Line of Credit to December 31, 2024 and increased the A-1 Line of Credit to $15.5 million”
Lodging Fund REIT III, Inc. incurred loan of up to $4,896,801 with A-1 Lender (Legendary A-1 Bonds, LLC) at 14.5% per annum maturing 2026-03-27.
“On March 27, 2024, pursuant to the Loan Agreement dated as of March 27, 2024, the Operating Partnership entered into a new loan in an amount up to $4,896,801 (the “New A-1 Lakewood Loan") with the A-1 Lender”
Lodging Fund REIT III, Inc. incurred loan of $12.0 million with Bluebird Credit EM LLC at SOFR Index plus 7.0% (increasing to 7.5% during the extension of the loan), with maturing October 5, 2025.
“On March 27, 2024, pursuant to the Loan Agreement dated as of March 27, 2024 (the “New Lakewood Loan Agreement”), the Borrower entered into a new $12.0 million loan with Bluebird Credit EM LLC (the “New Lakewood Lender")”
Landsea Homes Corp incurred senior notes of $300.0 million with U.S. Bank Trust Company, National Association at 8.875% maturing April 1, 2029.
“Landsea Homes Corporation, a Delaware corporation (the “ Company ”), completed the sale to certain purchasers (the “ Offering ”) of $300.0 million in aggregate principal amount of 8.875% Senior Notes due 2029”
Waitr Holdings Inc. faced acceleration on credit facility with Luxor Capital Group, LP.
“The commencement of the Chapter 7 cases described in Item 1.03 of this Current Report on Form 8-K constitutes an event of default under certain of the Company’s debt instruments (including (i) the credit agreement dated November 15, 2018, as amended, by and among the Company, various lenders and Luxor Capital Group, LP as administrative agent and (ii) the credit and guaranty agreement dated November 15, 2018, as amended, by and among various Subsidiaries, various lenders and Luxor Capital Group, LP as administrative agent), which results in acceleration of the Company’s and the Subsidiaries’ obligations under such debt instruments.”
Delek Logistics Partners, LP amended credit facility of increased the Revolving Credit Commitments (as defined in the DKL Credit Facility) by an amount equal to $100,000,000, t with Fifth Third Bank, National Association, as Administrative Agent.
“The Amendment, (i) increased the Revolving Credit Commitments (as defined in the DKL Credit Facility) by an amount equal to $100,000,000, to provide for an aggregate Revolving Credit Commitments amount of $1,150,000,000, and (ii) increased the Partnership’s and its subsidiaries ability to incur indebtedness.”
Matador Resources Co incurred senior notes of $900.0 million with BofA Securities, Inc. at 6.500% maturing April 15, 2032.
“the Company agreed to issue and sell $900.0 million in aggregate principal amount of the Company’s 6.500% Senior Notes due 2032”
MARRIOTT VACATIONS WORLDWIDE Corp incurred term loan of $800 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders party thereto at secured overnight financing rate plus 2.25% maturing April 1, 2031.
“The 2024 Amendment, among other things, provides for a new $800 million term loan facility scheduled to mature on April 1, 2031 (the “New Term Loan”) that refinanced in full the existing term loan under the Credit Agreement, which was due to mature on August 31, 2025.”
Trinseo PLC amended debt of $150.0 million with HSBC Bank plc at 1.65% on outstanding borrowings plus variable commercial paper or other benchmar maturing November 18, 2025.
“reland Global IHB Limited, an indirect wholly owned subsidiary of Trinseo PLC (the “Company”) entered into an Deed of Amendment, Restatement and Accession with Styron Receivables Funding Designated Activity Company, Regency Assets Designated Activity Company, HSBC Bank plc, TMF Administration Services Limited and The Law Debenture Trust Corporation P.L.C.”
Otter Tail Corp incurred senior notes of $60,000,000 with purchasers named in Note Purchase Agreement at 5.77% maturing April 1, 2054.
“pursuant to which the Company issued to the Purchasers, in a private placement transaction, $120,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $60,000,000 in aggregate principal amount of its 5.48% Series 2024A Senior Unsecured Notes due April 1, 2034 (the “Series 2024A Notes”) and $60,000,000 in aggregate principal amount of its 5.77% Series 2024B Senior Unsecured Notes due April 1, 2054 (the “Series 2024B Notes”) (collectively, the “Notes”).”
Otter Tail Corp incurred senior notes of $60,000,000 with purchasers named in Note Purchase Agreement at 5.48% maturing April 1, 2034.
“pursuant to which the Company issued to the Purchasers, in a private placement transaction, $120,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $60,000,000 in aggregate principal amount of its 5.48% Series 2024A Senior Unsecured Notes due April 1, 2034 (the “Series 2024A Notes”) and $60,000,000 in aggregate principal amount of its 5.77% Series 2024B Senior Unsecured Notes due April 1, 2054 (the “Series 2024B Notes”) (collectively, the “Notes”).”
SILVER STAR PROPERTIES REIT, INC reported a financing event involving guarantee.
“The Company entered into guaranty agreements in favor of the Senior Lender and Junior Lender (each as defined below), whereby the Company, as guarantor, unconditionally guaranties the full and timely performance of the obligations set forth in the loan agreements and all other loan documents, including the payment of all indebtedness and obligations due under the loan agreements.”
SILVER STAR PROPERTIES REIT, INC incurred term loan of $15,000,000 with RMWC Silver Star Lending LLC at one-month CME term SOFR plus 15.00%.
“On March 27, 2024, CRE and CRE II, as co-borrowers, and RMWC Silver Star Lending LLC (“Junior Lender”) entered into a junior term loan agreement (“Junior Loan Agreement”). Pursuant to the Junior Loan Agreement, the Junior Lender made a term loan to CRE and CRE II in the principal amount of $15,000,000.”
SILVER STAR PROPERTIES REIT, INC incurred term loan of $120,000,000 with BSPRT CRE Finance, LLC at one-month CME term SOFR plus 9.38% maturing April 9, 2026.
“On March 27, 2024, CRE and CRE II, as co-borrowers, and BSPRT CRE Finance, LLC (“Senior Lender”) entered into a term loan agreement (“Senior Loan Agreement”). Pursuant to the Senior Loan Agreement, the Senior Lender made a term loan to CRE and CRE II in the principal amount of $120,000,000.”
ONCOR ELECTRIC DELIVERY CO LLC incurred revolving credit of $280 million aggregate principal amount with Wells Fargo Bank, National Association at term secured overnight financing rate for the interest period relevant to such b maturing February 21, 2027.
“On March 28, 2024, Oncor borrowed $280 million aggregate principal amount under the Credit Agreement.”
ONCOR ELECTRIC DELIVERY CO LLC incurred senior notes of $50,000,000 aggregate principal amount of 5.49% Senior Secured Notes, Series G at 5.49% maturing May 1, 2054.
“$50,000,000 aggregate principal amount of 5.49% Senior Secured Notes, Series G, due May 1, 2054”
ONCOR ELECTRIC DELIVERY CO LLC incurred senior notes of $100,000,000 aggregate principal amount of 5.00% Senior Secured Notes, Series F at 5.00% maturing May 1, 2029.
“to the Note Purchase Agreement, on or about April 24, 2024, Oncor intends, subject to the satisfaction of the certain customary closing conditions specified therein, to issue $100,000,000 aggregate principal amount of 5.00% Senior Secured Notes, Series F, due May 1, 2029 (the “Series F Notes”) and $50,000,000 aggregate principal amount of 5.49% Senior Secured”
REED'S, INC. amended senior notes with Wilmington Savings Fund Society, FSB at 10% maturing March 31, 2023.
“On April 1, 2024, Reed’s, a Delaware corporation (“Reed’s” or the “company”), each holder of its 10% Secured Convertible Notes (the “Notes”) and Wilmington Savings Fund Society, FSB, holder representative and collateral agent, entered into an Amendment (“Amendment”) to Limited Waiver, Deferral, and Amendment and Restatement Agreement dated February 12, 2024”
BRUKER CORP incurred term loan of CHF 150 million seven-year term loan facility with Bank of America, N.A. at SARON plus a margin ranging from 1.250% to 1.750% maturing seven-year.
“the Seven-Year Term Loan Agreement provides for a CHF 150 million seven-year term loan facility”
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.