New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $100 million aggregate principal amount with The Bank of New York Mellon at 5.24% maturing March 20, 2034.
“$100 million aggregate principal amount of its First Mortgage Bonds, 5.24% Series due March 20, 2034”
DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $100 million aggregate principal amount with The Bank of New York Mellon at 5.49% maturing August 28, 2039.
“$100 million aggregate principal amount of its First Mortgage Bonds, 5.49% Series due August 28, 2039”
DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $75 million aggregate principal amount with The Bank of New York Mellon at 5.29% maturing August 28, 2034.
“$75 million aggregate principal amount of its First Mortgage Bonds, 5.29% Series due August 28, 2034”
DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $75 million aggregate principal amount with The Bank of New York Mellon at 5.55% maturing March 20, 2054.
“$75 million aggregate principal amount of its First Mortgage Bonds, 5.55% Series due March 20, 2054”
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.
“On March 15, 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.”
Edible Garden AG Inc incurred debt of $1,491,000 with Cedar Advance LLC.
“On March 14, 2024, Edible Garden AG Incorporated (the “Company”) entered into a standard merchant cash advance agreement (the “Agreement”) with Cedar Advance LLC (“Cedar”), dated as of March 12, 2024, pursuant to which the Company sold to Cedar $1,491,000 of its future accounts receivable for a purchase price of $1,050,000, less fees and expenses of $50,000, for net funds provided of $1,000,000.”
Cannabist Co Holdings Inc. incurred convertible notes of US$25.75 million aggregate principal amount with institutional investors at 9.00% per year maturing March 2027.
“On or about March 15, 2024, The Cannabist Company Holdings Inc. (the “Company”) entered into subscription agreements with institutional investors (the “Investors”) for the purchase and sale of US$25.75 million aggregate principal amount of 9.00% senior secured convertible notes due 2027 (the “Notes”)”
Goldman Sachs Private Middle Market Credit II LLC amended credit facility with JPMorgan Chase Bank, National Association, as administrative agent and lender at transitioned the interest rate benchmark for loans denominated in Canadian Dolla.
“The Fifth Amendment (i) transitioned the interest rate benchmark for loans denominated in Canadian Dollars from CDOR to Term CORRA”
Nuveen Churchill Direct Lending Corp. amended revolving credit of $150 million with Wells Fargo Bank, National Association.
“The Amendment, among other changes, decreases the maximum facility amount available under the Loan Agreement from $275 million to $150 million”
NightFood Holdings, Inc. incurred loan of $336,000.00 with Mast Hill Fund, L.P. maturing 12-month anniversary of the Issuance Date.
“On March 15, 2024, Nightfood Holdings, Inc. (the “Company”) consummated the transactions pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) dated as of March 12, 2024 (the “Effective Date”) and issued and sold to Mast Hill Fund, L.P. (“Mast Hill”), a Promissory Note (the “Note”) in the principal amount of $336,000.00”
MiX Telematics Ltd incurred credit facility of R350,000,000 with FirstRand Bank Limited at South African prime rate minus 0.75% per annum maturing the earlier of the end of the Availability Period or April 2, 2025.
“on March 14, 2024, the Company entered into a Facility Letter and Standard Terms and Conditions (collectively, the “Credit Agreement”) with FirstRand Bank Limited (the “Bank”) as lender, pursuant to which the Bank agreed to provide the Company with a 365-day committed general credit facility of R350,000,000”
PennyMac Mortgage Investment Trust incurred credit facility of $2 billion with Goldman Sachs Bank, USA maturing March 15, 2026.
“to expire on March 15, 2026, at which point the Series 2024-VF1 Note amortizes over 12 months prior to termination. The maximum principal balance of the Series 2024-VF1 Note is $2 billion and the aggregate committed amount is $375 million. The Series 2024-VF1 Note is pari passu with the other variable funding notes, term notes, and term loans previously issued as”
AFFILIATED MANAGERS GROUP, INC. incurred senior notes of $450,000,000 at 6.750% maturing March 30, 2064.
“On March 20, 2024, Affiliated Managers Group, Inc. (the “Company”) completed the issuance and sale of $450,000,000 aggregate principal amount of the Company’s 6.750% Junior Subordinated Notes due 2064”
HONEYWELL INTERNATIONAL INC incurred revolving credit of $4.0 billion with Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents at prevailing market rates, plus a margin maturing March 18, 2029.
“as syndication agents, and the documentation agents named therein. The 5-Year Credit Agreement provides for revolving credit commitments in an aggregate principal amount of $4.0 billion and is maintained for general corporate purposes. Commitments under the 5-Year Credit Agreement can be increased pursuant to the terms of the 5-Year Credit Agreement to an”
HONEYWELL INTERNATIONAL INC incurred revolving credit of $1.5 billion with Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents at prevailing market rates, plus a margin maturing March 17, 2025.
“provides for revolving credit commitments in an aggregate principal amount of $1.5 billion”
Cheniere Energy, Inc. incurred senior notes of $1.5 billion aggregate principal amount with The Bank of New York Mellon at 5.650% per annum maturing April 15, 2034.
“Cheniere Energy, Inc. (“Cheniere”) closed the sale of its previously announced offering of $1.5 billion aggregate principal amount of 5.650% senior notes due 2034 (the “Notes”).”
Bright Green Corp incurred revolving credit of up to a maximum amount of $60 million with JVR Holdings at fixed rate per annum equal to 14.0% maturing May 1, 2034.
“On March 14, 2024, Bright Green Corporation, a Delaware corporation ("Company") entered into a credit agreement (the "Credit Agreement") with JVR Holdings (the "Lender"), pursuant to which the Lender agreed to provide the Company with a line of credit facility (the "Line of Credit") up to a maximum amount of $60 million, from which the Company may draw down a maximum of 12 times prior to the Maturity Date (as defined below) of the Line of Credit.”
Drilling Tools International Corp incurred credit facility of revolving line of credit in a principal amount up to $80,000,000 and a single draw term loan in a principal amount of $2 with PNC Bank, National Association maturing March 2029.
““ Company ”) refinanced its revolving credit facility (the “ Refinancing ”) by entering into a Second Amended and Restated Revolving Credit, Term Loan and Security and Guaranty Agreement (the “ Credit Facility ”) with certain of the Company’s subsidiaries and PNC Bank, National Association as lender and as agent (“ PNC ”). Pursuant to the terms of the Credit Facility, the Company will be provided a revolving line of credit in a principal amount up to $80,000,000 and a single draw term loan in a principal amount of $25,000,000.”
CF Acquisition Corp. VII incurred loan of up to $1,200,000 with CFAC Holdings VII, LLC maturing upon the earlier of (a) the date of the consummation of a Business Combination or (b) the date of the liquidation of the Company.
“On March 14, 2024, CF Acquisition Corp. VII (the " Company ") issued a promissory note (the " Note ") in the principal amount of up to $1,200,000 to CFAC Holdings VII, LLC (the " Sponsor "),”
AEON Biopharma, Inc. incurred convertible notes of $15.0 million with Daewoong Pharmaceutical Co., LTD. at 15.79% maturing three years from the funding date.
“On March 19, 2024, AEON Biopharma, Inc. (“AEON” or the “Company”) and AEON Biopharma Sub, Inc., a subsidiary of the Company (“AEON Sub”), entered into a subscription agreement (the “Subscription Agreement”) with Daewoong Pharmaceutical Co., LTD. (“Daewoong”) relating to the sale and issuance by the Company of senior secured convertible notes (each, a “Convertible Note” and together, the “Convertible Notes”) in the principal amount of up to $15.0 million”
Sabre Corp incurred convertible notes of $150.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 7.32% per year maturing August 1, 2026.
“Agreement In connection with the previously announced exchange (the “Exchange”) by Sabre GLBL Inc. (“Sabre GLBL”), a wholly-owned subsidiary of Sabre Corporation (“Sabre”), of $150.0 million aggregate principal amount of its outstanding 4.000% Exchangeable Senior Notes due 2025 (the “Existing Exchangeable Notes”) for $150.0 million aggregate principal amount of Sabre”
Rithm Capital Corp. incurred senior notes of $775 million aggregate principal amount with U.S. Bank Trust Company, National Association at 8.000% per annum maturing April 1, 2029.
“On March 19, 2024, Rithm Capital Corp. (the “Company”) closed its previously announced private offering of $ 775 million aggregate principal amount of 8.000 % senior unsecured notes due 20 29 (the “Notes”).”
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, 2025.
“Agreement, as modified by the 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, 2025 in order to provide additional capital to facilitate the Company’s operations. Drawings may be made by the Company”
GTJ REIT, INC. incurred term loan of $125 million with American General Life Insurance Company at 6.12% per annum maturing April 1, 2031.
“On March 15, 2024 (the “Closing Date”), certain indirect subsidiaries (collectively, the “Borrowers”) of GTJ REIT, Inc., a Maryland corporation (the “Company”), refinanced the current outstanding debt on certain properties (the “Refinancing”) by entering into a new loan agreement (the “Loan Agreement”) with American General Life Insurance Company as lender (the “Lender”). The Loan Agreement provides for a secured loan in the aggregate principal amount of $125 million (the “Loan Facility”). The Loan Facility is a seven-year term loan that requires the Borrowers to make payments based on a 30-year amortization schedule at the rate of 6.12% per annum with the entire principal balance plus any accrued and unpaid interest due and payable on April 1, 2031.”
Strategy Inc incurred senior notes of $603.75 million with Citigroup Global Markets Inc., as representative of the several initial purchasers at 0.875% per year maturing March 15, 2031.
“buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the notes sold in the offering was $603.75 million, which includes $78.75 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 13-day period beginning on, and including, the date on which”
COLUMBUS MCKINNON CORP amended term loan with JPMorgan Chase Bank, N.A., as administrative agent at 2.50% for term SOFR borrowings and 1.50% for base rate borrowings.
“The Fourth Amendment reduces the interest rate margin applicable to the term loan B outstanding under the Credit Agreement (the “Term Loan B”) by 25 basis points for both term SOFR borrowings and base rate borrowings.”
TRINITY INDUSTRIES INC incurred credit facility of approximate initial principal amount of $660,000,000 with Atlas Securitized Products Administration, L.P. at one-month term SOFR, plus a facility margin of 1.75% per annum maturing March 15, 2028.
“On the same date, TRLWT completed the initial funding of an approximately $660,000,000 loan under the Loan Agreement.”
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP incurred term loan of $225.0 million at range between 1.000% and 1.750% for Term SOFR maturing the fifth anniversary of the Closing Date.
“on March 14, 2024 (the “Closing Date”), Westinghouse Air Brake Technologies Corporation (the “Company” or “Wabtec”) entered into a Term Credit Agreement, dated as of March 14, 2024 (the “2024 Credit Agreement”). The 2024 Credit Agreement is a standalone credit agreement, consisting of a new term loan facility in an aggregate initial principal amount of $225.0 million U.S. dollars (“2024 Term Loan Facility”).”
BEAZER HOMES USA INC incurred senior notes of $250 million aggregate principal amount with Regions Bank, as trustee at 7.500% maturing March 15, 2031.
“On March 15, 2024, Beazer Homes USA, Inc. (the “Company”) issued and sold $250 million aggregate principal amount of its 7.500% Senior Notes due 2031”
ACURA PHARMACEUTICALS, INC incurred loan of $250,000 with Abuse Deterrent Pharma, LLC at 5.25% maturing March 31, 2024.
“On March 14, 2024 we received a $250,000 loan from Abuse Deterrent Pharma, LLC (“AD Pharma”).”
CLEVELAND-CLIFFS INC. incurred senior notes of $825,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.000% maturing March 15, 2032.
“On March 18, 2024, Cleveland-Cliffs Inc. (the “Company”) issued $825,000,000 aggregate principal amount of 7.000% senior unsecured guaranteed notes due 2032 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).”
IPALCO ENTERPRISES, INC. incurred senior notes of $650 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 5.700% maturing April 1, 2054.
“On March 18, 2024, AES Indiana completed its previously announced sale of $650 million aggregate principal amount of 5.700% First Mortgage Bonds due 2054 (the “Bonds”) pursuant to Rule 144A and Regulation S under the Securities Act.”
IPALCO ENTERPRISES, INC. incurred senior notes of $400 million aggregate principal amount with U.S. Bank Trust Company, National Association at 5.750% maturing April 1, 2034.
“On March 14, 2024, IPALCO Enterprises, Inc. (“IPALCO”) completed its previously announced sale of $400 million aggregate principal amount of 5.750% senior secured notes due 2034 (the “Notes”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).”
AVIS BUDGET GROUP, INC. incurred debt of $700 million with The Bank of New York Mellon Trust Company, N.A. maturing five years.
“On the Closing Date, ABRCF also issued $700 million of asset-backed securities with a maturity of five years”
AVIS BUDGET GROUP, INC. incurred debt of $400 million with The Bank of New York Mellon Trust Company, N.A. maturing three years.
“On March 12, 2024 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $400 million of asset-backed securities with a maturity of three years”
nCino, Inc. amended revolving credit of up to $100,000,000 with Bank of America, N.A. at Term SOFR rate plus a margin of 2.3125% maturing March 17, 2029.
“certain subsidiaries of the Company as guarantors and the Lender, pursuant to which the Lender is providing to the Borrower a senior secured revolving credit facility of up to $100,000,000 (the “Credit Facility”). The Credit Facility includes borrowing capacity available for letters of credit subject to a sublimit of $7,500,000. Any issuance of letters of credit”
Eightco Holdings Inc. amended convertible notes with the Sellers.
“On March 17, 2024, the Company entered into an agreement to amend certain provisions of the Seller Notes (the “ Seller Notes Amendment ”). Pursuant to the Seller Notes Amendment, the Sellers agreed, among other things, to (i) forgive, without the payment of any additional consideration, accrued interest on the Seller Notes in an aggregate amount of approximately $3.0 million, (ii) convert approximately $1.1 million of accrued interest on the Seller Notes into 1.4 million shares of common stock of the Company, par value $0.001 per share (the “ Common Stock ”), and (iii) defer interest and any payments due on the Seller Notes until October 30, 2024.”
Eightco Holdings Inc. incurred credit facility of up to $5,000,000 with the lenders party thereto from to time.
“On March 15, 2024, Forever 8 Fund, LLC (“ Forever 8 ”), a wholly owned subsidiary of Eightco Holdings Inc. (the “ Company ”), entered into the Series D Loan and Security Agreement (the “ Series D Agreement ”), with the lenders party thereto from to time (collectively, the “ Lenders ”) for an amount of up to $5,000,000.”
JOANN Inc. reported a default on revolving credit of approximately $402.1 million of borrowings (plus any accrued but unpaid interest and fees in respect thereof) with unknown at not specified maturing not specified.
“The filing of the Chapter 11 Cases constitutes an event of default that accelerated obligations under the following material debt instruments and agreements (the “Debt Documents”): • approximately $658.1 million of borrowings (plus any accrued but unpaid interest in respect thereof) under that certain Credit Agreement, dated as of October 21, 2016, as amended by that certain Incremental Amendment No. 1 on July 21, 2017 and that certain Amendment No. 2 on July 7, 2021 (the “Term Loan Credit Agreement”); and • approximately $402.1 million of borrowings (plus any accrued but unpaid interest and fees in respect thereof) under that certain Amended and Restated Credit Agreement, dated as of October 21, 2016, as amended by that certain First Amendment on November 25, 2020, that certain Second Amendment on December 22, 2021, and that certain Third Amendment, dated as of March 10, 2023 (the “ABL Credit Agreement”).”
JOANN Inc. reported a default on term loan of approximately $658.1 million of borrowings (plus any accrued but unpaid interest in respect thereof) with unknown at not specified maturing not specified.
“The filing of the Chapter 11 Cases constitutes an event of default that accelerated obligations under the following material debt instruments and agreements (the “Debt Documents”): • approximately $658.1 million of borrowings (plus any accrued but unpaid interest in respect thereof) under that certain Credit Agreement, dated as of October 21, 2016, as amended by that certain Incremental Amendment No. 1 on July 21, 2017 and that certain Amendment No. 2 on July 7, 2021 (the “Term Loan Credit Agreement”); and • approximately $402.1 million of borrowings (plus any accrued but unpaid interest and fees in respect thereof) under that certain Amended and Restated Credit Agreement, dated as of October 21, 2016, as amended by that certain First Amendment on November 25, 2020, that certain Second Amendment on December 22, 2021, and that certain Third Amendment, dated as of March 10, 2023 (the “ABL Credit Agreement”).”
VIP Play, Inc. incurred loan of $350,000 with Excel Family Partners, LLLP at 15.0%.
“ine Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”)”
Fisker Inc./DE reported a default on convertible notes.
“Fisker did not make a required interest payment of approximately $8.4 million payable in cash on March 15, 2024”
Fisker Inc./DE incurred convertible notes of up to $166.67 million in aggregate principal amount at 3-month SOFR plus 12% per annum maturing earlier of (i) three (3) months from the date of issuance of the First Tranche, (ii) the effective date of a registration statement for the primary sale of regi.
“providing for the sale of up to $166.67 million in aggregate principal amount of senior secured convertible notes”
VICI PROPERTIES INC. incurred senior notes of $500,000,000 aggregate principal amount of 6.125% Notes due 2054 with UMB Bank, National Association at 6.125% per annum maturing April 1, 2054.
“022 (the “Base Indenture”), between VICI LP, as issuer, and UMB Bank, National Association, as trustee (the “Trustee”), as supplemented by a Second Supplemental Indenture, dated as of March 18, 2024 (the “Second Supplemental Indenture””
VICI PROPERTIES INC. incurred senior notes of $550,000,000 aggregate principal amount of 5.750% Notes due 2034 with UMB Bank, National Association at 5.750% per annum maturing April 1, 2034.
“On March 18, 2024, VICI Properties L.P., a Delaware limited partnership (“VICI LP”), completed the previously announced offering of $550,000,000 aggregate principal amount of 5.750% Notes due 2034”
Coinbase Global, Inc. incurred convertible notes of $1.265 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 0.25% per year maturing April 1, 2030.
“On March 18, 2024, Coinbase Global, Inc. (the “Company”) completed its previously announced private offering of $1.265 billion aggregate principal amount of 0.25% Convertible Senior Notes due 2030 (the “Notes”), which includes the full exercise by the Initial Purchasers (as defined below) of their option to purchase up to an additional $165.0 million aggregate principal amount of Notes.”
Dell Technologies Inc. incurred senior notes of $1,000,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 5.400% per year maturing April 15, 2034.
“completed a public offering (the “Offering”) of $1,000,000,000 aggregate principal amount of the Issuers’ 5.400% Senior Notes due 2034”
Turtle Beach Corp incurred term loan of $50 million with Blue Torch Finance, LLC at SOFR plus 8.25% per annum for SOFR Loans if the total net leverage ratio is grea maturing March 13, 2027.
“On March 13, 2024, the Company entered into a new financing agreement (the “Term Loan Financing Agreement”) by and among the Company, Voyetra Turtle Beach, Inc., a Delaware corporation, as borrower (“VTB”), VTB Holdings, Inc., a Delaware corporation, each subsidiary of the Company listed as a guarantor on the signature pages thereto, the lenders from time to time party thereto, and Blue Torch Finance, LLC, a Delaware limited liability company (“the “Term Agent”), as administrative agent and collateral agent (“Blue Torch”), pursuant to which Blue Torch made a loan to VTB in the aggregate amount of $50 million (the “Term Loan Facility”)”
BRUNSWICK CORP incurred senior notes of $400,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee at 5.850% per year maturing March 18, 2029.
“$400,000,000 aggregate principal amount of the Notes were sold in a public offering”
BlackRock TCP Capital Corp. amended credit facility of $265 million with Citibank, N.A. at SOFR rate plus Applicable Margin maturing September 6, 2027.
“On March 18, 2024, BCIC Merger Sub, LLC, a Delaware limited liability company (the "Successor Company"), an indirect wholly-owned subsidiary of BlackRock TCP Capital Corp., a Delaware corporation (the "Company"), entered into an assumption agreement (the "Credit Assumption Agreement"), effective as of the closing of the Merger (as defined below). The Credit Assumption Agreement relates to the Successor Company's assumption of that certain Second Amended and Restated Senior Secured Revolving Credit Agreement, originally entered into on February 19, 2016 (as amended as of August 8, 2016, June 5, 2017, March 15, 2018, August 30, 2019, May 22, 2020, April 23, 2021, April 26, 2023 and September 6, 2023, and as further amended from time to time, the "Credit Facility"), by and among BCIC (as defined below), as borrower, Citibank, N.A., as administrative agent and the other parties thereto. Currently, the commitment under the Credit Facility is $265 million; however, the commitment can also be”
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.