Aditxt, Inc. reported a default on loan of current balance of approximately $2.7 million.
“and the Business Loan and Security Agreement dated November 7, 2023 (the “November Business Loan”) which has a current balance of approximately $2.7 million”
Debt Financings
New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
Aditxt, Inc. reported a default on loan of current balance of approximately $5.2 million.
“As a result of the defaults on the January 2024 Secured Notes and the September 2024 Secured Notes, the Company is in default on the Business Loan and Security Agreement dated January 24, 2024 (the January Business Loan”), which has a current balance of approximately $5.2 million”
Aditxt, Inc. faced acceleration on debt of aggregate principal amount of $8.0 million maturing September 30, 2024.
“an aggregate principal amount of $5.0 million in secured notes of the Company due on January 2, 2024 (the “January 2024 Secured Notes”), (ii) an aggregate principal amount of $8.0 million in secured notes of the Company due on September 30, 2024 (the “September 2024 Secured Notes”), (iii) an aggregate principal amount of $5.0 million in ten-year unsecured notes,”
Aditxt, Inc. faced acceleration on debt of aggregate principal amount of $5.0 million maturing February 29, 2024.
“dated December 11, 2023, pursuant to which the Holders assigned the Notes to the Company in consideration for the issuance by the Company of (i) an aggregate principal amount of $5.0 million in secured notes of the Company due on January 2, 2024 (the “January 2024 Secured Notes”), (ii) an aggregate principal amount of $8.0 million in secured notes of the Company due”
Royale Energy, Inc. incurred term loan of $1,400,000 with Walou Investments, LP at 18.00% maturing August 1, 2025.
“the administrative agent for the Lenders (“ Agent ”). Pursuant to the Note, the Initial Lender agreed to make an initial loan to the Company in the aggregate principal amount of $1,400,000 (the “ Initial Loan ”), and the Additional Lenders may make one or more additional loans (the “ Additional Loans ” and, together with the Initial Loan, the “ Term Loans ”) which,”
KBS Real Estate Investment Trust III, Inc. amended credit facility of $249.2 million with U.S. Bank National Association, Regions Bank, Citizens Bank, City National Bank, Associated Bank at one-month Term SOFR plus 300 basis points maturing April 15, 2024.
“that KBS REIT III will complete the sale of the McEwen Building. As of February 9, 2024, the borrowing capacity under the Modified Portfolio Revolving Loan Facility was $249.2 million, of which $124.6 million was term debt and $124.6 million was revolving debt, all of which was outstanding. The Modified Portfolio Revolving Loan Facility had a maturity date of”
LIBERTY STAR URANIUM & METALS CORP. incurred loan of $210,000 with Peter O'Heeron at 10% per annum maturing February 13, 2025.
“(the “Company”) entered into a Promissory Note Agreement (the “Note”) with Peter O’Heeron, Chairman, Secretary & Treasurer of the Company. The Note was executed to evidence a $210,000 loan to the Company from Mr. O’Heeron. The Company intends to use the proceeds for payment of on-going exploration expense. The Note bears interest at 10% per annum, compounded”
PLUMAS BANCORP incurred lease obligation of approximately $25.7 million with MountainSeed Real Estate Services maturing 15-year lease term.
“MountainSeed Real Estate Services acquired nine properties operated as branches from Plumas Bank and leased each property back to the bank for a 15-year lease term.”
ALEXANDRIA REAL ESTATE EQUITIES, INC. incurred senior notes of $400,000,000 aggregate principal amount of the Company’s 5.250 % Senior Notes due 2036 (the “2036 Notes”) and $600,000,0 with Truist Bank (formerly known as Branch Banking and Trust Company) at 5.250% per year for the 2036 Notes and 5.625% per year for the 2054 Notes maturing May 15, 2036 for the 2036 Notes and May 15, 2054 for the 2054 Notes.
“On February 15, 2024, Alexandria Real Estate Equities, Inc. (the “Company”) issued and sold $400,000,000 aggregate principal amount of the Company’s 5.250 % Senior Notes due 2036 (the “2036 Notes”) and $600,000,000 aggregate principal amount of the Company’s 5.625 % Senior Notes due 2054 (the “2054 Notes,” and together with the 2036 Notes, the “Notes”) in a registered public offering pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission.”
SYNOPSYS INC incurred term loan of up to $4.3 billion with JPMorgan Chase Bank, N.A. (as administrative agent) and the lenders party thereto at Adjusted Term SOFR Rate plus an applicable margin based on the credit ratings of maturing Tranche 1 matures two years after funding; Tranche 2 matures three years after funding.
“On February 13, 2024, Synopsys entered into a Term Loan Facility Credit Agreement (the “Term Loan Agreement”) in connection with the financing of the pending Ansys Merger, by and among Synopsys, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The Term Loan Agreement provides us with the ability to borrow up to $4.3 billion at the closing of the Ansys Merger, subject to satisfaction of customary closing conditions for similar facilities, for the purpose of financing a portion of the cash consideration to be paid in the Ansys Merger and paying related fees and expenses in connection with the Ansys Merger and the other transactions contemplated by the Merger Agreement.”
MITEK SYSTEMS INC incurred revolving credit of $35,000,000 with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company at variable rate equal to (a) term SOFR plus a specified margin or (b) WSJ prime pl maturing three year anniversary of the Closing Date.
“defined herein shall have the meanings ascribed to them in the Credit Agreement. The Credit Agreement provides for a revolving line of credit whereby Borrower may borrow up to $35,000,000 (the “Revolving Line”) with an additional $15,000,000 to be advanced under the Revolving Line at the sole discretion of the Bank. The Revolving Line is secured on a first priority”
MGM Resorts International amended revolving credit of from $1.675 billion to $2.285 billion with Bank of America, N.A. maturing November 24, 2026 to February 9, 2029.
“The Amendment increases the amount of revolving commitments from $1.675 billion to $2.285 billion and extends the maturity date from November 24, 2026 to February 9, 2029.”
ACURA PHARMACEUTICALS, INC incurred loan of $250,000 loan with Abuse Deterrent Pharma, LLC at 5.25% maturing March 31, 2024.
“On February 14, 2024 we received a $250,000 loan from Abuse Deterrent Pharma, LLC (“AD Pharma”). This loan combined with previous loans made to the Company and with the $2,319,279 under the November 10, 2022 Amended Consolidated and Restated Secured Promissory Note, now totals $5,169,279, bears interest at 5.25% and matures on March 31, 2024, at which time all principal and interest is due (“Note”).”
AEMETIS, INC incurred credit facility of $111,000,000 with Protair-X Aemericas, Inc. at the greater of (i) prime rate plus 10% or (ii) 16% maturing April 30, 2025.
“the Credit Agreement would have an effective date of May 1, 2024, a principal amount of $111,000,000, a maturity date of April 30, 2025, and an annual interest rate equal to the greater of (i) prime rate plus 10% or (ii) 16%”
NATIONAL FUEL GAS CO incurred credit facility of $300 million unsecured committed delayed draw term loan credit facility with JPMorgan Chase Bank, N.A., as administrative agent at adjusted term secured overnight financing rate plus an applicable margin of 1.37 maturing February 14, 2026.
“On February 14, 2024, National Fuel Gas Company (the “Company”) entered into a Term Loan Agreement (the “Term Loan Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, and the following lenders: JPMorgan Chase Bank, N.A.; Bank of America, N.A.; PNC Bank, National Association; The Toronto Dominion Bank, New York Branch; U.S. Bank National Association; and Wells Fargo Bank, National Association. The Term Loan Agreement provides a $300 million unsecured committed delayed draw term loan credit facility with a maturity date of February 14, 2026.”
Acri Capital Acquisition Corp incurred loan of $75,000 with Acri Capital Sponsor LLC at non-interest bearing maturing earlier of (i) consummation of the Company’s initial business combination and (ii) the date of the liquidation of the Company.
“On February 13, 2024, an aggregate of $75,000 (the “ Monthly Extension Payment ”) was deposited into the trust account of Acri Capital Acquisition Corporation, a Delaware corporation (the “ Company ”) for the public shareholders, which enabled the Company to extend the period of time it has to consummate its initial business combination by one month from February 14, 2024 to March 14, 2024 (the “ Extension ”). The Extension is the eighth of the nine one-month extensions permitted under the Company’s governing documents. In connection with the Monthly Extension Payment, 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 (subject to the waiver against trust provisions) on the earlier of (i) consummation of the Company’s initial business combination and (ii) the date of the liquidation of the Company.”
Allarity Therapeutics, Inc. incurred convertible notes of $440,000 with 3i, LP at 8% per annum maturing 2025-02-13.
“we issued and sold to the Purchaser a senior convertible promissory note in an aggregate principal amount of $440,000 (the “Principal Amount”) due on February 13, 2025”
INTEGRATED RAIL & RESOURCES ACQUISITION CORP incurred loan of up to an aggregate principal amount of $750,000 with Trident Point 2, LLC at No interest shall accrue on the unpaid principal balance maturing the earlier of (i) November 15, 2024 or (ii) the date on which the Company consummates an initial business combination.
“On February 8, 2024, Integrated Rail and Resources Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Promissory Note”) to Trident Point 2, LLC, a Delaware limited liability company (the “Lender”), pursuant to which the Company is entitled to borrow up to an aggregate principal amount of $750,000 from the Lender in order to fund costs reasonably related to an initial business combination for the Company, including without limitation both the daily operations of the Corporation prior to an initial business combination and potential monthly extensions to the time period for the Corporation to enter into and complete an initial business combination.”
Trump Media & Technology Group Corp. incurred convertible notes of up to $770,000 at bears no interest maturing the earlier of (i) the date on which the Company consummates its Business Combination and (ii) the date that the winding up of the Company is effective.
“Digital World Acquisition Corp., a Delaware corporation (the " Company ") issued six promissory notes (the " Notes " and each a " Note ") to certain accredited investors (the " Holders ") for a total aggregate principal amount of up to $770,000”
MiNK Therapeutics, Inc. incurred convertible notes of up to $5.0 million with Agenus Inc. at 2% maturing on or after January 1, 2026.
“On February 12, 2024, MiNK Therapeutics, Inc. (the “Company”) and Agenus Inc. (“Agenus”) entered into a Convertible Promissory Note Purchase Agreement (the “Purchase Agreement”) pursuant to which the Company issued to Agenus a Convertible Promissory Note in the principal amount of up to $5.0 million (the “Note”).”
Xponential Fitness, Inc. amended term loan of $38.7 million with Wilmington Trust, National Association maturing March 15, 2026.
“MSD Partners (together with the Amendment, the “Credit Agreement”). The Amendment provides for, among other things, additional term loans in an aggregate principal amount of $38.7 million (the “Sixth Amendment Incremental Term Loans”), the proceeds of which will be used to repay an aggregate of $38.7 million in existing term loans under Credit Agreement and for”
Kiromic Biopharma, Inc. incurred convertible notes of $2,000,000 with an accredited investor at 25% per annum maturing February 12, 2025.
“On February 12, 2024, 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 February 12, 2025 (the "Maturity Date"), on which the principal balance and accrued but unpaid interest under the Note shall be due and payable.”
Sunnova Energy International Inc. amended credit facility with Atlas Securitized Products Holdings, L.P..
“On February 14, 2024, Sunnova TEP Holdings, LLC (the "TEPH Borrower"), a wholly owned subsidiary of the Company, entered into that certain First Amendment to Second Amended and Restated Credit Agreement (the "TEPH Amendment"), which, among other things, amends that certain Second Amended and Restated Credit Agreement, dated as of November 3, 2023 (the "TEPH Credit Agreement"), by and among the TEPH Borrower, as borrower, Sunnova TE Management, LLC, as facility administrator, Atlas Securitize”
Sunnova Energy International Inc. incurred senior notes of $15,000,000 9.00% Solar Asset Backed Notes, Series 2024-1, Class C at 9.00% maturing April 30, 2032.
“SOL VI Issuer issued $194,500,000 5.65% Solar Asset Backed Notes, Series 2024-1, Class A (the "Class A Notes"), $16,500,000 7.00% Solar Asset Backed Notes, Series 2024-1, Class B (the "Class B Notes") and $15,000,000 9.00% Solar Asset Backed Notes, Series 2024-1, Class C (the "Class C Notes" and, collectively with the Class A Notes and Class B Notes, the "Notes").”
Sunnova Energy International Inc. incurred senior notes of $16,500,000 7.00% Solar Asset Backed Notes, Series 2024-1, Class B at 7.00% maturing April 30, 2032.
“SOL VI Issuer issued $194,500,000 5.65% Solar Asset Backed Notes, Series 2024-1, Class A (the "Class A Notes"), $16,500,000 7.00% Solar Asset Backed Notes, Series 2024-1, Class B (the "Class B Notes") and $15,000,000 9.00% Solar Asset Backed Notes, Series 2024-1, Class C (the "Class C Notes" and, collectively with the Class A Notes and Class B Notes, the "Notes").”
Sunnova Energy International Inc. incurred senior notes of $194,500,000 5.65% Solar Asset Backed Notes, Series 2024-1, Class A at 5.65% maturing April 30, 2032.
“SOL VI Issuer issued $194,500,000 5.65% Solar Asset Backed Notes, Series 2024-1, Class A (the "Class A Notes"), $16,500,000 7.00% Solar Asset Backed Notes, Series 2024-1, Class B (the "Class B Notes") and $15,000,000 9.00% Solar Asset Backed Notes, Series 2024-1, Class C (the "Class C Notes" and, collectively with the Class A Notes and Class B Notes, the "Notes").”
Serina Therapeutics, Inc. incurred convertible notes of $500,000 with Juvenescence Limited maturing May 9, 2024.
“On February 13, 2024, AgeX drew $500,000 of its credit available from Juvenescence under the Secured Note. The Repayment Date on which the outstanding principal balance of the Secured Note will become due and payable shall be May 9, 2024.”
Invitae Corp faced acceleration on senior notes with U.S. Bank Trust Company, National Association.
“The filing of the Chapter 11 Cases constitutes an event of default that accelerated and, as applicable, increased certain obligations under the following debt instruments and agreements (collectively, the "Debt Instruments"):”
Hillenbrand, Inc. incurred senior notes of $500,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 6.2500% maturing February 15, 2029.
“completed its previously announced underwritten public offering (the “Offering”) of $500,000,000 aggregate principal amount of 6.2500% Senior Notes due 2029”
EQUITY BANCSHARES INC amended credit facility with ServisFirst Bank maturing February 10, 2025.
“The Amendment extended the maturity date of the commitment to extend credit under the Agreement to February 10, 2025.”
BIO-RAD LABORATORIES, INC. incurred revolving credit of $200,000,000 with Wells Fargo Bank, National Association, as agent at Term SOFR plus 0.10% per annum plus the Applicable Margin maturing February 13, 2029.
“all commitments thereunder. No penalties were due in connection with such repayments. Borrowings under the Revolving Credit Agreement are permitted up to a maximum amount of $200,000,000 on a revolving basis, including up to $25,000,000 of letters of credit. Borrowings of revolving loans may be made, at the Borrowers’ election, in U.S. dollars, Euros, Swiss”
MKS INC amended revolving credit of increased the available borrowing capacity under its senior secured revolving credit facility by $175 million with JPMorgan Chase Bank, N.A..
“Pursuant to the Third Amendment, the Company increased the available borrowing capacity under its senior secured revolving credit facility by $175 million (the “Incremental Revolving Commitments”), from $500 million to $675 million.”
UNITED RENTALS NORTH AMERICA INC incurred term loan of $1,000,000,000 with Bank of America N.A. and other financial institutions at Term SOFR rate plus a margin of 1.75% per annum maturing February 14, 2031.
“of Holdings, as grantors, and Bank of America, N.A., as agent. The Amendment and Restatement Agreement provides for a senior secured term loan facility (the “Term Facility”) of $1,000,000,000, which is a new class of incremental term loans made available to the Company to refinance the existing term loans outstanding immediately prior to the entry into the Amendment and”
GROUP 1 AUTOMOTIVE INC incurred credit facility of $250 million with Wells Fargo Bank, National Association at Term SOFR plus 175 basis points maturing March 1, 2031.
“with Wells Fargo Bank, National Association, as lender (the “Lender”), providing term loans on a periodic basis to the Borrowers in a principal amount equaling the lesser of (A) $250 million and (B) 80% of the sum of the value of all mortgaged properties (the “Properties”), calculated for each Property as the lesser of (i) appraised value and (ii) the cost of such”
SYPRIS SOLUTIONS INC incurred loan of $2,500,000 with Gill Family Capital Management, Inc..
“GFCM made a $2,500,000 loan to the Company to bring the total amount of the principal up to $9,000,000”
DIEBOLD NIXDORF, Inc incurred revolving credit of $200 million with PNC Bank, National Association, as administrative agent and collateral agent at adjusted secured overnight financing rate plus 4.00% per annum or an adjusted ba maturing February 13, 2027.
“On February 13, 2024, Diebold Nixdorf, Incorporated (the “Company”), as borrower, entered into a credit agreement (the “Revolving Credit Agreement”) with certain financial institutions party thereto, as lenders, and PNC Bank, National Association, as administrative agent and collateral agent. The Revolving Credit Agreement provides for a superior-priority senior secured revolving credit facility (the “Credit Facility”) in an aggregate principal amount of $200 million, which includes a $50 million letter of credit sub-limit and a $20 million swing loan sub-limit.”
ARES STRATEGIC INCOME FUND amended credit facility of $1.2 billion with Société Générale.
“The SG Funding Facility Amendment, among other things, increased the total commitments under the SG Funding Facility from $1.0 billion to $1.2 billion”
nCino, Inc. amended revolving credit with Bank of America, N.A. maturing February 11, 2025.
“The Amendment extended the existing maturity date of the senior secured revolving credit facility provided for under the Credit Agreement to February 11, 2025.”
Core & Main, Inc. incurred term loan of $750 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the several banks and other financial institutions from time to time party thereto at SOFR (subject to a floor of 0.00%) plus an applicable margin of 2.25% per annum, maturing February 9, 2031.
“agent and collateral agent, and the several banks and other financial institutions from time to time party thereto, in order to, among other things, ( i ) enter into a new $750 million incremental seven-year term loan facility (the “ New Term Loan Facility ”) and ( ii ) amend the Term Loan Credit Agreement to the extent necessary or appropriate to reflect the”
OSR Holdings, Inc. incurred loan of $75,000 with Jun Chul Whang at not interest bearing maturing the earlier of: (i) August 9, 2024 or (ii) the date on which the Company consummates an initial business combination.
“On February 9, 2024, Bellevue Life Sciences Acquisition Corp. (the “ Company ”) issued an unsecured promissory note (the “ Promissory Note ”) in the principal amount of $75,000 to Jun Chul Whang, a member of the Company’s Board of Directors (the “ Board ”).”
Edoc Acquisition Corp. incurred loan of up to $250,000 with American Physicians LLC (the "Sponsor") at bears no interest maturing due and payable upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding u.
“On February 12, 2024, EDOC Acquisition Corp., a special purpose acquisition company incorporated as a Cayman Islands exempted company (the “ Company ”), issued a promissory note (the “ Note ”) in the principal amount of up to $250,000 to American Physicians LLC (the “ Sponsor ”).”
Cigna Group incurred senior notes of $1.5 billion in aggregate principal amount of its 5.600% Senior Notes due 2054 with U.S. Bank Trust Company, National Association at 5.600% maturing due 2054.
“Company and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by Supplemental Indenture No.”
Cigna Group incurred senior notes of $1.25 billion in aggregate principal amount of its 5.250% Senior Notes due 2034 with U.S. Bank Trust Company, National Association at 5.250% maturing due 2034.
“Company and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by Supplemental Indenture No.”
Cigna Group incurred senior notes of $750 million in aggregate principal amount of its 5.125% Senior Notes due 2031 with U.S. Bank Trust Company, National Association at 5.125% maturing due 2031.
“Company and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by Supplemental Indenture No.”
Cigna Group incurred senior notes of $1.0 billion in aggregate principal amount of its 5.000% Senior Notes due 2029 with U.S. Bank Trust Company, National Association at 5.000% maturing due 2029.
“On February 13, 2024, The Cigna Group (the “Company” or “our”) completed its previously announced offering of $1.0 billion in aggregate principal amount of its 5.000% Senior Notes due 2029”
Fortive Corp incurred senior notes of €500 million and €700 million with The Bank of New York Mellon Trust Company, N.A. at 3.700% maturing February 13, 2026 and August 15, 2029.
“On February 13, 2024, Fortive Corporation, a Delaware corporation (the “Company”), completed an offering (the “Offering”) of €500 million aggregate principal amount of its 3.700% Notes due 2026 (the “2026 notes”) and €700 million aggregate principal amount of its 3.700% Notes due 2029 (the “2029 notes” and, together with the 2026 notes, the “notes”).”
TPT GLOBAL TECH, INC. incurred convertible notes of $92,000 with 1800 Diagonal Lending LLC at 12%, 22% upon default.
“TPT Global Tech, Inc. and 1800 Diagonal Lending LLC (“Holder”) entered into a Convertible Promissory Note (“1800 Diagonal Feb 7 Note”, Exhibit 10.1) totaling $92,000”
TransUnion incurred term loan of $1,895,000,000 with Deutsche Bank AG New York Branch at term SOFR, subject to a 0.50% floor, plus an applicable margin of 2.00% or an al maturing December 1, 2028.
“amended to refinance in full all of the Borrower’s outstanding 2021 Incremental Term B-6 Loans with a new tranche of Replacement Term Loans in an aggregate principal amount of $1,895,000,000 (the “2024 Replacement Term B-7 Loans”). In addition, all of the obligations under the Loan Documents were reaffirmed in all respects. The proceeds of the 2024 Replacement Term”
PROJECT SAGE OLDCO, INC. faced acceleration on term loan of approximately $71,780,000 outstanding borrowings.
“and the agent (at the direction of the lenders party thereto) (the “ Prepetition First Lien Term Loan Agreement ”). As of the Petition Date, the Company had approximately $71,780,000 outstanding borrowings under the Prepetition First Lien Loan Agreement. The Prepetition First Lien Term Loan Agreement provides that, as a result of the Chapter 11 Cases, the”
Barings BDC, Inc. incurred senior notes of $300 million with U.S. Bank Trust Company, National Association at 7.000% per year maturing February 15, 2029.
“the issuance and sale of $300 million in aggregate principal amount (the "Offering") of the Company's 7.000% senior, unsecured notes due 2029”
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.