New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
Sotherly Hotels Inc. incurred loan of $35.0 million with Citi Real Estate Funding Inc. at 8.49% maturing March 6, 2029.
“On February 7, 2024, affiliates of Sotherly Hotels Inc. (the “Company”), the sole general partner of Sotherly Hotels LP (the “Operating Partnership”), entered into loan documents to secure a $35.0 million mortgage loan (the “Mortgage Loan”) on the Hotel Alba Tampa (the “Hotel”) located in Tampa, FL with Citi Real Estate Funding Inc.”
CODEXIS, INC. incurred term loan of up to $40.0 million with Innovatus Life Sciences Lending Fund I, LP at the greater of (i) Primate Rate and (ii) 7.50%, plus (b) 3.25% maturing 5th anniversary of the initial funding date.
“Lenders listed on Schedule 1.1 thereto, pursuant to which Innovatus, as a Lender, has agreed to make certain term loans to the Company in the aggregate principal amount of up to $40.0 million (the “Term Loans”). Funding of the first $30.0 million tranche was completed on February 13, 2024. The Company will be eligible to draw on a second tranche of $10.0 million upon”
Brownie's Marine Group, Inc incurred loan of $280,000 with Charles Hyatt at 9.9% maturing August 7, 2024.
“On February 8, 2024, Brownies Marine Group, Inc. (the “Company”), issued a promissory note (the “Note”) to Charles Hyatt, a director of the Company (the “Lender”) in the principal amount of $280,000. The Note bears interest is payable in monthly installments at the rate of 9.9%per annum and matures on August 7, 2024.”
REED'S, INC. amended convertible notes with Holders of 10% Secured Convertible Notes (represented by Wilmington Savings Fund Society, FSB) at 10% per annum maturing one year from the date of execution of the Amended and Restated Option Notes.
“On February 12, 2024, Reed’s entered into a Limited Waiver, Deferral, and Amendment and Restatement Agreement (“Waiver and Amendment”) with each holder of its 10% Secured Convertible Notes (the “Notes”) and Wilmington Savings Fund Society, FSB, holder representative and collateral agent.”
Idaho Strategic Resources, Inc. incurred loan of Six Hundred and Fifty Thousand Dollars ($650,000) with Bell Run Properties, L.L.C. at 5% maturing February 8, 2027.
“On February 8, 2024, the Company entered into a promissory note (the "Note") in the principal amount of Six Hundred and Fifty Thousand Dollars ($650,000) at an interest rate of 5% to be paid to Bell Run.”
TrueBlue, Inc. incurred revolving credit of $255 million with Bank of America, N.A. at variable rate of interest on the outstanding principal balance maturing five years.
“The Agreement provides a senior secured revolving line of credit facility of up to $255 million, matures in five years”
APx Acquisition Corp. I amended debt of $2,000,000 with Templar LLC.
“On February 9, 2024, the Company and Templar amended and restated the Note (the “Amended and Restated Note”), to increase the maximum principal amount from $500,000 to $2,000,000”
APx Acquisition Corp. I incurred loan of $500,000 with Templar LLC maturing the date on which the Company consummates its initial business combination.
“On September 8, 2023, APX Acquisition Corp. I (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of $500,000 to Templar LLC (“Templar”).”
Nova Vision Acquisition Corp incurred loan of $48,750 with Nova Pulsar Holdings Limited at does not bear interest maturing upon the closing of a business combination by the Company.
“On February 9, 2024, Nova Vision Acquisition Corp. (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $48,750 (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 working capital.”
Nova Vision Acquisition Corp incurred loan of $69,763.37 with Nova Pulsar Holdings Limited at does not bear interest maturing upon the closing of a business combination by the Company.
“On February 8, 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”)”
Churchill Capital Corp VII amended loan with Churchill Sponsor VII LLC maturing maturity as defined in the Promissory Note.
“On February 9, 2024, Churchill Capital Corp VII ( “Churchill VII”) and Churchill Sponsor VII LLC (the “Sponsor”) entered into an amendment to that certain non-interest bearing, unsecured promissory note (as amended, the “Promissory Note”), issued by Churchill VII to the Sponsor on May 16, 2023, pursuant to which the Sponsor has agreed to continue to make monthly deposits directly to the trust account (the “Trust Account”) of $1 million per month (each deposit, a “Contribution”) on the terms described below.”
Polished.com Inc. faced acceleration on credit facility of $91,250,000 with Bank of America, N.A. at Default Rate.
“the Credit Agreement and each other Loan Document (as defined in the Credit Agreement). As of February 12, 2024, the outstanding principal balance under the Credit Agreement was $91,250,000. The Notice of Acceleration declares that the Company’s outstanding obligations under the Credit Agreement bear interest at the Default Rate (as defined in the Credit Agreement)”
NextDecade Corp incurred senior notes of $190 million aggregate principal amount with Wilmington Trust, National Association, as Trustee at 6.85% per annum maturing June 2047.
“issued and sold $190 million aggregate principal amount of 6.85% Senior Secured Notes due 2047”
Science Applications International Corp incurred term loan of $510,250,000 with Citibank, N.A. at Term SOFR or a base rate, plus an applicable margin of 1.875% for Term SOFR loan maturing February 08, 2031.
“The Amendment established a new senior secured term loan “B” credit facility commitment in the amount of $510,250,000 (the "Tranche B3 Loans").”
KBS Real Estate Investment Trust III, Inc. amended credit facility of aggregate outstanding balance approximately $601.3 million with Bank of America, N.A., as administrative agent; Wells Fargo Bank, N.A., as syndication agent; Portfolio Loan Lenders at not explicitly stated maturing extended to August 6, 2024.
“to extend the maturity of the facility to August 6, 2024. The aggregate outstanding principal balance of the Amended and Restated Portfolio Loan Facility was approximately $601.3 million as of February 6, 2024. Under the Fourth Extension Agreement, the Agent and the Portfolio Loan Lenders waived the requirement for the Properties to satisfy the minimum required”
Vivakor, Inc. incurred term loan of $3,000,000 with Cedarview Opportunities Master Fund LP at 22% per annum maturing May 5, 2025.
“the Company issued a secured promissory note (the “ Note ”) in the principal amount of $3,000,000, and the Lenders agreed to provide a $3,000,000 term loan to the Company (the “ Term Loan ”).”
KRONOS WORLDWIDE INC incurred senior notes of €276,174,000 with Deutsche Bank Trust Company Americas at 9.50% per annum maturing March 15, 2029.
“On February 12, 2024, the Issuer issued €276,174,000 aggregate principal amount of New Notes, which are governed by the New Notes Indenture, dated as of February 12, 2024, by and among the Issuer, the Guarantors, and Deutsche Bank Trust Company Americas, as trustee, collateral agent, paying agent, transfer agent and registrar thereunder. The New Notes are the senior secured obligations of the Issuer and the Guarantors, bearing interest at a rate of 9.50% per annum, and will mature on March 15, 2029.”
POTBELLY CORP incurred revolving credit of $30,000,000 with Wintrust Bank, N.A. at one-month term SOFR or the base rate plus an applicable rate per annum maturing February 7, 2027.
“The Credit Agreement provides for a revolving loan facility with an aggregate commitment of $30,000,000”
BRUKER CORP incurred senior notes of CHF 50 million aggregate principal amount of 2.60% Series A Senior Notes due April 15, 2036 and CHF 50 million aggregate with institutional accredited investors named therein at 2.60% and 2.62% maturing April 15, 2036 and April 15, 2039.
“On February 8, 2024, Bruker Corporation (the “Company”) entered into a note purchase agreement among the Company and the institutional accredited investors named therein (the “Note Purchase Agreement”), pursuant to which the Company will issue and sell (i) CHF 50 million aggregate principal amount of 2.60% Series A Senior Notes due April 15, 2036 (the “Series A Notes”) and (ii) CHF 50 million aggregate principal amount of its 2.62% Series B Senior Notes due April 15, 2039 (the “Series B Notes” together with the Series A Notes, the “Notes”)”
AgEagle Aerial Systems Inc. incurred convertible notes with Alpha.
“on February 8, 2024, the Company issued the Convertible Note, which is convertible into shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) at an initial conversion price of $0.10 per share of Common Stock, subject to adjustment based on the Company’s reverse stock split, and as otherwise described therein.”
NEWELL BRANDS INC. amended revolving credit of reduces the Commitments of the Lenders from $1.5 billion to $1 billion with JPMorgan Chase Bank, N.A., as Administrative Agent.
“ubsidiaries, as subsidiary borrowers (the “Subsidiary Borrowers”), and certain of its subsidiaries, as subsidiary guarantors, entered into a second amendment to the five-year revolving credit agreement (the “Second Amendment”) with a syndicate of banks led by JPMorgan Chase Bank, N.A., as Administrative Agent. The Second Amendment amends the Company’s existing revolving credit agreement, dated as of August 31, 2022, among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents and lenders party thereto (as amended, including by the Second Amendment, the “Revolving Credit Agreement”).”
MYERS INDUSTRIES INC amended credit facility with JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto at increase the applicable margins for the loans under the Amended Loan Agreement a.
“increase the applicable margins for the loans under the Amended Loan Agreement and such increase shall range between 1.775% to 2.35% for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and between 0.775% and 1.35% for base rate loans”
MYERS INDUSTRIES INC incurred term loan of $400 million with JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto at 1.775% to 2.35% for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and bet maturing fifth anniversary of the Amendment.
“permit a new term loan facility (the “Term Loan Facility”) in the aggregate principal amount of $400 million (the “Term Loans”) as an Incremental Term Loan (as defined in the Existing Loan Agreement)”
Sixth Street Lending Partners amended revolving credit of from $725 million to $1 billion maturing February 8, 2028.
“increases the aggregate commitments under the Revolving Credit Facility from $725 million to $1 billion, (b) extends the termination of the revolving period to February 8, 2028 and the stated maturity date to February 8, 2029”
Lakeshore Acquisition II Corp. incurred loan of $20,000 with Nature’s Miracle at does not bear interest maturing matures upon the earlier of (i) the closing of the Company’s initial business combination and (ii) March 11, 2024.
“issued an unsecured promissory note dated February 6, 2024, in the aggregate principal amount of $20,000 (the “Note”) to Nature’s Miracle”
Couchbase, Inc. incurred revolving credit of up to $25.0 million with MUFG Bank, Ltd. at Term SOFR ... plus 3.0% maturing third anniversary of the closing date.
“and MUFG Bank, Ltd., as lender (the “Lender”). The Loan Agreement provides for a three-year senior secured revolving loan facility in an aggregate principal amount of up to $25.0 million, including a letter of credit sublimit of up to $5.0 million. The revolving loan facility contains an uncommitted accordion feature pursuant to which the revolving loan facility”
ARYA Sciences Acquisition Corp IV incurred convertible notes of $1,000,000 with ARYA Sciences Holdings IV at no interest maturing on the effective date of an initial merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.
“On February 8, 2024, ARYA Sciences Acquisition Corp IV (the “Company”) issued an unsecured convertible promissory note (the “Fourth Promissory Note”) to ARYA Sciences Holdings IV (the “Sponsor”), pursuant to which the Company may borrow $1,000,000 (the “Working Capital Loan”) from the Sponsor for general corporate purposes”
Greenbrook TMS Inc. incurred credit facility of US$1,522,843 with Madryn Fund Administration, LLC at 9.0% plus the 3-month term Secured Overnight Financing Rate (subject to a floor maturing 63 months with four years of interest-only payments; outstanding principal due in five equal quarterly installments beginning September 30, 2026.
“On February 5, 2024, Greenbrook TMS Inc. (the “ Company ”) entered into the twenty-fourth amendment (the “ Amendment ”) to the Company’s credit agreement, dated as of July 14, 2022 (as previously amended and as amended by the Amendment, the “ Credit Agreement ”), by and among the Company, certain of its subsidiaries party thereto as guarantors, Madryn Fund Administration, LLC, as administrative agent (“ Madryn ”) and the lenders party thereto. Pursuant to the Amendment, the Company borrowed US$1,522,843 in senior secured term loans (the “ New Loan ”), the proceeds of which are expected to be used by the Company for general corporate and working capital purposes.”
CISCO SYSTEMS, INC. incurred revolving credit of $5.0 billion with Bank of America, N.A. at margin based on Cisco's senior debt credit ratings plus Term SOFR, Base Rate, EU maturing five year.
““Lenders”) and Bank of America, N.A. (“Bank of America”), as administrative agent, swing line lender and a letter of credit issuer. The Credit Agreement provides for a five year $5.0 billion unsecured revolving credit facility (the “Facility”), which includes a $250 million sublimit for the issuance of standby letters of credit, a $250 million sublimit for swingline”
AgEagle Aerial Systems Inc. incurred convertible notes of $4,849,491 with Alpha Capital Anstalt at 12% per annum maturing January 8, 2024.
“Agreement (the “ Exchange Agreement ”), pursuant to which the parties agreed to exchange the Original Note for a Convertible Note due January 8, 2024 in the principal amount of $4,849,491 (the “ Convertible Note ”), convertible into Common Stock at the initial conversion price of $0.10 per share of Common Stock, subject to adjustment based on the effectiveness of”
iCoreConnect Inc. incurred convertible notes of $5,000 at 12% per annum maturing February 1, 2025.
“On February 1, 2024, the Company entered into a securities purchase agreement with an investor, pursuant to which the Company issued the investor a convertible note in principal amount of $5,000 in exchange for $5,000. The maturity of the convertible note is February 1, 2025 and carries an interest rate of 12% per annum”
iCoreConnect Inc. incurred convertible notes of $50,000 at 12% per annum maturing February 1, 2025.
“On February 1, 2024, the Company entered into a securities purchase agreement with an investor, pursuant to which the Company issued the investor a convertible note in principal amount of $50,000 in exchange for $50,000. The maturity of the convertible note is February 1, 2025 and carries an interest rate of 12% per annum”
Banzai International, Inc. incurred loan of $1,000,000 with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited at not specified maturing December 1, 2024.
“(ii) issued to GEM, on February 5, 2024, an unsecured promissory note in the amount of $1.0 million, payable in monthly installments of $100,000 beginning on March 1, 2024, with the final payment to be made on December 1, 2024 (the “ GEM Promissory Note ”).”
Banzai International, Inc. incurred revolving credit of $1,000,000 with Yorkville Advisors Global, LP at 0% maturing June 14, 2024.
“5, 2024, the Company and Yorkville entered into a supplemental agreement (the “ SEPA Supplemental Agreement ”) to increase the amount of the Pre-Paid Advance under the SEPA by $1.0 million (the “ Additional Pre-Paid Advance Amount ”), for an aggregate principal amount of $4.5 million to be advanced by Yorkville to the Company under the SEPA and SEPA Supplemental”
Zai Lab Ltd incurred credit facility of up to RMB230.3 million (approximately $32.4 million), of which the Company is authorized to utilize up to RMB160 million with Bank of Ningbo Co., Ltd. Suzhou Sub-branch.
“Zai Lab (Suzhou) Co., Ltd. (“Zai Lab Suzhou”), entered into a maximum credit contract (the “Maximum Credit Contract”) with Bank of Ningbo Co., Ltd. Suzhou Sub-branch (“Ningbo Bank”). The Ningbo Bank Agreements permit Zai Lab Suzhou to utilize, including through discounting or working capital loan agreements and subject to the terms and conditions in related master agreements, up to RMB230.3 million (approximately $32.4 million), of which the Company is authorized to utilize up to RMB160 million (approximately $22.5 million).”
Zai Lab Ltd incurred guarantee of up to RMB300 million (approximately $42 million) with Shanghai Pudong Development Bank Co., Ltd. Zhangjiang Hi-Tech Park Sub-branch maturing three-year period.
“the Company entered into a maximum-amount guarantee contract (the “Guarantee”) with the Shanghai Pudong Development Bank Co., Ltd. Zhangjiang Hi-Tech Park Sub-branch (the “SPD Bank”) pursuant to which the Company will guarantee working capital loans of up to RMB300 million (approximately $42 million) from SPD Bank to Zai Lab Shanghai over a three-year period.”
Zai Lab Ltd incurred term loan of RMB340 million (approximately $47.8 million) with Bank of China Pudong Development Zone Branch at latest one-year loan prime rate published by the National Interbank Funding Cent maturing one year.
“Zai Lab Shanghai subsequently entered into a working capital loan contract (the “Working Capital Loan Agreement”) with the BOC Pudong Branch on February 7, 2024 for a loan of RMB340 million (approximately $47.8 million).”
Zai Lab Ltd incurred credit facility of $100 million with Bank of China (Hong Kong) Limited maturing one year.
“the Company entered into an uncommitted facility letter (the “Facility Letter”) with the Bank of China (Hong Kong) Limited (the “BOC HK”) pursuant to which the BOC HK will provide standby letters of credit for loans of up to $100 million for a term of one year.”
VERRA MOBILITY Corp amended term loan of $704.6 million with Bank of America, N.A. at SOFR + 2.75% maturing March 26, 2028.
“a permitted refinancing of the entire outstanding amount under the Credit Agreement and incurred new Term B-2 Loans (the “ New Term Loans ”) in the aggregate principal amount of $704.6 million. The proceeds from the New Term Loans were used in their entirety to prepay in full the then outstanding principal amount of the existing term loan under the Credit Agreement. In”
SOMNIGROUP INTERNATIONAL INC. incurred revolving credit of $40 million with Bank of America, N.A., as administrative agent maturing same terms and conditions as the Company's existing revolving loans under the Credit Agreement.
“redit Agreement dated as of October 10, 2023 (as amended, supplemented or otherwise modified as of the effective date of the Amendment, including by the Amendment, the "Credit Agreement"), among several banks and other financial institutions party thereto and Bank of America, N.A., as administrative agent. The Amendment provides for an incremental delayed draw term loan in the aggregate principal amount of $625 million (the "Delayed Draw Term Loan") and an incremental revolving loan in the aggregate principal amount of $40 million (the "Incremental Revolving Loan").”
SOMNIGROUP INTERNATIONAL INC. incurred term loan of $625 million with Bank of America, N.A., as administrative agent at base rate plus an applicable margin or Term Benchmark rate plus an applicable ma maturing October 10, 2028.
“The Amendment provides for an incremental delayed draw term loan in the aggregate principal amount of $625 million”
BECTON DICKINSON & CO incurred senior notes of $550,000,000 with public at 5.110% maturing February 8, 2034.
“On February 8, 2024, BD issued (i) $625,000,000 aggregate principal amount of its 4.874% Notes due February 8, 2029 (the “2029 Notes”) and (ii) $550,000,000 aggregate principal amount of its 5.110% Notes due February 8, 2034 (the “2034 Notes” and, together with the 2029 Notes, the “USD Notes”) in an underwritten public offering pursuant to the Indenture.”
BECTON DICKINSON & CO incurred senior notes of $625,000,000 with public at 4.874% maturing February 8, 2029.
“On February 8, 2024, BD issued (i) $625,000,000 aggregate principal amount of its 4.874% Notes due February 8, 2029 (the “2029 Notes”) and (ii) $550,000,000 aggregate principal amount of its 5.110% Notes due February 8, 2034 (the “2034 Notes” and, together with the 2029 Notes, the “USD Notes”) in an underwritten public offering pursuant to the Indenture.”
BECTON DICKINSON & CO incurred senior notes of €750,000,000 with public at 3.519% maturing February 8, 2031.
“On February 8, 2024, Becton, Dickinson and Company (“BD”) issued €750,000,000 aggregate principal amount of its 3.519% Notes due February 8, 2031 (the “Euro Notes”) in an underwritten public offering pursuant to the indenture, dated March 1, 1997, between BD and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Indenture”).”
Digerati Technologies, Inc. amended credit facility of approximately $41,279,000 with Post Road Administrative LLC maturing November 17, 2024.
“giving effect to the amendment fee, the principal balance owed by the Verve Cloud Nevada Parties to Post Road and its affiliates, as of February 2, 2024, was approximately $41,279,000. The foregoing summary of the Third Forbearance Agreement contains only a brief description of the material terms of the Third Forbearance Agreement and such description is”
Digerati Technologies, Inc. incurred revolving credit of $2,000,000 with Thermo Communications Funding, LLC at the Wall Street Journal prime rate (currently 8.50%) plus 2.75%.
“certain other provisions of the Post Road Credit Agreement and the related promissory notes, which amendments include, without limitation, (a) permitting incurrence of up to $2,000,000 of new indebtedness under the Revolving Credit Facility (as defined and further described below), (b) providing that all interest otherwise due under the Post Road Credit”
DMC Global Inc. amended credit facility of $300 million with KeyBank National Association maturing February 6, 2029.
“(the “Credit Agreement”). The First Amendment provides for certain changes to the Credit Agreement, including an increase in the maximum commitment amount from $200 million to $300 million, which includes a $200 million revolving credit facility, a $50 million term loan facility, and a $50 million delayed draw term loan facility. The Credit Agreement, as amended by”
Cetus Capital Acquisition Corp. incurred loan of up to $300,000 (initial draw $50,000) with Cetus Sponsor LLC at not specified maturing unknown.
“Issuance of Note In connection with the Extension Amendment, Cetus Sponsor LLC (the “ Sponsor ”) has caused an aggregate of $50,000 to be deposited into the Trust Account. This deposit was made in respect of a loan to the Company in the aggregate principal amount of up to $300,000 (the “ Sponsor Loan ”), which Sponsor Loan is evidenced by an unsecured promissory note issued by the Company to the Sponsor (the “ Sponsor Note ”).”
QT IMAGING HOLDINGS, INC. amended loan of additional principal amount of $195,886.92 with GigAcquisitions5, LLC at bears no interest maturing repayable in full upon the consummation of a business combination.
“On February 7, 2024, the Company amended and restated the First Non-Convertible Working Capital Note (the “Second Non-Convertible Working Capital Note”) to reflect an additional principal amount of $195,886.92 extended by the Sponsor to the Company for a collective principal amount under the Second Non-Convertible Working Capital Note of $262,246.92.”
Generation Asia I Acquisition Ltd incurred loan of $550,000 with Generation Asia LLC at no interest maturing upon the consummation of a business combination.
“On February 6, 2024, Generation Asia I Acquisition Limited, a Cayman Islands exempted company (the “ Company ”), issued a non-convertible unsecured promissory note to Generation Asia LLC, a Cayman Islands limited liability company (the “ Sponsor ”), for a collective principal amount of $550,000 (the “ Promissory Note ”).”
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.