New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
Apollo Debt Solutions BDC amended credit facility of $187,500,000 with Morgan Stanley Senior Funding, Inc..
“the maximum principal amount which can be drawn upon by Merlin Funding subject to certain conditions in the Merlin Funding Credit Agreement, was increased from $120,000,000 to $ 187,500,000”
Rocket Lab Corp incurred senior notes of $355,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.250% per annum maturing February 1, 2029.
“On February 6, 2024, Rocket Lab USA, Inc. (the “Company”) issued $355,000,000 aggregate principal amount of its 4.250% Convertible Senior Notes due 2029 (the “Notes”).”
AKUMIN INC. incurred revolving credit of $55 million with PNC Bank, National Association maturing two-year extension of the maturity date under the 2020 Revolving Credit Agreement.
“On the Effective Date, the Company, as borrower, the guarantors party thereto, as guarantors, the lenders party thereto, as lenders, and PNC Bank, National Association, as administrative and collateral agent (the “Agent”), entered into a certain Revolving Credit Agreement (the “New RCF Exit Facility Agreement”) which is comprised of a revolving credit facility in an aggregate principal amount of $55 million (the “New RCF Exit Facility”).”
AKUMIN INC. incurred senior notes of $354.583 million at 8% per annum maturing August 1, 2028.
“On the Effective Date, certain holders of the Prepetition 2028 Senior Notes (as defined below) received new senior secured notes due 2028 (the “New 2028 Notes”) in an aggregate initial principal amount of $354.583 million issued by the Company and governed by that certain Indenture, dated February 6, 2024 by and among the Company, as issuer, the guarantors party thereto, as guarantors, and the Trustee, as trustee and collateral agent, in respect of the issuance of the $354.583 million of aggregate principal amount of notes (the “New 2028 Notes Indenture”).”
AKUMIN INC. incurred senior notes of $436.222 million at 8% per annum maturing August 1, 2027.
“On the Effective Date, certain holders of the Prepetition 2025 Senior Notes (as defined below) received new senior secured notes due 2027 (the “New 2027 Notes”) in an aggregate initial principal amount of $436.222 million issued by the Company and governed by that certain Indenture, dated February 6, 2024 by and among the Company, as issuer, the guarantors party thereto, as guarantors, and UMB Bank, National Association, as trustee and collateral agent (the “Trustee”), in respect of the issuance of the $436.222 million of aggregate principal amount of notes (the “New 2027 Notes Indenture”).”
TALOS ENERGY INC. incurred senior notes of $625,000,000 in aggregate principal amount with Wilmington Trust, National Association at 9.375% per annum maturing February 1, 2031.
“pursuant to which the Issuer issued $625,000,000 in aggregate principal amount of the Issuer’s 9.375% Second-Priority Senior Secured Notes due 2031”
TALOS ENERGY INC. incurred senior notes of $625,000,000 in aggregate principal amount with Wilmington Trust, National Association at 9.000% per annum maturing February 1, 2029.
“pursuant to which the Issuer issued $625,000,000 in aggregate principal amount of the Issuer’s 9.000% Second-Priority Senior Secured Notes due 2029”
Crypto Co incurred loan of $50,000 with AJB Capital Investments, LLC at no interest on the principal except for default interest maturing July 30, 2024.
“The Crypto Company (the “Company”) borrowed funds pursuant to the terms of a Securities Purchase Agreement (the “AJB SPA”) entered into with AJB Capital Investments, LLC (“AJB”), and issued a Promissory Note in the principal amount of $50,000 (the “AJB Note”) to AJB in a private transaction for a purchase price of $42,500, each dated as of January 30, 2024, the funds for which were received on February 1, 2024.”
MAGNITE, INC. incurred credit facility of $365 million seven-year senior secured term loan facility and a $175 million senior secured revolving credit facility with Morgan Stanley Senior Funding, Inc. as term loan administrative agent and Citibank, N.A. as revolving facility administrative agent and collateral agent, and other lender parties thereto at (1) for the term loans, at the Company’s election, Term SOFR (as defined in the maturing seven years.
“On February 6, 2024, Magnite, Inc. (the “Company”) entered into a credit agreement (the “Credit Agreement”) with Morgan Stanley Senior Funding, Inc. as term loan administrative agent and Citibank, N.A. as revolving facility administrative agent and collateral agent, and other lender parties thereto. The Credit Agreement provides for a $365 million seven-year senior secured term loan facility and a $175 million senior secured revolving credit facility.”
Caesars Entertainment, Inc. incurred term loan of aggregate principal amount of $2.9 billion.
“incurred a senior secured incremental term loan in an aggregate principal amount of $2.9 billion (the “Term B-1 Loan”)”
Caesars Entertainment, Inc. incurred senior notes of $1.5 billion aggregate principal amount at 6.500% maturing 2032.
“issued $1.5 billion aggregate principal amount of 6.500% Senior Secured Notes due 2032”
Arch Therapeutics, Inc. incurred debt of $250,000 with New Advancing Purchasers.
“on February 1, 2024, two additional purchaser parties to the SPA (the “New Advancing Purchasers”) advanced the Company an aggregate of $250,000 (the “New Advances”), which New Advances are also being treated as partial prepayment of the purchase price for the New Advancing Purchasers under the SPA and will also be subject to the New Advance Terms.”
Arch Therapeutics, Inc. amended debt of $500,000 with Prior Advancing Purchasers maturing March 31, 2024.
“November 8, 2023, among Arch Therapeutics, Inc. (the “Company”) and the purchasers party thereto, including the Prior Advancing Purchasers, advanced the Company an aggregate of $500,000 (the “Prior Advances”), which Prior Advances were treated as partial prepayment of the purchase price for the Prior Advancing Purchasers under the SPA. Under the Prior Advance, if”
STREAMLINE HEALTH SOLUTIONS INC. amended credit facility with Western Alliance Bank.
“On February 7, 2024, the Company and certain of its subsidiaries entered into a Third Modification and Waiver (the “Third Modification”) to Second Amended and Restated Loan and Security Agreement (the “Loan and Security Agreement”) with WAB.”
MariaDB plc reported a default on senior notes of $26,500,000 with RP Ventures LLC at default rate of 2% above the otherwise-applicable non-default interest rate of 1 maturing January 31, 2024.
“note, dated as of October 10, 2023 and amended on January 10, 2024, issued by MariaDB plc (the “ Company ”) to RP Ventures LLC (“ RP Ventures ”) in the principal amount of $26,500,000 (the “ RP Note ”) matured. The Company did not pay the outstanding principal, interest, and other applicable fees or charges due and payable on the RP Note. In addition, the”
Fortune Rise Acquisition Corp incurred loan of $100,000 with Water On Demand, Inc. 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.
“ompany issued an unsecured promissory note (the “ Note ”) to Water On Demand, Inc., a Nevada corporation and the entity which controls the Company’s sponsor.”
Airship AI Holdings, Inc. amended convertible notes of $2,000,000 with Platinum Capital Partners Inc. at 6% per annum maturing June 22, 2024.
“On February 2, 2024, Airship AI Holdings, Inc. (the “Company”) issued and sold to Platinum Capital Partners Inc. (“Platinum”) in a private placement an Amended and Restated Senior Secured Convertible Promissory Note in the principal amount of $2,000,000 (the “Note”). The Note amends and restates in its entirety the Senior Secured Convertible Promissory Note issued to Platinum in the principal amount of $2,000,000 on June 22, 2023.”
Astra Space, Inc. amended senior notes of approximately $23.8 million outstanding aggregate principal amount with each of the holders (the " Holders ") of the approximately $23.8 million outstanding aggregate principal amount of the Note Parties’ 12.0% Senior Secured Convertible Notes due 2025 at 12.0% maturing due 2025.
“On January 31, 2024, Astra Space, Inc. (the “ Company ”) and its subsidiaries (collectively with the Company, the “ Note Parties ”) entered into an Amendment to Senior Secured Convertible Notes (the “ Amendment ”) with each of the holders (the “ Holders ”) of the approximately $23.8 million outstanding aggregate principal amount of the Note Parties’ 12.0% Senior Secured Convertible Notes due 2025 (the “ Convertible Notes ”).”
Aditxt, Inc. amended senior notes of increase in the aggregate principal balance of $300,000 on the September 2024 Secured Notes with the Holders.
“on January 31, 2024, the Company and the Holders entered into amendments to the September 2024 Secured Notes (“ Amendment No. 2 to September 2024 Secured Notes ”), pursuant to which the Company and the Holders agreed that in consideration of a principal payment in the aggregate amount of $1.25 million on the January 2024 Secured Notes and in increase in the aggregate principal balance of $300,000 on the September 2024 Secured Notes.”
Aditxt, Inc. amended senior notes with the Holders maturing extended to February 29, 2024.
“On January 31, 2024, the Company and the Holders entered into amendments to the January 2024 Secured Notes (“ Amendment No. 3 to January 2024 Secured Notes ”), pursuant to which the maturity date of the January 2024 Notes was extended to February 29, 2024.”
Serina Therapeutics, Inc. incurred convertible notes of $500,000 with Juvenescence Limited maturing February 14, 2024.
“On February 1, 2024, AgeX Therapeutics, Inc. (“AgeX”) drew $500,000 of its credit available under the Amended and Restated Secured Convertible Promissory Note (as amended, the “Secured Note”) with Juvenescence Limited (“Juvenescence”).”
Velocity Financial, Inc. incurred senior notes of $75,000,000 with U.S. Bank Trust Company, National Association at 9.875% maturing February 15, 2029.
“On February 5, 2024, we entered into note purchase agreements (collectively, the “2029 Note Purchase Agreement”) for the issuance of an aggregate $75,000,000 principal amount of 9.875% Senior Secured Notes due 2029 (the “2029 Notes”).”
Harvard Apparatus Regenerative Technology, Inc. incurred loan of $500,000 with Junli He at 8% maturing on the earlier to occur of a) the closing date (or later date of capital being provided pertaining to such continued offering that the following threshold is tr.
“On February 1, 2024, Harvard Apparatus Regenerative Technology, Inc. (the “ Company ”) entered into a loan arrangement with Junli He, the Chairman and Chief Executive Officer of the Company (the “ Lender ”), pursuant to which the Lender has agreed to loan the Company an aggregate amount of $500,000 as evidenced by a Bridge Note executed by the Company in favor of, and accepted by, the Lender (the “ Bridge Note ”).”
Ares Commercial Real Estate Corp amended revolving credit with City National Bank at SOFR-based rate plus 3.25% or base rate plus 2.25% maturing March 10, 2025, subject to one 12-month extension.
“On January 31, 2024, Ares Commercial Real Estate Corporation (the “Company”), as guarantor, and ACRC Lender LLC, a subsidiary of the Company (the “Borrower”), entered into an amendment to the secured revolving funding facility with City National Bank (the “CNB Facility”). The purpose of the amendment was to, among other things: (1) extend the initial maturity date of the CNB Facility to March 10, 2025, subject to one 12-month extension, which may be exercised at the Borrower’s option if certain conditions described in the CNB Facility are met, including the payment of applicable extension fees; and (2) set the interest rate on advances under the CNB Facility to a per annum rate equal to the sum of, at the Borrower’s option, either (a) a SOFR-based rate plus 3.25% or (b) a base rate plus 2.25%, in each case, subject to an interest rate floor.”
GLADSTONE INVESTMENT CORPORATION\DE amended credit facility of $200.0 million with KeyBank National Association.
“Under the terms of the Amendment, the Credit Facility was amended to increase the Credit Facility size from $135.0 million to $200.0 million and update certain existing terms.”
GRAN TIERRA ENERGY INC. incurred senior notes of US$100,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 9.500% maturing due 2029.
“issued US$100,000,000 aggregate principal amount of additional 9.500% Senior Secured Amortizing Notes due 2029”
NATURAL RESOURCE PARTNERS LP amended credit facility of $30.0 million with Summit Community Bank.
“On February 1, 2024, NRP (Operating) LLC (“OpCo”) exercised its option under the Third Amended and Restated Credit Agreement, dated as of June 16, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Facility”), to increase the total aggregate commitment under the Credit Facility by $30.0 million from $155.0 million to $185.0 million.”
Applied Digital Corp. incurred loan of up to $20,000,000 with AI Bridge Funding LLC at 12.50% maturing 2026-01-30.
“On January 30, 2024, the Company issued an Unsecured Promissory Note (the “Note”) payable to AI Bridge Funding LLC (the “Lender”), providing for an unsecured loan in the aggregate principal amount of up to $20,000,000 (the “Principal Amount”), of which $15,000,000 was available immediately and funded upon the execution of the Note.”
NovAccess Global Inc. reported a default on convertible notes of $55,000 with 13 Paul Lending LLC.
“(“NovAccess,” the “company,” “we” or “us”) issued a convertible promissory note to 13 Paul Lending LLC on August 16, 2023. Pursuant to the note, 13 Paul Lending loaned NovAccess $55,000. The note has a provision that requires us to make all filings with the Securities and Exchange Commission required by the Securities Exchange Act of 1934. We have not filed the”
Plutonian Acquisition Corp. incurred loan of $210,000 with Big Tree Cloud International Group Limited at does not bear interest maturing upon closing of a business combination by the Company.
“issued an unsecured promissory note in the aggregate principal amount of $210,000 (the “ Note ”) to Big Tree Cloud International Group Limited (“ Big Tree Cloud ”) in exchange for Big Tree Cloud 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 mature upon closing of a business combination by the Company.”
Aquaron Acquisition Corp. incurred loan of $70,000 with Bestpath IoT Technology Ltd. at does not bear interest maturing upon closing of a business combination.
“On February 2, 2024, Aquaron Acquisition Corp. (the " Company ") issued an unsecured promissory note in the aggregate principal amount of $70,000 (the " Note ") to Bestpath IoT Technology Ltd. (" Bestpath ") in exchange for Bestpath 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 mature upon closing of a business combination by the Company. In addition, the Note may be converted by the holder into shares of common stock of the Company identical to the common stock issued in the Company’s initial public offering at a price of $10.00 per unit (each unit is consisted of one share of common stock and one right to receive one-fifth (1/5) of a share of common stock).”
Nauticus Robotics, Inc. incurred term loan of aggregate principal amount of $3,753,144 with ATW II and Material Impact at same terms as the Additional Term Loans.
“the Company also entered into a Second Agreement Regarding Incremental Loans, dated as of January 30, 2024 (the “Second Agreement”), by and among the Company, the guarantors (as defined in the Second Agreement), and ATW II and Material Impact, as incremental lenders. The Second Agreement provides the Company with an incremental loan in the aggregate principal amount of $3,753,144 (the “January 2024 Incremental Loan”).”
Nauticus Robotics, Inc. incurred term loan of aggregate $9.55 million of secured term loans with ATW Special Situations Management LLC, ATW Special Situations III LLC, Material Impact Fund II, L.P., VHG Investments LLC, ATW II LLC, ATW I LLC at 15% per annum maturing earliest of: (a) the third anniversary of the date of the Term Loan Agreement, (b) the maturity of the Indebtedness under that certain Senior Secured Term Loan.
“the Company also entered into a senior secured term loan agreement (the “Term Loan Agreement”) with ATW Special Situations Management LLC (“ATW Management”), as collateral agent (in such capacity, the “Collateral Agent”) and lender, and ATW Special Situations III LLC (“ATW III”), Material Impact, VHG Investments LLC (“VHG Investments”), ATW II LLC and ATW I LLC, as lenders (collectively, the “Lenders”). The Term Loan Agreement provides the Company with an aggregate $9.55 million of secured term loans (the “Loans”).”
Cano Health, Inc. reported a default on senior notes of 6.250% Senior Notes due 2028 with U.S. Bank National Association at 6.250% maturing 2028.
“The filing of the Chapter 11 Cases constitutes an event of default that permits acceleration of the Company's obligations under the following debt instruments (the " Debt Instruments "): • Indenture, dated as of September 30, 2021, by and among Cano Health, LLC as issuer, the guarantors party thereto and U.S. Bank National Association, as trustee, relating to the 6.250% Senior Notes due 2028.”
GMS Inc. amended credit facility with JPMorgan Chase Bank N.A. at Term SOFR plus 2.25% (reduced from Term SOFR plus 3.00%).
“The disclosures of the material terms and conditions of the Term Loan Amendment contained in Item 1.01 above are hereby incorporated by reference into this Item 2.03.”
PlayAGS, Inc. amended credit facility with Jefferies Finance LLC at removes the credit spread adjustment with respect to term loan borrowings in Ter.
“the Seventh Amendment (i) removes the credit spread adjustment with respect to term loan borrowings in Term SOFR (as defined in the Amended Credit Agreement) and (ii) reduces the Applicable Margin (as defined in the Amended Credit Agreement) on the Borrower’s existing term loan to 3.75% for Term SOFR borrowings and 2.75% for ABR (as defined in the Amended Credit Agreement) borrowings.”
WYTEC INTERNATIONAL INC amended loan of $625,000 with unknown at unknown maturing amended to allow seven additional six-month extension periods.
“Wytec International, Inc., a Nevada corporation (“Wytec”), amended (the “Amendment”) that certain unsecured promissory in the original principal amount of $625,000, dated February 25, 2020, as amended on August 13, 2022 (the “Note”) in order to allow Wytec to extend the maturity date of the Note by seven (7) additional six month periods instead of five (5) additional six month periods.”
NS Wind Down Co., Inc. faced acceleration on senior notes with U.S. Bank Trust Company, National Association at 6.95% maturing 2026.
“• Indenture, dated as of November 7, 2023, by and among the Company, as issuer, the guarantor parties thereto, and U.S. Bank Trust Company, National Association, as trustee and collateral agent, governing the 6.95% Senior Secured Notes due 2026”
NS Wind Down Co., Inc. faced acceleration on convertible notes with U.S. Bank Trust Company, National Association at 2.625% maturing March 1, 2025.
“The filing of the Bankruptcy Petitions described in Item 1.03 above constitutes an event of default that accelerated the Company’s obligations under the following debt instruments (the “Debt Instruments”): • Indenture, dated as of March 9, 2023, by and among the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as Trustee, governing the 2.625% Convertible Senior Notes which mature on March 1, 2025”
HIRU Corp incurred loan of $1.4 Millions with Bayern Industries.
“On or about May 22, 2022, the issuer HIRU entered into a certain loan agreement of $1.4 Millions with Bayern Industries (the "creditor").”
RADIAN GROUP INC incurred mortgage of $150 million with Flagstar at SOFR for each business day the whole loan asset is held by Flagstar until the da maturing January 27, 2025.
“On January 29, 2024, Radian Group Inc. (the “Company”) entered into a Guaranty Agreement (the “Parent Guaranty”) in favor of Flagstar Bank, N.A. (“Flagstar”) to guaranty the obligations of the Company’s subsidiary Radian Mortgage Capital LLC ( “RMC”) in connection with a $150 million mortgage loan repurchase facility that RMC has entered into with Flagstar pursuant to a Master Repurchase Agreement”
STERICYCLE INC faced acceleration on senior notes of $600,000,000 with U.S. Bank Trust Company, National Association at 5.375% maturing 2024.
“On February 1, 2024, Stericycle, Inc. (the “Company”) issued a notice (the “Redemption Notice”) to holders of the Company’s 5.375% Senior Notes due 2024 (the “Notes”) calling for redemption (the “Redemption”) of all of the $600,000,000 aggregate principal amount of the outstanding Notes.”
AMERICAS CARMART INC incurred senior notes of $66,810,000 aggregate principal amount with BMO Capital Markets Corp., MUFG Securities Americas Inc., and SMBC Nikko Securities America, Inc., as initial purchasers at 11.40% maturing January 21, 2031.
“$66,810,000 aggregate principal amount of 11.40% Class B Asset Backed Notes (the “Class B Notes” and, together with the Class A Notes, the “Notes”)”
AMERICAS CARMART INC incurred senior notes of $183,190,000 aggregate principal amount with BMO Capital Markets Corp., MUFG Securities Americas Inc., and SMBC Nikko Securities America, Inc., as initial purchasers at 7.71% maturing January 21, 2031.
“On January 31, 2024, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction (the “Securitization Transaction”), which involved the issuance and sale in a private offering of $183,190,000 aggregate principal amount of 7.71% Class A Asset Backed Notes (the “Class A Notes”)”
LAMF Global Ventures Corp. I incurred loan of up to $1,200,000 with LAMF SPAC Holdings I LLC at no interest maturing upon the earlier of the date on which the Company consummates its initial business combination or the date of the Company’s liquidation.
“On February 2, 2024, LAMF Global Ventures Corp. I, a Cayman Islands exempted company (the “ Company ”), issued an unsecured promissory note (the “ Note ”) to LAMF SPAC Holdings I LLC (the “ Sponsor ”), pursuant to which the Company may borrow up to $1,200,000 from the Sponsor, related to ongoing expenses reasonably related to the business of the Company and the consummation of its initial business combination. The Note bears no interest and is repayable in full upon the earlier of the date on which the Company consummates its initial business combination or the date of the Company’s liquidation.”
Constellation Acquisition Corp I incurred loan of $1,660,000 with Constellation Sponsor LP maturing upon closing of the Business Combination.
“On January 30, 2024, the Company issued an unsecured promissory note in the principal amount of $1,660,000 (the “ Note ”) to the Sponsor.”
Kodiak Gas Services, Inc. incurred senior notes of $750,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.250% per year maturing February 15, 2029.
“On February 2, 2024, Kodiak Gas Services, LLC, a Delaware limited liability company (the “Issuer”), issued $750,000,000 aggregate principal amount of the Issuer’s 7.250% senior notes due 2029 (the “Notes”), pursuant to an indenture, dated February 2, 2024 (the “Indenture”), by and among the Issuer, Kodiak Gas Services, Inc., a Delaware corporation (the “Parent”), certain other subsidiary guarantors party thereto (collectively with the Parent, the “Guarantors”) and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).”
Immunocore Holdings plc incurred convertible notes of $402.5 million aggregate principal amount with U.S. Bank Trust Company, National Association at 2.50% per year maturing February 1, 2030.
“On February 2, 2024, Immunocore Holdings plc (the “Company”) completed its previously announced private offering (the “Offering”) of $402.5 million aggregate principal amount of 2.50% Convertible Senior Notes due 2030 (the “Notes”), including the exercise in full of the initial purchasers’ option to purchase up to an additional $52.5 million principal amount of Notes.”
Prospect Floating Rate & Alternative Income Fund, Inc. amended revolving credit of from $20,000,000 to $65,000,000 with Sumitomo Mitsui Banking Corporation.
“the First Amendment amends the original Senior Secured Revolving Credit Agreement, dated September 21, 2023, to provide for an increase in the aggregate commitment from $20,000,000 to $65,000,000”
NGL Energy Partners LP incurred senior notes of $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion in aggregate princip with U.S. Bank Trust Company, National Association at 8.125% per annum for the 2029 Notes and 8.375% per annum for the 2032 Notes maturing February 15, 2029 for the 2029 Notes and February 15, 2032 for the 2032 Notes.
“On February 2, 2024, NGL Energy Operating LLC (“Operating LLC”) and NGL Energy Finance Corp. (“Finance Corp.” and, together with Operating LLC, the “Issuers”), each a wholly-owned subsidiary of NGL Energy Partners LP (the “Partnership”), closed the previously announced Rule 144A/Regulation S offering (the “Notes Offering”) of $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 (the “2029 Notes”) and $1.3 billion in aggregate principal amount of 8.375% senior secured notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”).”
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.