New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
Nikola Corp incurred convertible notes of $175,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 8.25% per annum maturing December 15, 2026.
“On December 12, 2023, Nikola Corporation (the “Company”) consummated the sale and issuance of $175,000,000 aggregate principal amount of the Company’s 8.25% Green Convertible Senior Notes due 2026”
Aditxt, Inc. incurred senior notes.
“Reference is made to the disclosure under Item 1.01 above with respect to the December 2023 Secured Notes, September 2024 Secured Notes and the Royalty Note”
Fortive Corp incurred term loan of aggregate principal amount of $1.3 billion with Sumitomo Mitsui Banking Corporation at Term SOFR plus a margin of between 75 and 125 basis points maturing no later than December 12, 2024.
“entered into a term loan credit agreement with Sumitomo Mitsui Banking Corporation, as administrative agent, and a syndicate of lenders from time to time party thereto, which provides for a delayed-draw term loan facility in an aggregate principal amount of $1.3 billion”
NightFood Holdings, Inc. incurred loan of $170,588 with Mast Hill Fund, L.P. at lesser of (i) 16% per annum and (ii) the maximum amount permitted by law maturing 12-month anniversary of the Issuance Date.
“On December 7, 2023 (the “Issuance Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) dated as of December 6, 2023, and issued and sold to Mast Hill Fund, L.P. (“Mast Hill”), a Promissory Note (the “MH Note”) in the principal amount of $170,588 (actual amount of purchase price of $145,000 plus an original issue discount (“OID”) in the amount of $25,588).”
CNL Healthcare Properties, Inc. incurred term loan of $350 million senior unsecured term loan facility with KeyBank National Association, as administrative agent, and certain participating lenders at term SOFR rates plus an applicable margin of 225 basis points maturing May 31, 2026.
“On December 7, 2023, CNL Healthcare Properties, Inc.'s (the "Company's") operating partnership, CHP Partners, LP (the "Operating Partnership") as borrower, KeyBank National Association ("KeyBank"), as administrative agent, and certain participating lenders (the "Lenders") entered into a credit agreement (the "Credit Agreement") providing for both (i) a $250 million senior unsecured revolving credit facility (the "Revolving Credit Facility") and (ii) a $350 million senior unsecured term loan facility (the "Term Loan Facility" and, together with the Revolving Credit Facility, the "Credit Facilities"), each with a maturity date of May 31, 2026.”
CNL Healthcare Properties, Inc. incurred credit facility of $250 million senior unsecured revolving credit facility with KeyBank National Association, as administrative agent, and certain participating lenders at term SOFR rates plus an applicable margin of 225 basis points maturing May 31, 2026.
“On December 7, 2023, CNL Healthcare Properties, Inc.'s (the "Company's") operating partnership, CHP Partners, LP (the "Operating Partnership") as borrower, KeyBank National Association ("KeyBank"), as administrative agent, and certain participating lenders (the "Lenders") entered into a credit agreement (the "Credit Agreement") providing for both (i) a $250 million senior unsecured revolving credit facility (the "Revolving Credit Facility") and (ii) a $350 million senior unsecured term loan facility (the "Term Loan Facility" and, together with the Revolving Credit Facility, the "Credit Facilities"), each with a maturity date of May 31, 2026.”
Ameresco, Inc. amended credit facility of remaining $65 million principal amount of the original $220 million delayed draw term loan A with Bank of America, N.A., as Administrative Agent maturing $10 million is due on each of January 31, 2024, February 29, 2024, and March 31, 2024, and the remaining principal amount is due on April 15, 2024.
“the Amendment extends the maturity date of the remaining $65 million principal amount of the original $220 million delayed draw term loan A, such that $10 million is due on each of January 31, 2024, February 29, 2024, and March 31, 2024, and the remaining principal amount is due on April 15, 2024”
Scorpius Holdings, Inc. incurred convertible notes of aggregate amount of $2,250,000 with Elusys Holdings Inc. at 1% per annum maturing one-year anniversary of its issuance.
“convertible promissory note in the aggregate amount of $2,250,000 (the “Note”), the conversion of which is subject to obtaining stockholder approval of the issuance of shares of the Company’s common stock upon such conversion. The Note will bear interest at a rate of 1% per annum, mature on the one-year anniversary of its issuance”
Laredo Oil, Inc. incurred loan of 180 monthly payments of $5,860.32 with U.S. Small Business Administration maturing 180 monthly payments.
“On December 6, 2023, Laredo Oil, Inc. (the “Company”) entered into a Payment Plan arrangement agreement (the “Plan”) with the U.S. Small Business Administration (the “SBA”) related to the Company’s Paycheck Protection Plan (“PPP”) loan from the SBA. Under the terms of the Plan, the Company agreed to pay the SBA a minimum of 180 monthly payments of $5,860.32.”
HALLMARK VENTURE GROUP, INC. incurred convertible notes of $7,119.00 with Paul Strickland at 0% maturing matures December 11, 2024.
“On December 12, 2023, Hallmark Venture Group, Inc (the "Company") issued a $7,119.00, 0% convertible exchange note to Paul Strickland ("Holder"), Secretary and Director of the Company (the "Note").”
GLOBAL PARTNERS LP amended revolving credit.
“Reallocate $300 million of the Aggregate WC Commitment to the Aggregate Revolver Commitment; and (b) exercise the accordion feature in the Credit Agreement and increase the Aggregate WC Interim Commitments by $200 million as provided in Section 2.13 ( Increase in Commitments ) of the Credit Agreement, for a period not to exceed 364 days.”
CROWN HOLDINGS, INC. incurred senior notes of €500,000,000 with NA at 4.750% maturing March 15, 2029.
“On December 11, 2023, Crown European Holdings S.A. (the “ Issuer ”), a wholly-owned subsidiary of Crown Holdings, Inc. (the “ Company ”), completed its note offering (the “ Offering ”) of €500,000,000 aggregate principal amount of 4.750% senior unsecured notes due 2029 (the “ Notes ”).”
SUNPOWER CORP amended revolving credit of revolving credit capacity under the Credit Agreement will be limited to $50 million with Bank of America, N.A., BMO Bank, N.A., Citibank, N.A., JPMorgan Chase Bank, N.A., and Sol Holding, LLC.
“parties and unrestricted subsidiaries and junior debt payments. After giving effect to the Amendment, revolving credit capacity under the Credit Agreement will be limited to $50 million and the Company may not issue any new letters of credit or incur swingline loans or incremental facilities pursuant to the Credit Agreement. The foregoing description of the”
DIGI INTERNATIONAL INC incurred revolving credit of $250 million senior secured revolving credit facility with BMO Bank N.A. at Term SOFR with a floor of 0.00% plus an applicable margin of 1.75-2.75% for Term.
“On December 7, 2023 (the “ Closing Date ”), Digi International, Inc. (“ Digi ”) entered into a revolving credit agreement (the “ Credit Agreement ”) with BMO Bank N.A. (“ BMO ”), as administrative and collateral agent, BMO Capital Markets Corp., BofA Securities, Inc. and MUFG Bank, Ltd., as joint lead arrangers and joint bookrunners, and the several banks and other financial institutions or entities from time to time party thereto as lenders (the “ Lenders ”). The Credit Agreement provides Digi with a $250 million senior secured revolving credit facility (the “ Credit Facility ”), with an uncommitted accordion feature that provides for additional borrowing capacity of up to the greater of $95 million or one hundred percent of trailing twelve month adjusted earnings before interest, taxes, depreciation, and amortization.”
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST reported a default on debt of approximately $868.9 million.
“The filing of the Chapter 11 Cases described above in Item 1.03 and the consummation of the Plan may constitute a default under certain property-level debt facilities (in an aggregate outstanding principal amount of approximately $868.9 million), ground leases, operating leases and other contractual and non-contractual obligations”
STRYKER CORP incurred senior notes of €600,000,000 aggregate principal amount with Barclays Bank PLC, Goldman Sachs & Co. LLC, Mizuho International plc and Wells Fargo Securities International Limited, as representatives of the underwriters at 3.375% per year maturing December 11, 2028.
“completed a public offering (the “Offering”) of €600,000,000 aggregate principal amount of the Company’s 3.375% Notes due 2028”
CERO THERAPEUTICS HOLDINGS, INC. amended loan of $1,600,000 with Phoenix Biotech Sponsor, LLC.
“On December 8, 2023, the Company and the Lender amended the Promissory Note to increase the aggregate principal amount of the Promissory Note from $1,500,000 to $1,600,000.”
Lakeshore Acquisition II Corp. incurred loan of $20,000 with Nature’s Miracle, Inc. at The Note does not bear interest maturing the earlier of (i) the closing of the Company’s initial business combination and (ii) March 11, 2024.
“On December 7, 2023, the Company issued an unsecured promissory note dated December 7, 2023, in the aggregate principal amount of $20,000 (the “Note”) to Nature’s Miracle.”
Nogin, Inc. faced acceleration on senior notes.
“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” and each individually, a “Debt Instrument”): (i) the Bridge Note; and (ii) the Indenture dated as of August 26, 2022 governing the Convertible Notes.”
FiscalNote Holdings, Inc. incurred convertible notes of $5.5 million with EGT-East, LLC at equal to the applicable federal rate maturing December 8, 2027.
“the Company issued a Note in an aggregate principal amount of $5.5 million to Era.”
ZoomInfo Technologies Inc. amended credit facility with Morgan Stanley Senior Funding, Inc., as administrative agent, collateral agent and L/C issuer at applicable SOFR rate plus 2.25% per annum for SOFR Loans or the applicable Base maturing February 28, 2028.
“an extension of the scheduled maturity date of payment with respect to the principal amount of certain existing revolving credit commitments and existing revolving credit loans to February 28, 2028, and (ii) the repricing of the first lien term loan facility.”
VINEBROOK HOMES TRUST, INC. incurred loan of $392,180,000 with Bank of America, National Association at fixed-rate maturing December 8, 2028.
“On December 6, 2023, the OP completed a securitization transaction, in connection with which, VineBrook Homes Borrower 1, LLC, an indirect special purpose subsidiary of the OP (the “Borrower”), entered into a loan agreement (the “Loan Agreement”) with Bank of America, National Association, as lender (the “Lender”), providing for a 5-year, fixed-rate, interest-only loan with a total principal balance of $392,180,000 (the “Loan”).”
PennyMac Financial Services, Inc. incurred senior notes of $750,000,000 aggregate principal amount with initial purchasers at 7.875% per year maturing December 15, 2029.
“On December 11, 2023 (the "Closing Date"), PennyMac Financial Services, Inc. (the "Issuer" and, together with its subsidiaries, the "Company") closed the previously announced offering (the "Offering") of $750,000,000 aggregate principal amount of the Issuer's 7.875% Senior Notes due 2029 (the "Notes").”
Evolent Health, Inc. incurred convertible notes of $402.5 million aggregate principal amount of notes were issued at an issue price of 100.00% of par with Goldman Sachs & Co. LLC and Oppenheimer & Co. Inc., as representatives of the several initial purchasers at 3.50% per annum maturing December 1, 2029.
“amount of notes, which the Purchasers exercised in full on December 6, 2023. The closing of the Private Placement of the notes occurred on December 8, 2023 and a total of $402.5 million aggregate principal amount of notes were issued at an issue price of 100.00% of par for net proceeds of approximately $390.2 million, after deducting fees and estimated expenses.”
Kimbell Royalty Partners, LP amended credit facility of $400 million to $550 million with Citibank, N.A..
“arty thereto (the “ Lenders ”) and Citibank, N.A., as administrative agent. The Second Amendment amends the Existing”
LGI Homes, Inc. amended credit facility of $1.205 billion with Wells Fargo Bank, National Association maturing April 28, 2028.
“The Credit Agreement Amendment among other things, (a) increased the total commitments under the Credit Agreement to $1.205 billion, which can be increased at the request of the Company by up to $95 million, subject to the terms and conditions of the Credit Agreement, and (b) extended the maturity of the commitments of certain lenders under the Credit Agreement to April 28, 2028.”
Enova International, Inc. incurred senior notes of $400 million in aggregate principal amount with Computershare Trust Company, N.A. at 11.25% per annum maturing December 15, 2028.
“On December 6, 2023 (the “Closing Date”), Enova International, Inc. (the “Company”) issued $400 million in aggregate principal amount of its senior notes due 2028 (the “Notes”).”
Outset Medical, Inc. incurred term loan of $100.0 million Term B Loans will be available in two tranches consisting of (i) Term B-1 Loans in the aggregate amount o with SLR Investment Corp., as collateral agent, the lenders from time to time party thereto.
“The SLR Term Loan Amendment provides that the $100.0 million Term B Loans will be available in two tranches consisting of (i) Term B-1 Loans in the aggregate amount of approximately $33.5 million and (ii) Term B-2 Loans in the aggregate amount of approximately $66.5 million.”
Outset Medical, Inc. incurred term loan of Term B-1 Loans in the aggregate amount of approximately $33.5 million with SLR Investment Corp., as collateral agent, the lenders from time to time party thereto.
“the Company borrowed and received the entire Term B-1 Loans from the Term Loan Lenders.”
IDACORP INC incurred revolving credit of $400 million revolving line of credit with Wells Fargo Bank, National Association at floating rate that is equal to the highest of the prime rate, federal funds rate maturing 2028-12-08.
“The IPC Facility is a $400 million revolving line of credit that matures on December 8, 2028.”
IDACORP INC incurred revolving credit of $100 million revolving line of credit with Wells Fargo Bank, National Association at floating rate that is equal to the highest of the prime rate, federal funds rate maturing 2028-12-08.
“The IDACORP Facility is a $100 million revolving line of credit that matures on December 8, 2028.”
Piedmont Realty Trust, Inc. incurred senior notes of $200,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 9.250% maturing July 20, 2028.
“On December 11, 2023, Piedmont Operating Partnership, LP (the “Operating Partnership”), the operating partnership and wholly owned subsidiary of Piedmont Office Realty Trust, Inc. (the “Company”), issued an additional $200,000,000 aggregate principal amount of 9.250% Senior Notes due 2028 (the “Additional Notes”), which mature on July 20, 2028.”
GROUP 1 AUTOMOTIVE INC incurred credit facility of $84,500,000 with AmeriCredit Financial Services, Inc., doing business as GM Financial at prime rate minus 100 basis points.
“brand, use or other criteria). As of the Closing Date, the aggregate maximum amount of floorplan financing indebtedness that may be incurred under the GM Floorplan Facility is $84,500,000. Interest on the advances under the GM Floorplan Facility accrues at the prime rate minus 100 basis points. The GM Floorplan Facility is secured by, among other things, new motor”
Capstone Energy Plus, Inc. incurred credit facility of $7.0 million new money committed delayed draw term loan facility with Goldman Sachs Specialty Lending Group, L.P. at Adjusted Term SOFR plus 7.00% per annum maturing December 7, 2025.
“ On the Petition Date, the Debtors (i) entered into a Transaction Support Agreement (the “TSA”) with Goldman Sachs Specialty Lending Group, L.P., in its capacity as collateral agent (the “Collateral Agent”) under that certain Amended and Restated Note Purchase Agreement, dated as of October 1, 2020 (as amended, the “Note Purchase Agreement”), and Broad Street Credit Holdings LLC, an affiliate of the Collateral Agent, in its capacity as purchaser (“Purchaser” and, together with the Collateral Agent, the “Pre-Petition Secured Parties”) under the Note Purchase Agreement and (ii) filed with the Bankruptcy Court a joint prepackaged chapter 11 plan of reorganization (as amended, restated, supplemented or otherwise modified from time to time, the “Plan”).”
MERIT MEDICAL SYSTEMS INC incurred convertible notes of $747.5 million with U.S. Bank Trust Company, National Association at 3.00% maturing February 1, 2029.
“On December 8, 2023, Merit Medical Systems, Inc. (“Merit”) closed an offering of $747.5 million aggregate principal amount of its 3.00% Convertible Senior Notes due 2029”
STRYKER CORP incurred senior notes of $600,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.850% maturing December 8, 2028.
“On December 8, 2023, Stryker Corporation (the “Company”) completed a public offering (the “Offering”) of $600,000,000 aggregate principal amount of the Company’s 4.850% Notes due 2028 (the “Notes”).”
Senior Credit Investments, LLC incurred credit facility of $200.00 million with JPMorgan Chase Bank, National Association at Term SOFR or a Base Rate, in each case plus an applicable margin equal to 2.70% maturing December 7, 2028.
“The aggregate lender commitments under the Credit Facility are $200.00 million as of the Effective Date, with an additional $200.0 million committed beginning 12 months from the Effective Date, and an uncommitted accordion feature that would allow the SPV to borrow up to an additional $100.0 million.”
Corebridge Financial, Inc. incurred senior notes of $750,000,000 aggregate principal amount with Corebridge Financial, Inc. at 5.750% maturing due 2034.
“On December 8, 2023, Corebridge Financial, Inc. (“Corebridge”), issued and sold $750,000,000 aggregate principal amount of its 5.750% Senior Notes due 2034 (the “Notes”).”
Crescent Energy Co incurred senior notes of $150 million aggregate principal amount with U.S. Bank Trust Company, National Association at 9.250% per annum maturing February 15, 2028.
“issued $150 million aggregate principal amount of its 9.250% Senior Notes due 2028”
iLearningEngines, Inc. incurred loan of $160,000 with Arrowroot Acquisition LLC at does not bear interest maturing upon closing of the Company’s initial business combination.
“The board of directors of Arrowroot Acquisition Corp., a Delaware corporation (the “ Company ”), approved a draw of an aggregate of $160,000 (the “ Extension Funds ”) pursuant to the Promissory Note, dated as of March 6, 2023 (the “ Note ”), between the Company and Arrowroot Acquisition LLC (the “ Lender ”), which Extension Funds were deposited into the Company’s trust account for its public stockholders on December 5, 2023.”
Sphere Entertainment Co. incurred convertible notes of $258.75 million aggregate principal amount with U.S. Bank Trust Company, National Association at 3.50% per year maturing December 1, 2028.
“Item 1.01 Entry into a Material Definitive Agreement. On December 8, 2023, Sphere Entertainment Co. (the “Company”) completed a private unregistered offering (the “Offering”) of $258.75 million aggregate principal amount of its 3.50% convertible senior notes due 2028 (the “Notes”), which amount includes the full exercise of the initial purchasers’ option to purchase”
Aditxt, Inc. incurred debt.
“The information relating to the Note (as defined below) included in Item 8.01 is incorporated by reference in this item to the extent required.”
Serina Therapeutics, Inc. incurred convertible notes of $500,000 with Juvenescence Limited maturing February 14, 2024.
“On December 5, 2023, AgeX drew $500,000 of its credit available under the Amended and Restated Secured Convertible Promissory Note, as amended, (“Secured Note”) with Juvenescence Limited (“Juvenescence”). The Repayment Date on which the outstanding principal balance of the Secured Note will become due and payable shall be February 14, 2024.”
SKYX Platforms Corp. incurred convertible notes with GE Trademark Licensing, Inc..
“The Company also agreed to issue a convertible note payable to GE-TL, with note terms and conditions to be mutually agreed upon by both parties.”
Sila Realty Trust, Inc. amended credit facility of $1,055,000,000 with Truist Bank.
“Agreement, the 2024 Term Loan Agreement and the 2028 Term Loan Agreement, collectively, as the “Unsecured Credit Facility,” which has current aggregate commitments available of $1,055,000,000. On December 8, 2023, the Company, SROP, and Truist amended the Unsecured Credit Facility to address the calculation of pool availability, including (i) removing the implied debt”
CIM REAL ESTATE FINANCE TRUST, INC. incurred credit facility of up to $691.1 million of financing with Barclays Bank PLC at per annum rates based on the Term Secured Overnight Financing Rate (“SOFR”), plu maturing December 4, 2026.
“(the “Company”), entered into an Amended and Restated Master Repurchase Agreement (the “Restated MRA”) with Barclays Bank PLC (“Barclays”), to amend and restate that certain Master Repurchase Agreement, dated September 21, 2020, by and between Barclays and the CMFT Seller, and acknowledged by the Company (the “Repurchase Agreement”), which provides financing for certain eligible assets of the CMFT Seller and advances to the CMFT Seller (the “Repurchase Facility”), as described in a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (“SEC”) on September 24, 2020, as such Repurchase Agreement was amended on July 27, 2021, February 23, 2022, and October 7, 2022, as discussed in a Current Report on Form 8-K filed by the Company with the SEC on August 2, 2021, March 1, 2022, and October 13, 2022, respectively.”
CIM REAL ESTATE FINANCE TRUST, INC. amended credit facility of reduce the maximum financing amount from $1.25 billion to $558.9 million with Barclays Bank PLC.
“(the “Company”), entered into an Amended and Restated Master Repurchase Agreement (the “Restated MRA”) with Barclays Bank PLC (“Barclays”), to amend and restate that certain Master Repurchase Agreement, dated September 21, 2020, by and between Barclays and the CMFT Seller, and acknowledged by the Company (the “Repurchase Agreement”), which provides financing for certain eligible assets of the CMFT Seller and advances to the CMFT Seller (the “Repurchase Facility”), as described in a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (“SEC”) on September 24, 2020, as such Repurchase Agreement was amended on July 27, 2021, February 23, 2022, and October 7, 2022, as discussed in a Current Report on Form 8-K filed by the Company with the SEC on August 2, 2021, March 1, 2022, and October 13, 2022, respectively.”
Tonix Pharmaceuticals Holding Corp. incurred term loan of $11.0 million with JGB Capital, LP, JGB Partners, LP, JGB (Cayman) Cornish Rock Ltd. at greater of (i) the Prime Rate plus 3.5% and (ii) 12% maturing 36-month.
“as administrative agent and collateral agent for the Lenders (in such capacity, “ JGB Agent ”) for a 36-month term loan (the “ Term Loan ”) in the aggregate principal amount of $11.0 million. Interest Rate All outstanding amounts under the Term Loan bear interest at a fluctuating per annum interest rate (the “ Applicable Rate ”) equal to the greater of (i) the Prime”
HALLMARK VENTURE GROUP, INC. incurred debt of $144,501.00 with John D. Murphy, Jr. at 0% maturing December 4, 2024.
“On December 5, 2023, Hallmark Venture Group, Inc (the "Company") issued a $144,501.00, 0% convertible exchange note to John D. Murphy, Jr. ("Holder"), CEO and Director of the Company (the "Note").”
SEAFARER EXPLORATION CORP incurred loan of up to $1 million with an individual lender who is not an officer or director of the Company at 6% per annum maturing one year anniversary dates.
“On December 8, 2023, Seafarer Exploration Corp. (“Seafarer”), entered into and loan agreement (the “Loan Agreement”) in the principal amount of up to $1 million (the “Loan”) with an individual lender who is not an officer or director of the Company (the “Lender”).”
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.