New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
Kaival Brands Innovations Group, Inc. incurred debt of $864,000 with Mr. Advance LLC maturing approximately 28 weeks.
“Pursuant to the Advance Agreement, the Company sold future receivables in the principal amount of $864,000 (the “Advance Future Receivables”) to Advance in a private transaction for a purchase price of $600,000”
Kaival Brands Innovations Group, Inc. incurred debt of $864,000 with Clearview Funding Solutions LLC maturing approximately 28 weeks.
“Pursuant to the Clearview Agreement, the Company sold future receivables in the principal amount of $864,000 (the “Clearview Future Receivables”) to Clearview in a private transaction for a purchase price of $600,000”
AKUMIN INC. incurred credit facility of up to $16 million with Stonepeak at 8.00% per annum payable in kind.
“The information set forth in Item 1.03 of this Current Report on Form 8-K under the captions “Amendment to Debtor-in-Possession Financing” and “Notices of Borrowing of $16 million in Debtor-in-Possession Financing from Stonepeak” is incorporated by reference into this Item 2.03. Under the terms of the Amended DIP Term Sheet, the DIP Facility Loans accrue”
Can B Corp reported a default on convertible notes of approximately $3,838,770 aggregate principal amount with Arena Special Opportunities Partners I, LP, Arena Special Opportunities Fund, LP and Arena Investors, LP.
“The Arena Entities collectively hold approximately $3,838,770 aggregate principal amount of Convertible Notes (the “Notes”) issued by the Company.”
GOLUB CAPITAL BDC, Inc. incurred senior notes of $450.0 million aggregate principal amount at 7.050% per year maturing December 5, 2028.
“in connection with the issuance and sale of $450.0 million aggregate principal amount of the Company’s 7.050% Notes due 2028”
Phreesia, Inc. incurred revolving credit of $50,000,000 with Capital One, National Association at Term SOFR plus a 3.00% applicable margin.
“On December 4, 2023 (the “Closing Date”), Phreesia, Inc. (the “Company”) and certain of its subsidiaries located in the United States (collectively, the “Credit Parties”) entered into a Credit Agreement (the “Credit Agreement”) by and among the Credit Parties, as borrowers, the financial institutions from time to time party thereto as lenders, and Capital One, National Association, a national banking association (“Capital One”), as agent for the lenders and for itself as lender, providing for a senior secured asset-based revolving credit facility (the “Credit Facility”) up to an aggregate principal amount of $50,000,000”
APPLIED OPTOELECTRONICS, INC. incurred convertible notes of $80.2 million aggregate principal amount with Raymond James & Associates, Inc. at 5.250% maturing December 15, 2026.
“pursuant to which the Company agreed to sell and the Initial Purchaser agreed to purchase approximately $80.2 million aggregate principal amount of 5.250% Convertible Senior Notes due 2026”
PILLARSTONE CAPITAL REIT reported a default on mortgage of outstanding principal balance of approximately $14.4 million with Rialto Capital Advisors, LLC at default interest maturing October 1, 2023.
“Uptown Loan. The estimated payoff amount was listed as approximately $18.8 million, net of escrows and reserves, which included an outstanding principal balance of approximately $14.4 million and approximately $6.5 million of default interest. On December 1, 2023, Whitestone Uptown Tower issued a press release relating to the filing, a copy of which is attached hereto”
CREDIT ACCEPTANCE CORP incurred senior notes of $200.0 million with institutional lender at expected average annualized cost of approximately 8.6% maturing revolve for 24 months after which it will amortize.
“On November 30, 2023, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $200.0 million asset-backed non-recourse secured financing (the “Financing”).”
ODYSSEY MARINE EXPLORATION INC incurred loan of $3.75 million with institutional investors at 11.0% per annum maturing June 1, 2025.
“Odyssey issued Notes in the aggregate amount of $3.75 million and related warrants on December 1, 2023.”
HF Sinclair Corp incurred senior notes of $498,879,000 with Computershare Trust Company, N.A. at 5.000% per annum maturing February 1, 2028.
“$498,879,000 aggregate principal amount of 5.000% Senior Notes due February 1, 2028”
HF Sinclair Corp incurred senior notes of $399,875,000 with Computershare Trust Company, N.A. at 6.375% per annum maturing April 15, 2027.
“$399,875,000 aggregate principal amount of 6.375% Senior Notes due April 15, 2027”
Integral Acquisition Corp 1 incurred debt of up to $359,502.60 with Integral Sponsor LLC.
“of the Second Extension Amendment Proposal (as defined below), on November 8, 2023, Integral Acquisition Corporation 1, a Delaware corporation (the “ Company” ), issued a promissory note (the “ Note” ) in the aggregate principal amount of up to $359,502.60 to Integral Sponsor LLC, a Delaware limited liability company (the “ Sponsor” ), pursuant to which the Sponsor agreed to loan to the Company up to $359,502.60 to deposit into the Company’s trust account (the “ Trust Account” ) for the Company’s Class A common stock, par value $0.0001 per share (the “ Class A Common Stock” ), included in the units sold in the Company’s initial public offering (the “ IPO” , and such shares, the “ Public Shares” ) that were not redeemed in connection with the extension of the Company’s time to consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar busines”
Western Union CO amended revolving credit of $1.25 billion with Citibank, N.A., Bank of America, N.A. and Wells Fargo Bank, National Association at Adjusted Term SOFR plus an interest rate margin of 1.140% or Base Rate plus a ma maturing November 30, 2028.
“The New Credit Agreement provides for a $1.25 billion revolving credit facility that includes a $250 million letter of credit subfacility and $300 million swing line sublimit.”
GENCO SHIPPING & TRADING LTD incurred revolving credit of $500 million with Nordea Bank Abp, New York Branch as Administrative Agent, Collateral Agent, and Security Trustee and Nordea Bank Abp, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, First-Citizens Bank & Trust Company, ING Bank N.V., London Branch, CTBC Bank Co. Ltd., and Crédit Agricole at 1.85% to 2.15% plus the Secured Overnight Financing Rate (SOFR) maturing November 2028.
“On November 29, 2023, Genco Shipping & Trading Limited and certain of its vessel-owning and other subsidiaries acting as guarantors or security providers entered into a Fourth Amendment to Credit Agreement with Nordea Bank Abp, New York Branch as Administrative Agent, Collateral Agent, and Security Trustee and Nordea Bank Abp, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, First-Citizens Bank & Trust Company, ING Bank N.V., London Branch, CTBC Bank Co. Ltd., and Crédit Agricole Corporate & Investment Bank as lenders to amend, extend, and upsize its $450 Million Credit Facility as previously announced. The amended structure consists of a $500 million revolving credit facility (the “$500 Million Revolver”), which can be utilized to support growth of the Company’s asset base as well as general corporate purposes.”
Lightstone Value Plus REIT I, Inc. incurred loan of up to $31.3 million with Bowery NY Mezz LLC at SOFR plus 8.75%, subject to a 12.25% floor maturing November 29, 2026.
“On November 29, 2023, the Company, through the same wholly owned subsidiary, also entered into a mortgage loan facility (the "Moxy Junior Loan" and together with the Moxy Senior Loan, the "Moxy Mortgage Loans") with Bowery NY Mezz LLC, an unrelated third party, providing for up to $31.3 million.”
Lightstone Value Plus REIT I, Inc. incurred loan of up to $110.0 million with Athene Annuity And Life Company at SOFR plus 4.00%, subject to a 7.50% floor maturing November 29, 2026.
“On November 29, 2023, Lightstone Value Plus REIT I, Inc. (the “Company”) , through a wholly owned subsidiary, entered into a mortgage loan facility (the “Moxy Senior Loan”) with Athene Annuity And Life Company, an unrelated third party, providing for up to $110.0 million.”
CROWN HOLDINGS, INC. incurred senior notes of €500,000,000 with BNP Paribas at 4.750% per year maturing March 15, 2029.
“On November 30, 2023, Crown Holdings, Inc. (the “ Company ”) entered into a Purchase Agreement (the “ Purchase Agreement ”) pursuant to which Crown European Holdings S.A. (the “ Issuer ”), a subsidiary of the Company, agreed to issue and sell to several initial purchasers, for whom BNP Paribas is acting as representative, €500,000,000 in aggregate principal amount of senior unsecured notes due 2029 (the “ Notes ”). The Notes will mature on March 15, 2029 and will accrue interest at a rate of 4.750% per year.”
ASHFORD HOSPITALITY TRUST INC reported a default on loan with the mortgage lender.
“it has completed the transfer of ownership of the KEYS F loan pool to the mortgage lender”
OLENOX INDUSTRIES INC. incurred convertible notes of $1,200,000 with Peak One Opportunity Fund, L.P. at 8%.
“On November 30, 2023, SG DevCo entered into a Securities Purchase Agreement, dated November 30, 2023 (the “Purchase Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”), pursuant to which SG DevCo agreed to issue, in a private placement offering (the “Offering”) upon the satisfaction of certain conditions specified in the Purchase Agreement, two Debentures to Peak One in the aggregate principal amount of $1,200,000.”
PG&E Corp incurred convertible notes of $2,150,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A., as trustee; JPMorgan Chase Bank, N.A., as collateral agent at 4.25% per year maturing December 1, 2027.
“On December 4, 2023, PG&E Corporation (the “Company”) completed the sale of $2,150,000,000 aggregate principal amount of 4.25% Convertible Senior Secured Notes due 2027 (the “Convertible Notes"), which included an additional $250,000,00 aggregate principal amount of Convertible Notes purchased pursuant to the full exercise of the option granted to the Initial Purchasers”
HELIX ENERGY SOLUTIONS GROUP INC incurred senior notes of $300 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 9.750% maturing March 1, 2029.
“On December 1, 2023, Helix Energy Solutions Group, Inc. (the “Company”) issued $300 million aggregate principal amount of 9.750% Senior Notes due 2029 (the “Notes”) under an indenture, dated as of December 1, 2023 (the “Indenture”), among the Company, as issuer, the guarantors listed therein and The Bank of New York Mellon Trust Company, N.A., as trustee.”
OGLETHORPE POWER CORP incurred mortgage of $400,000,000 with MUFG Securities Americas Inc., as representative of the purchasers named therein at 6.20% per annum maturing December 1, 2053.
“On November 28, 2023, we entered into a purchase agreement with MUFG Securities Americas Inc., as representative of the purchasers named therein, with respect to our issuance and sale of an aggregate principal amount of $400,000,000 of 6.20% First Mortgage Bonds, Series 2023A due 2053.”
Hut 8 Corp. amended loan of approximately $49.0 million with Anchorage Lending CA, LLC maturing 5 years.
“certain of its assets to USDG pursuant to the Refinanced Loan Agreement. As of February 3, 2023, USBTC (and the Loan Parties) owe, and have agreed to repay, approximately $49.0 million to Anchorage, in addition to interest (the “Outstanding Loan Amount”). Pursuant to the Refinanced Loan Agreement, the Outstanding Loan Amount is repaid on a monthly basis through”
Hut 8 Corp. incurred term loan of $50 million credit agreement with Coinbase Credit, Inc. at the greater of (i) the federal funds rate on the date of the applicable borrowin maturing 364 days after the date of the first borrowing.
“Hut 8, through its wholly-owned subsidiary Hut 8 Holdings, entered into a $50 million credit agreement with Coinbase Credit, Inc., (“Coinbase Credit”) dated June 26, 2023 (the “Coinbase Agreement”).”
SILVERBOW RESOURCES, INC. incurred senior notes of $350 million principal amount of second lien notes with U.S. Bank Trust Company, National Association maturing December 15, 2028.
“issued and sold an additional $350 million principal amount of second lien notes, resulting in $500 million aggregate principal amount of second lien notes outstanding”
SILVERBOW RESOURCES, INC. amended credit facility of increased the Borrowing Base from $775 million to $1.2 billion with JPMorgan Chase Bank, N.A..
“increased the Borrowing Base (as defined in the Credit Agreement) from $775 million to $1.2 billion”
SENSIENT TECHNOLOGIES CORP incurred senior notes of $35,000,000 of U.S. dollar-denominated three-year 6.08% senior notes maturing on November 29, 2026; $35,000,000 of U.S. at 6.08% ... 6.14% ... 6.34% ... 4.62% maturing November 29, 2026; November 29, 2027; November 29, 2029; November 29, 2029.
“On November 29, 2023, Sensient Technologies Corporation (the “Company”) entered into a fixed rate, senior note purchase agreement (the “Note Purchase Agreement”) with the purchasers named therein pursuant to which the Company issued $35,000,000 of U.S. dollar-denominated three-year 6.08% senior notes maturing on November 29, 2026; $35,000,000 of U.S. dollar-denominated four-year 6.14% senior notes maturing on November 29, 2027; $35,000,000 of U.S. dollar-denominated six-year 6.34% senior notes maturing on November 29, 2029; and €40,000,000 of Euro-denominated six-year 4.62% senior notes maturing on November 29, 2029 (collectively, the “Notes”).”
RenX Enterprises Corp. incurred convertible notes of $700,000.00 with Peak One Opportunity Fund, L.P. at 8% per annum maturing twelve months from its date of issuance.
“On November 30, 2023, Safe and Green Development Corporation (the “Company”) entered into a Securities Purchase Agreement, dated November 30, 2023 (the “Purchase Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”), pursuant to which the Company agreed to issue, in a private placement offering (the “Offering”) upon the satisfaction of certain conditions specified in the Purchase Agreement, two Debentures to Peak One in the aggregate principal amount of $1,200,000. The closing of the first tranche was consummated on November 30, 2023 and the Company issued an 8% convertible debenture in principal amount of Seven Hundred Thousand Dollars ($700,000.00) (the “Debenture”) to Peak One”
MultiSensor AI Holdings, Inc. incurred convertible notes of $6.805 million with various investors (the "Financing Investors") at 9% per annum maturing third anniversary of the Closing.
“On December 1, 2023, SportsMap entered into a subscription agreement (the “Subscription Agreement”) with various investors (the “Financing Investors”), pursuant to which it will issue and sell to the Financing Investors an aggregate of $6.805 million in convertible promissory notes (the “Financing Notes”) in connection with the Closing (such transaction, the “Financing”).”
Zoomcar Holdings, Inc. incurred loan of up to $200,000 with Innovative International Sponsor I LLC at no interest maturing the date of the consummation of the Company’s initial business combination.
“On December 1, 2023, the Company issued an unsecured promissory note (the “Note”), in the amount of up to $200,000 to Innovative International Sponsor I LLC.”
LINKBANCORP, Inc. incurred term loan of $4.5 million aggregate principal amount at 6.875% per annum maturing due April 1, 2028.
“(ii) $4.5 million aggregate principal amount of a subordinated term loan, with an interest rate of 6.875% per annum, due April 1, 2028”
LINKBANCORP, Inc. incurred senior notes of $17.8 million aggregate principal amount at 6.000% fixed-to-floating rate maturing due July 1, 2030.
“LINK assumed Partners’ obligations with respect to (i) $17.8 million aggregate principal amount of 6.000% fixed-to-floating rate subordinated notes due July 1, 2030”
NEVRO CORP incurred term loan of $200.0 million with funds managed by Braidwell LP at Term SOFR (with a floor of 3.50%) plus 5.25% maturing November 30, 2029.
“The Credit Agreement provides for a term loan facility in the amount of $200.0 million, which was funded in its entirety on the Closing Date. Loans borrowed pursuant to the Credit Agreement (the “Loans”) bear interest at a rate per annum equal to Term SOFR (as defined in the Credit Agreement and with a floor of 3.50%) plus 5.25%.”
Extra Space Storage Inc. incurred senior notes of $600,000,000 aggregate principal amount with Computershare Trust Company, N.A., as successor trustee at 5.900% maturing January 15, 2031.
“On December 1, 2023, Extra Space Storage LP (the “Issuer”), a Delaware limited partnership and subsidiary of Extra Space Storage Inc. (the “Company”), completed an underwritten public offering of $600,000,000 aggregate principal amount of its 5.900% Senior Notes due 2031 (the “Notes”).”
BANC OF CALIFORNIA, INC. incurred debt of $539,040,000 of subordinated notes at weighted average interest rate of 7.98%.
“On the Closing Date, in connection with the Closing, Banc of California assumed PacWest’s obligations with respect to an aggregate principal amount of $539,040,000 of subordinated notes, which were issued or previously assumed through mergers by PacWest as issuer or guarantor”
ZIMMER BIOMET HOLDINGS, INC. incurred senior notes of $500.0 million aggregate principal amount with Barclays Capital Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC at 5.350% per annum maturing December 1, 2028.
“USA LLC and Morgan Stanley & Co. LLC, as representatives of the underwriters named therein (collectively, the “Underwriters”), in connection with the public offering of $500.0 million aggregate principal amount of the Company’s 5.350% Note due 2028 (the “Notes”). The issuance of the Notes was completed on December 1, 2023. The Underwriting Agreement contains”
MERCURY GENERAL CORP amended credit facility of increases the aggregate commitments provided under the Existing Credit Agreement from $200 million to $250 million with Bank of America, N.A., as administrative agent.
“increases the aggregate commitments provided under the Existing Credit Agreement from $200 million to $250 million and (ii) revises the consolidated net worth covenant”
DAVEY TREE EXPERT CO incurred senior notes of $75 million with certain affiliates of PGIM, Inc. at 6.19% maturing November 28, 2028.
“On November 28, 2023, The Davey Tree Expert Company (the "Company") issued 6.19% Senior Notes, Series C, due November 28, 2028, in the aggregate principal amount of $75 million to certain affiliates of PGIM, Inc. (the "Series C Notes").”
Bain Capital Private Credit incurred revolving credit of $150,000,000 with Goldman Sachs Bank USA at three-month term SOFR plus 2.90% maturing November 29, 2028.
“Company, N.A., as Collateral Administrator, Collateral Agent and Collateral Custodian (“Computershare”). The maximum commitment amount under the Revolving Credit Facility is $ 150,000,000 . Proceeds of the borrowings under the Revolving Credit Facility may be used, among other things, to fund portfolio investments by the Borrower and to make advances under delayed”
MOBIX LABS, INC incurred loan of up to $325,000 with Chavant Capital Partners LLC (the "Sponsor") at 10.0% per annum maturing upon the earlier of (i) the consummation of the Proposed Transaction and (ii) one year from the date of issuance.
“On November 30, 2023, Chavant issued an unsecured note (the “Promissory Note”) in the aggregate principal amount of up to $325,000 to its sponsor, Chavant Capital Partners LLC (the “Sponsor”).”
Veritiv Corp incurred revolving credit of $825 million senior secured asset based revolving credit facility with Wells Fargo Bank, National Association at term SOFR plus 1.75% or a base rate plus 0.75% maturing November 30, 2028.
““Term Loan Facility”), (ii) $700 million aggregate principal amount of 10.500% senior secured notes due 2030 (the “2030 Notes”) issued by Parent and (iii) a borrowing against a $825 million senior secured asset based revolving credit facility (the “ABL Facility”). Term Loan Facility On November 30, 2023, Parent and Veritiv Operating Company, a Delaware corporation”
Veritiv Corp incurred senior notes of $700 million at 10.500% maturing due 2030.
“Definitive Agreement. As described below, the Merger was funded in part with proceeds from (i) a $600 million senior secured term loan facility (the “Term Loan Facility”), (ii) $700 million aggregate principal amount of 10.500% senior secured notes due 2030 (the “2030 Notes”) issued by Parent and (iii) a borrowing against a $825 million senior secured asset based”
Veritiv Corp incurred term loan of $600 million with Royal Bank of Canada at term SOFR plus 4.50% or a base rate plus 3.50% maturing November 30, 2030.
“the meaning set forth in the Merger Agreement. Item 1.01. Entry into a Material Definitive Agreement. As described below, the Merger was funded in part with proceeds from (i) a $600 million senior secured term loan facility (the “Term Loan Facility”), (ii) $700 million aggregate principal amount of 10.500% senior secured notes due 2030 (the “2030 Notes”) issued by”
AUDIOEYE INC incurred term loan of $7.0 million term loan with SG Credit Partners, Inc. at 6.25% in excess of the base rate maturing 36 months.
“On November 30, 2023, AudioEye, Inc. (the “Company”) and its wholly-owned subsidiary, Springtime, Inc. (together with the Company, the “Borrowers”), entered into a Loan and Security Agreement (the “Loan Agreement”) with SG Credit Partners, Inc., a Delaware corporation (the “Lender”). The Loan Agreement provides for a $7.0 million term loan (the “Term Loan”), with a maturity date of 36 months and no amortization payments such that the entire principal amount is due and payable on the maturity date. The interest rate is 6.25% in excess of the base rate”
Constellation Acquisition Corp I incurred loan of $150,000 with Constellation Sponsor LP at does not bear interest maturing matures upon closing of the Company’s initial business combination.
“On November 28, 2023, Constellation Acquisition Corp I (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated November 23, 2023, pursuant to the unsecured promissory note, dated January 30, 2023 between the Company and Constellation Sponsor LP (the “Note”)”
Velo3D, Inc. incurred senior notes of $57.5 million aggregate principal amount of new senior secured notes with High Trail Investors ON LLC as collateral agent and holders of the Prior Notes at 6.00% per annum maturing August 1, 2026.
“the remaining Prior Notes were exchanged for (A) $57.5 million aggregate principal amount of new senior secured notes (the "Exchange Notes") and (B) 10,000,000 shares of Common Stock (the "Exchange Shares")”
Ensysce Biosciences, Inc. incurred convertible notes of aggregate principal amount of $1,224,000 with the investors at 6.0% per annum maturing six months from their respective date of issuance.
“the Company issued to the investors referenced above, (i) Notes in the aggregate principal amount of $1,224,000 for an aggregate purchase price of $1,133,333”
General Motors Co incurred credit facility of $3 billion with Bank of America at Term SOFR loans, Daily Simple SOFR loans or an alternative base rate, each subje maturing November 27, 2024.
“period that lasts until June 28, 2024. Amounts repaid under the Credit Agreement may not be reborrowed and the aggregate amount of all loans outstanding may not exceed $3 billion. The final maturity date for any loans outstanding under the Credit Agreement is November 27, 2024. Interest rates on obligations under the Credit Agreement are based on”
Velo3D, Inc. incurred senior notes of $57.5 million aggregate principal amount of new senior secured notes with High Trail Investments ON LLC and an affiliated institutional investor.
“the remaining Prior Notes will be exchanged for (A) $57.5 million aggregate principal amount of new senior secured notes (the “Exchange 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.