New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
Champion Homes, Inc. incurred loan of available credit of $45,000,000 with Regional Enterprises, LLC and Northpoint Commercial Finance LLC.
“Skyline Champion and CHB became the guarantors under the loan agreement with Regional Enterprises, LLC and Northpoint Commercial Finance LLC, with available credit of $45,000,000”
Champion Homes, Inc. incurred loan of available credit of $75,000,000 with Regional Enterprises, LLC and Triad Financial Services, Inc..
“CRH became the guarantor under the loan agreement with Regional Enterprises, LLC and Triad Financial Services, Inc., with available credit of $75,000,000”
iCoreConnect Inc. incurred loan of $350,000 with an accredited investor at 12% per annum maturing May 13, 2024.
“On October 13, 2023, iCoreConnect, Inc. (the "Company"), entered into a promissory note with an issue date of October 13, 2023 (the "Promissory Note") with an accredited investor in exchange for $350,000. The maturity of the Promissory Note is May 13, 2024 and carries an interest rate of 12% per annum”
ZRCN Inc. reported a default on loan of original principal amount of $12,000,000 with U.S. Bank National Association.
“On October 11, 2023, ZRCN, Inc.'s (the “Company”) wholly-owned subsidiary, Zircon Corporation (“Zircon”) received written notice (the “Notice”) from U.S. Bank National Association (the “Lender”) that an event of default has occurred with respect to that certain Commercial Promissory Note (Base Rate) dated January 27, 2023 in the original principal amount of $12,000,000 (the “2023 Note”) and that certain Commercial Promissory Note (Base Rate) dated September 30, 2019 in the original principal amount of $300,000 (the “2019 Note,” and together with the 2023 Note, the “Notes”).”
AVAX ONE TECHNOLOGY LTD. incurred senior notes of $2,750,000 with Pioneer Capital Anstalt.
“nd Pioneer Capital Anstalt (“Pioneer”). Pioneer provided notice on October 17, 2023 to purchase an additional Debenture”
Royalty Pharma plc incurred revolving credit of $350 million with Royalty Pharma Holdings Ltd at not specified maturing five-year unsecured revolving credit facility.
“Royalty Pharma Holdings Ltd, a subsidiary of Royalty Pharma plc, borrowed $350 million under its existing five-year unsecured revolving credit facility (the "Revolving Credit Facility") to fund a portion of its previously announced purchase of additional royalties on Roche's Evrysdi ® (risdiplam) from PTC Therapeutics, Inc.”
4Front Ventures Corp. incurred term loan of up to $10 million with ALT Debt II, LP at the greater of (a) the sum of the rate of interest per annum last quoted by The maturing originally set to December 1, 2023; however...in no circumstance will the maturity date be extended beyond September 30, 2026.
“On October 13, 2023, 4Front Ventures Corp. (the “Company”) entered into a Loan Agreement (the “Loan Agreement”), by and among the Company, the Company’s wholly-owned subsidiaries, ALT Debt II, LP (the “Lender”) and GGG Partners, LLC, as collateral agent. Pursuant to the Loan Agreement, the Lender is providing the Company with term loans up to $10 million (the “Term Loans”), $6 million of which was immediately available to the Company subject to certain holdbacks.”
MAMMOTH ENERGY SERVICES, INC. incurred term loan of $45 million with Wexford Capital LP at SOFR Interest Rate plus 7.50% maturing October 16, 2028.
“lenders (“Wexford”), as may be subsequently amended (the “new term credit facility”). The new term credit facility provides for term commitments in an aggregate amount equal to $45 million. The audit committee of Mammoth’s board of directors, consisting of entirely independent directors, considered and approved the new term credit facility with Wexford. Borrowings”
MAMMOTH ENERGY SERVICES, INC. incurred revolving credit of up to $75 million with Fifth Third Bank, National Association at Tranche Rate plus (i) 1.75%, if the Average Excess Availability Percentage is gr maturing the earlier of (x) July 17, 2028, unless the indebtedness under the new term credit facility is refinanced in accordance with terms of the intercreditor agreeme.
“as may be subsequently amended (the “new revolving credit facility”). The new revolving credit facility provides for revolving commitments in an aggregate amount of up to $75 million. Borrowings under the new revolving credit facility are secured by the assets of Mammoth, inclusive of its subsidiary companies, and are subject to a borrowing base calculation”
Enova International, Inc. amended revolving credit of $515,000,000 with Bank of Montreal, as administrative agent and collateral agent.
“(the “ Company ”) and certain of its subsidiaries amended their existing secured asset-backed revolving credit facility by entering into that certain First Amendment to Amended and Restated Credit Agreement (the “ First Amendment ”) with Bank of Montreal, as administrative agent and collateral agent, and the lenders party thereto.”
Matador Resources Co amended revolving credit of increase the borrowing base from $2.25 billion to $2.50 billion, (ii) increase the maximum facility amount from $1.50 bi.
“On October 19, 2023, MRC Energy Company, a wholly owned subsidiary of Matador Resources Company (the “Company”), entered into a Fourth Amendment to Fourth Amended and Restated Credit Agreement (the “Amendment”), which amends the Company’s secured revolving credit facility (the “Credit Agreement”) to, among other things: (i) increase the borrowing base from $2.25 billion to $2.50 billion, (ii) increase the maximum facility amount from $1.50 billion to $2.0 billion and (iii) increase the elected commitment from $1.25 billion to $1.325 billion.”
NCL CORP Ltd. amended revolving credit of increased the aggregate amount of the lenders’ revolving facility commitments from $875,000,000 to $1,200,000,000 with the lenders party thereto at not specified maturing October 18, 2026.
“The Sixth ARCA, among other things, increased the aggregate amount of the lenders’ revolving facility commitments from $875,000,000 to $1,200,000,000.”
NCL CORP Ltd. incurred senior notes of $790.0 million with initial purchasers at 8.125% per year maturing January 15, 2029.
“On October 18, 2023, NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd., closed its previously announced private offering (the “Notes Offering”) of $790.0 million aggregate principal amount of 8.125% senior secured notes due 2029 (the “Notes”).”
GRAHAM CORP incurred revolving credit of $50.0 million senior secured revolving credit facility with Wells Fargo Bank, National Association at Term SOFR plus an applicable margin ranging between 1.25% per annum and 2.50% pe maturing October 13, 2028.
“credit agreement (the “Credit Agreement”), by and among the Company and Wells Fargo Bank, National Association, as lender (the “Lender”). The Credit Agreement consists of (i) a $50.0 million senior secured revolving credit facility (the “Revolving Credit Facility”), of which $35.0 million is available to be borrowed by the Company under the Revolving Credit Facility”
TARGET CORP incurred credit facility of up to $1.0 billion with Bank of America, N.A., as administrative agent at base rate or term SOFR rate (which includes a SOFR adjustment), in each case plu maturing October 16, 2024.
“October 25, 2022, which was scheduled to expire on October 24, 2023. Under the Credit Agreement, the Banks committed to provide loans in an aggregate principal amount of up to $1.0 billion, which may be increased from time to time by up to $500 million. Borrowings under the Credit Agreement bear interest at a base rate or term SOFR rate (which includes a SOFR”
Abpro Holdings, Inc. incurred loan of $80,000 with Atlantic Coastal Acquisition Management II LLC at non-interest bearing.
“On October 14, 2023, Atlantic Coastal Acquisition Corp. II (the “Company”) issued a non-interest bearing, unsecured promissory note in the aggregate principal amount of $80,000 (the “Note”) to Atlantic Coastal Acquisition Management II LLC, the Company’s initial public offering sponsor (the “Sponsor”).”
CITIUS ONCOLOGY, INC. incurred loan of $660,000 with 10XYZ Holdings LP at no interest maturing due upon consummation of business combination.
“On October 18, 2023, the Company deposited $660,000 into the trust account of the Company (the “Extension Fee”) to extend the timeline to complete a business combination for an additional three months from October 18, 2023 to January 18, 2024 (the “Extension”). Such deposit of the Extension Fee is evidenced by an unsecured promissory note (the “Promissory Note”) in the principal amount of $660,000 to the Sponsor.”
Leo Holdings Corp. II incurred loan of up to $2,880,000 with Leo Investors II Limited Partnership at does not bear interest maturing upon closing of the Company’s initial business combination.
“on October 16, 2023, the Company issued an unsecured promissory note in the total principal amount of up to $2,880,000 (the “Promissory Note”) to the Sponsor and the Sponsor has funded the initial principal amount of $240,000. The Promissory Note does not bear interest and matures upon closing of the Company’s initial business combination.”
AVITA Medical, Inc. incurred credit facility of up to $90 million with an affiliate of OrbiMed at the greater of (x) the SOFR rate for such period and (y) 4.00% plus, in either c maturing five years.
“The Credit Agreement provides for a five-year senior secured credit facility in an aggregate principal amount of up to $90 million (the “Loan Facility"), of which (i) $40 million was made available on the Closing Date (the “Initial Commitment Amount")”
CIVITAS RESOURCES, INC. incurred senior notes of $1,000,000,000 aggregate principal amount at 8.625% per annum maturing November 1, 2030.
“completed its previously announced offering (the “Offering”) of $1,000,000,000 aggregate principal amount of 8.625% Senior Notes due 2030”
GETTY REALTY CORP /MD/ incurred term loan of $150,000,000 with the lenders named therein at SOFR rate plus a SOFR adjustment of 0.10% plus a margin of 1.30% to 1.90% maturing October 17, 2025.
“On October 17, 2023, Getty Realty Corp. (the “Company”) entered into a term loan credit agreement that provides for a senior unsecured term loan (the "Term Loan") in an aggregate principal amount of $150,000,000 with the lenders named therein.”
GRESHAM WORLDWIDE, INC. amended convertible notes of $2,000,000 with two accredited investors at 7% per year maturing April 11, 2024.
“January 11, 2023 (the “Previous 8-K”)), including the conversion price, except: (A) the maturity date of the New Notes is April 11, 2024, (B) the principal of each New Note is $2,000,000, (C) the interest rate is 7% per year, and (D) the New Notes have a working capital covenant pursuant to which the Company’s working capital, excluding any debt owed to Ault”
Zeo Energy Corp. incurred loan of up to $2.5 million with ESGEN LLC, the Company’s sponsor (“Sponsor”) maturing the date of consummation the Business Combination.
“On October 17, 2023, ESGEN Acquisition Corporation (the “Company”) issued an amended and restated promissory note (the “Restated Note”) in the principal amount of up to $2.5 million to ESGEN LLC, the Company’s sponsor (“Sponsor”).”
Blue Owl Technology Finance Corp. II amended credit facility of $825,000,000 with Truist Bank as Administrative Agent at credit adjustment spread for Term Benchmark Loans from 0.10% for one-month tenor maturing October 2028.
“from June 2027 to October 2028, (iii) converts a portion of the revolver availability into term loan availability, (iv) increases the total facility amount from $625,000,000 to $825,000,000 and (iv) reduces the credit adjustment spread for Term Benchmark Loans from 0.10% for one-month tenor Loans, 0.15% for three-month tenor Loans and 0.25% for six-month tenor Loans”
Armada Acquisition Corp. I incurred loan of $70,900.47 with Armada Sponsor LLC maturing upon closing of the Company's initial business combination.
“On October 11, 2023, the board of directors of Armada Acquisition Corp. I, a Delaware corporation (the " Company "), approved a draw of an aggregate of $70,900.47 (the " Extension Funds ") pursuant to the Promissory Note, dated as of August 2, 2023, between the Company and Armada Sponsor LLC (the " Note "), which Extension Funds were deposited into the Company’s trust account for its public stockholders on October 11, 2023.”
Propanc Biopharma, Inc. incurred convertible notes of $61,000 with an investor at 8% per annum maturing April 12, 2024.
“On October 12, 2023, Propanc Biopharma, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an investor (the “Investor”), pursuant to which the Investor agreed to purchase a convertible redeemable promissory note from the Company in the aggregate principal amount of $61,000 (the “Note”)”
Appgate, Inc. incurred convertible notes of $999,000 aggregate principal amount with Appgate Funding, LLC at 9.50% maturing May 9, 2026.
“On October 11, 2023, Legacy Appgate issued and sold to the Purchaser an additional $999,000 aggregate principal amount of Additional Convertible Notes.”
DXP ENTERPRISES INC incurred term loan of $550.0 million with Goldman Sachs Bank USA at Term SOFR (with a floor of 1.00%) plus 4.75% maturing October 13, 2030.
“The Term Loan Amendment provides for a $550.0 million term loan (the "Term Loan Facility")”
Hyperscale Data, Inc. incurred senior notes of $17,519,832 with Ault & Company, Inc. at 10% per annum maturing October 12, 2028.
“On October 13, 2023 (the “ Closing Date ”), Ault Alliance, Inc., a Delaware corporation (the “ Company ”) entered into a Note Purchase Agreement (the “ Agreement ”) with Ault & Company, Inc., a Delaware corporation (the “ Purchaser ”), pursuant to which the Company sold to the Purchaser (i) a senior secured convertible promissory note in the principal face amount of $17,519,832 (the “ Note ”) and warrants (the “ Warrants ”) to purchase shares of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”) for a total purchase price of up to $17,519,832 (the “ Transaction ”).”
RITE AID CORP faced acceleration on senior notes with The Bank of New York Mellon Trust Company, N.A. at 8.000%.
“· Indenture, dated as of February 5, 2020, among Rite Aid Corporation, the subsidiary guarantors named therein and The Bank of New York Mellon Trust Company, N.A., related to the Company’s 7.500% Senior Secured Notes due 2025;”
RITE AID CORP faced acceleration on senior notes with Harris Trust and Savings Bank at 6.875%.
“· Indenture, dated as of December 21, 1998, between Rite Aid Corporation, as issuer, and Harris Trust and Savings Bank, as trustee, related to the Company’s 6.875% Notes due 2028;”
RITE AID CORP faced acceleration on senior notes with Morgan Guaranty Trust Company of New York at 7.70%.
“· Indenture, dated as of August 1, 1993, between Rite Aid Corporation, as issuer, and Morgan Guaranty Trust Company of New York, as trustee, related to the Company’s 7.70% Notes due 2027;”
RITE AID CORP faced acceleration on credit facility with Bank of America, N.A..
“The filing of the Chapter 11 Cases constitutes an event of default that accelerated obligations under the following debt instruments and agreements (the “ Debt Instruments ”): · Credit Agreement, dated as of December 20, 2018, among Rite Aid Corporation, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent and collateral agent”
ITRON, INC. amended credit facility of $500 million with Wells Fargo Bank, National Association at SOFR plus 175 bps to SOFR plus 250 bps maturing October 18, 2026.
“fees and commissions for such transactions. The borrowing capacity under the multi-currency revolving line of credit within the Credit Agreement continues in the amount of $500 million. The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, a copy of which is attached as Exhibit 10.1 hereto and incorporated”
RITE AID CORP reported a default on senior notes of 8.000% Senior Secured Notes due 2026 with The Bank of New York Mellon Trust Company, N.A. at 8.000% maturing 2026.
“Indenture, dated as of July 27, 2020, among Rite Aid Corporation, the subsidiary guarantors named therein and The Bank of New York Mellon Trust Company, N.A., related to the Company’s 8.000% Senior Secured Notes due 2026;”
RITE AID CORP reported a default on senior notes of 7.500% Senior Secured Notes due 2025 with The Bank of New York Mellon Trust Company, N.A. at 7.500% maturing 2025.
“Indenture, dated as of February 5, 2020, among Rite Aid Corporation, the subsidiary guarantors named therein and The Bank of New York Mellon Trust Company, N.A., related to the Company’s 7.500% Senior Secured Notes due 2025;”
RITE AID CORP reported a default on senior notes of 6.875% Notes due 2028 with Harris Trust and Savings Bank, as trustee at 6.875% maturing 2028.
“Indenture, dated as of December 21, 1998, between Rite Aid Corporation, as issuer, and Harris Trust and Savings Bank, as trustee, related to the Company’s 6.875% Notes due 2028;”
RITE AID CORP reported a default on senior notes of 7.70% Notes due 2027 with Morgan Guaranty Trust Company of New York, as trustee at 7.70% maturing 2027.
“Indenture, dated as of August 1, 1993, between Rite Aid Corporation, as issuer, and Morgan Guaranty Trust Company of New York, as trustee, related to the Company’s 7.70% Notes due 2027;”
Fold Holdings, Inc. amended loan of from $1,500,000 to $3,000,000 with Emerald ESG Sponsor, LLC.
“On October 16, 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 $3,000,000.”
Nabors Energy Transition Corp. incurred loan of $295,519.23 with Nabors Lux 2 S.a.r.l. at no interest maturing upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the liquidation of the Company on or before.
“Lux 2 S.a.r.l., a private limited liability company (société à responsabilité limitée) incorporated in the Grand Duchy of Luxembourg (“Nabors Lux”), in the principal amount of $295,519.23 in connection with the Extension (as defined below). Nabors Lux is an affiliate of Nabors Energy Transition Sponsor LLC (the “Sponsor”). The Note bears no interest and is due and”
WinVest Acquisition Corp. incurred loan of $65,000 with WinVest SPAC LLC at does not bear interest maturing upon the earlier of (a) the closing of a Business Combination and (b) the Company's liquidation.
“On October 16, 2023, the Company effected the fifth drawdown of $65,000 under the Promissory Note and caused the Sponsor to deposit such sum into the Trust Account in connection with the extension of the Termination Date from October 17, 2023 to November 17, 2023.”
Thorne Healthtech, Inc. incurred guarantee with Churchill Agency Services LLC.
“The Company and certain of its subsidiaries are guarantors under the New Credit Agreement.”
Thorne Healthtech, Inc. incurred revolving credit of $30 million with Churchill Agency Services LLC.
“a senior secured revolving credit facility in an aggregate principal amount equal to $30 million”
Thorne Healthtech, Inc. incurred term loan of $125 million with Churchill Agency Services LLC.
“a senior secured term loan facility in an aggregate principal amount equal to $125 million”
View, Inc. incurred credit facility of $12.5 million senior secured term loan facility and a $37.5 million senior secured delayed draw term loan facility with Cantor Fitzgerald Securities at Term SOFR, plus (i) a margin of 7.50%, for interest paid in cash, or (ii) a marg maturing September 30, 2027.
“On October 16, 2023, View, Inc. (the “Company”), a Delaware corporation, entered into a new senior secured term loan credit agreement with Cantor Fitzgerald Securities, as administrative agent and as collateral agent, and the lenders party thereto (the “Credit Agreement”). The Credit Agreement establishes (i) a $12.5 million senior secured term loan facility and (ii) a $37.5 million senior secured delayed draw term loan facility, each maturing on September 30, 2027.”
Innovation1 Biotech Inc. incurred loan of $20,000 at 10% per annum maturing the earlier of January 9, 2024, and five days from the date that the noteholder demands repayment.
“On October 11, 2023, Innovation1 Biotech Inc. (the “Company”) issued a $20,000 Demand Promissory Note (the “Note”) to an accredited investor in consideration for $20,000. The Note: (i) bears 10% interest per annum and (ii) matures on the earlier of January 9, 2024, and five days from the date that the noteholder demands repayment.”
OptimizeRx Corp incurred term loan of $40,000,000 with Blue Torch Finance, LLC at (a) Reference Rate (greatest of (i) 4.00%, (ii) Federal Funds Rate plus 0.50%, ( maturing quarterly installments commencing December 31, 2023.
“and, together with the Company, the “Borrowers”). The Financing Agreement provides for a term loan (the “Term Loan”) to the Borrowers in the aggregate principal amount of $40,000,000, the proceeds of which will be used to fund, in part, the Merger Consideration. The Term Loan shall bear interest, at the Company’s option, at either (a) the Reference Rate, which”
22nd Century Group, Inc. amended senior notes with JGB Partners, LP.
“On October 16, 2023, the Company entered into a Waiver and Amendment Agreement (the "Amendment") with each of the subsidiaries of the Company executing the Debentures, the Holders and the Agent, pursuant to which, among other things, (a) the Holders waived an event of default under Section 7(d) of the Debentures which required the Company to achieve revenue of at least $18.5 million for the quarter ended September 30, 2023 (the "waiver"), (b) the parties agreed to amend Schedule E of the Debentures to reduce the Revenue Target (as such term is defined in the Debentures), for the quarter ended December 31, 2023, to $15.5 million, and (c) the Company agreed to release to the Holders the $7.5 million that the Company was required to maintain in a separate account (the "Escrow Funds") which Escrow Funds will be applied to, and reduce, the outstanding principal amount of the Debentures on a dollar-for-dollar basis.”
CENTERPOINT ENERGY INC incurred senior notes of $185,000,000 6.00% First Mortgage Bonds, Series 2023B, Tranche C due 2034 with certain institutional investors in the private placement market at 6.00% per annum maturing March 15, 2034.
“(the “Company”), and certain institutional investors in the private placement market (“Purchasers”) entered into a Bond Purchase Agreement (“Bond Purchase Agreement”), under which SIGECO agreed to sell, and each Purchaser agreed to severally purchase on October 13, 2023, $180,000,000 5.75% First Mortgage Bonds, Series 2023B, Tranche A due 2029 (the “Tranche A Bonds”), $105,000,000 5.91% First Mortgage Bonds, Series 2023B, Tranche B due 2030 (the “Tranche B Bonds”) and $185,000,000 6.00% First Mortgage Bonds, Series 2023B, Tranche C due 2034 (the “Tranche C Bonds”, and together with the Tranche A Bonds and the Tranche B Bonds, the “Bonds”) in the series and tranche as set forth in the Bond Purchase Agreement.”
CENTERPOINT ENERGY INC incurred senior notes of $105,000,000 5.91% First Mortgage Bonds, Series 2023B, Tranche B due 2030 with certain institutional investors in the private placement market at 5.91% per annum maturing October 15, 2030.
“(the “Company”), and certain institutional investors in the private placement market (“Purchasers”) entered into a Bond Purchase Agreement (“Bond Purchase Agreement”), under which SIGECO agreed to sell, and each Purchaser agreed to severally purchase on October 13, 2023, $180,000,000 5.75% First Mortgage Bonds, Series 2023B, Tranche A due 2029 (the “Tranche A Bonds”), $105,000,000 5.91% First Mortgage Bonds, Series 2023B, Tranche B due 2030 (the “Tranche B Bonds”) and $185,000,000 6.00% First Mortgage Bonds, Series 2023B, Tranche C due 2034 (the “Tranche C Bonds”, and together with the Tranche A Bonds and the Tranche B Bonds, the “Bonds”) in the series and tranche as set forth in the Bond Purchase Agreement.”
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.