New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
Great Elm Capital Corp. incurred senior notes of $40.0 million aggregate principal amount with Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as trustee at 8.75% per year maturing September 30, 2028.
“The Fifth Supplemental Indenture relates to the Company’s issuance of $40.0 million aggregate principal amount of 8.75% notes due 2028”
Voyager Therapeutics, Inc. amended lease obligation of Annual base rent of approximately $4.9 million increasing annually by approximately 3%; total commitment of ~$2.3 millio with LS 75 Hayden, LLC at Not applicable (lease) maturing January 31, 2031.
“mendment”) to its existing lease agreement with LS 75 Hayden, LLC, as successor in interest to HCP/King 75 Hayden LLC (the “Landlord”),”
SPLASH BEVERAGE GROUP, INC. incurred convertible notes of $1,600,000 with certain accredited investors at 12% per annum maturing twelve to eighteen months from the issuance date.
“From May through July, the Company entered into a series of securities purchase agreements (the “Purchase Agreements”) with certain accredited investors (the “Purchasers”). Pursuant to the Purchase Agreements, the Company sold the Purchasers 12% convertible 12 to 18-month promissory notes (the “Notes”) convertible for up to 1,600,000 shares of the Company’s common stock, $0.001 par value per share and warrants exercisable into 800,000 shares of the Company’s common stock (the “Warrants”) and received aggregate gross proceeds of $1,600,000.”
SPLASH BEVERAGE GROUP, INC. incurred convertible notes of $1,100,000 with an accredited investor at 0% maturing twelve months from the issuance date.
“On August 10, 2023, the Company and Investor entered into an amendment to the SPA (“Amendment”), pursuant to which the Company sold and issued to the Investor, an additional note (the “Second Investor Note”) convertible for up to 1,100,000 shares of the Company’s common stock, $0.001 par value per share, for aggregate gross proceeds of $1,100,000.”
SPLASH BEVERAGE GROUP, INC. incurred convertible notes of $2,000,000 with an accredited investor at 0% maturing twelve months from the issuance date.
“On February 28, 2023, Splash Beverage Group, Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with an accredited investor (the “Investor”). Pursuant to the SPA, the Company sold to the Investor, convertible 12-month promissory notes (the “Investor Note”) convertible for up to 2,000,000 shares of the Company’s common stock, $0.001 par value per share and received aggregate gross proceeds of $2,000,000.”
PennyMac Mortgage Investment Trust incurred credit facility of $150,000,000 with Barclays Bank PLC at a spread above the one-month term Secured Overnight Financing Rate maturing August 9, 2025.
“The initial maximum principal amount of the Series 2023-VF1 Note is $150,000,000, which is fully committed. During the revolving term of the Series 2023-VF1 Note, PMC is required to repay the purchasers monthly for accrued interest (at a rate reflective of the current market based on a spread above the one-month term Secured Overnight Financing Rate).”
RingCentral, Inc. amended revolving credit of aggregate amount of $225 million with Bank of America, N.A..
“increase the revolving credit commitments by $25 million in accordance with the incremental loan provisions of the Credit Agreement, to an aggregate amount of $225 million”
RingCentral, Inc. incurred senior notes of $400 million aggregate principal amount with U.S. Bank Trust Company, National Association at 8.500% per annum maturing August 15, 2030.
“completed its previously announced offering of $400 million aggregate principal amount of its 8.500% senior notes due 2030”
NOVATION COMPANIES, INC. incurred term loan of up to $1,770,000 with Plan Sponsors at non-default interest rate of 13% maturing the earlier of 90 days after the Petition Date or the Effective Date.
“On August 4, 2023, the Debtors and the Plan Sponsors entered into a Debtor-In-Possession Loan and Security Agreement (the “DIP Agreement”), pursuant to which, subject to the approval of the Bankruptcy Court, the Plan Sponsors will fund a debtor in possession term loan facility (the “DIP Facility”), expected to be in an aggregate principal amount of up to $1,770,000 and subject to a non-default interest rate of 13%, a default interest rate of an additional 3%, a 6% facility fee to be deducted from the proceeds of the DIP Facility, and a maturity date that is the earlier of 90 days after the Petition Date or the Effective Date, to be used to satisfy operational costs, other costs associated with administering the Chapter 11 Cases and the Allowed SAP Claims.”
Air Transport Services Group, Inc. incurred convertible notes of $400 million aggregate principal amount with Truist Securities, Inc. and Oppenheimer & Co. Inc., as representatives of the initial purchasers at 3.875% maturing August 15, 2029.
“On August 14, 2023, the Company issued a total of $400 million aggregate principal amount of the notes to the Initial Purchasers pursuant to the Purchase Agreement.”
NNN REIT, INC. incurred senior notes of $500 million aggregate principal amount with BofA Securities, Inc., Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and U.S. Bancorp Investments, Inc., as representatives of the several underwriters at 5.600% per annum maturing October 15, 2033.
“the Company agreed to sell $500 million aggregate principal amount of 5.600% notes due 2033 (the “Notes”) in an underwritten public offering. The offering of the Notes closed on August 15, 2023.”
CHESAPEAKE UTILITIES CORP amended revolving credit of $200 million with PNC Bank, National Association at the SOFR Rate plus a 10-basis point credit spread adjustment and an applicable m maturing expiring on August 8, 2024.
“(together with PNC, collectively, the “Lenders”), pursuant to which the Lenders committed to provide the Company an unsecured $400 million revolving credit facility, including a $200 million five year facility (the “Five Year Facility”) and a $200 million 364 days facility (the “364 Days Facility” and, together with the Five Year Facility, the “Revolver”), subject to”
Velo3D, Inc. incurred senior notes of $70,000,000 aggregate principal amount with High Trail Investments ON LLC at 6.00% per annum maturing August 1, 2026.
“the “Purchasers”) pursuant to which the Company agreed to issue and sell, in a registered public offering by the Company directly to the Purchasers (the “Offering”), $70,000,000 aggregate principal amount of the Company’s senior secured convertible notes (the “Initial Notes”) at an issue price of 100.00% of their principal amount. In addition, pursuant to”
AST SpaceMobile, Inc. incurred term loan of $15.0 million with Lone Star State Bank of West Texas at Prime Rate plus 0.75% maturing January 14, 2029.
“on August 14, 2023, AST LLC and certain other subsidiaries of the Company entered into a loan agreement with Lone Star State Bank of West Texas ("Lone Star") as lender, providing for $15.0 million principal term loan commitment secured by certain real property fixtures and equipment”
AST SpaceMobile, Inc. incurred term loan of up to $100.0 million with Atlas Credit Partners, LLC at 14.75% maturing August 14, 2026.
“On August 14, 2023, AST & Science, LLC ("AST LLC"), a wholly owned subsidiary of AST SpaceMobile, Inc. (the "Company") entered into a senior secured term loan credit agreement with ACP Post Oak Credit II LLC as administrative agent and collateral agent and Atlas Credit Partners, LLC ("Atlas") as lender, providing for a principal loan commitment of up to $100.0 million”
Kaival Brands Innovations Group, Inc. incurred debt of $580,000 with Mr. Advance LLC at 9% per annum maturing approximately 28 weeks.
“Pursuant to the Advance Agreement, the Company sold future receivables in the principal amount of $580,000 (the “Advance Future Receivables”) to Advance in a private transaction for a purchase price of $400,000”
Kaival Brands Innovations Group, Inc. incurred debt of $580,000 with Clearview Funding Solutions LLC maturing approximately 28 weeks.
“ordinary course of business of the Company and are material to the Company. Pursuant to the Clearview Agreement, the Company sold future receivables in the principal amount of $580,000 (the “Clearview Future Receivables”) to Clearview in a private transaction for a purchase price of $400,000 (giving effect to original issue discount of $180,000). In connection”
Kaival Brands Innovations Group, Inc. incurred loan of $650,000 with AJB Capital Investments, LLC at 10% per annum maturing February 8, 2024.
“On August 9, 2023, Kaival Brands Innovations Group, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with AJB Capital Investments, LLC (the “Purchaser”), pursuant to which the Company sold a Promissory Note in the principal amount of $650,000 (the “Note”) to the Purchaser in a private transaction for a purchase price of $585,000 (giving effect to original issue discount of $65,000).”
Bantec, Inc. amended senior notes of $8,676,957 with Ekimnel Strategies, LLC at 2.0% per year maturing August 12, 2047.
“On August 12, 2023, the Company, as the Borrower, and the Company’s subsidiaries: Drone USA, LLC and Howco Distributing Co., as Corporate Guarantors, and Michael Bannon, as a Validity Guarantor (collectively, “Credit Parties”), entered into an Amendment (the “Amendment”) to the Agreement with Ekimnel, as the Lender, pursuant to which the Company issued the Second Replacement Promissory Note (the “Note”) to Ekimnel in the principal amount of $8,676,957.”
Shockwave Medical, Inc. incurred convertible notes of $750.0 million at 1.00% maturing 2028.
“On August 15, 2023, Shockwave Medical, Inc. (the “ Company ”) completed its previously announced sale of $750.0 million in aggregate principal amount of its 1.00% Convertible Senior Notes due 2028 (the “ Notes ”), which includes the full exercise of the Initial Purchaser’s (as defined below) option to purchase up to an additional $100.0 million in aggregate principal amount of Notes, to the Initial Purchaser in a private placement in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended (the “ Securities Act ”) and for initial resale by the Initial Purchaser to persons reasonably believed to be qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A under the Securities Act.”
Clipper Realty Inc. incurred revolving credit of $5 million corporate line of credit with Valley National Bank at Prime + 1.5%.
“a $5 million corporate line of credit with Valley National Bank. The line of credit bears interest of Prime + 1.5%”
Clipper Realty Inc. incurred loan of up to $8 million with BADF 953 Dean Street Lender LLC at 1-Month Term SOFR plus 10%, with an all-in floor of 13% maturing 30-month term.
“a Mezzanine Loan (combined “Construction Loans”) that permits borrowings up to $8 million with BADF 953 Dean Street Lender LLC”
Clipper Realty Inc. incurred credit facility of up to $115 million with Valley National Bank at 1-Month Term SOFR plus 3.75%, with an all-in floor of 5.50% maturing 30-month term.
“senior construction loan (“Senior Loan”) that permits borrowings up to $115 million with Valley National Bank”
FLOTEK INDUSTRIES INC/CN/ incurred revolving credit of up to $10 million of initial credit availability with Amerisource Funding, Inc. at Wall Street Journal Prime Rate (subject to a floor of 5.50%) plus 2.5% per annum maturing twenty-four month term.
“The Loan Agreement provides for a twenty-four month term with up to $10 million of initial credit availability (the “Account Limit”) based on 85% of eligible accounts receivable and 60% of eligible inventory (not to exceed the amount of eligible accounts receivable).”
ALSP Orchid Acquisition Corp I incurred loan of $350,000 with ALSP Orchid Sponsor LLC at 4.74% per annum maturing the earliest to occur of (i) the date on which the Company consummates an initial business combination or (ii) the date that the winding up of the Company is ef.
“On August 11, 2023, ALSP Orchid Acquisition Corporation I, a Cayman Islands exempted company (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of $350,000 to ALSP Orchid Sponsor LLC, a Delaware limited liability company (the “Sponsor”), which was funded in full by the Sponsor upon execution of the Note. The Note bears interest at a rate of 4.74% per annum, computed on the basis of a 365-day year, compounded semi-annually.”
Kairous Acquisition Corp. Ltd incurred loan of $120,000 with Kairous Asia Limited at does not bear interest maturing matures upon the closing of a business combination.
“On August 10, 2023, Kairous Acquisition Corp. Limited (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $120,000 (the “Note”) to Kairous Asia Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor 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 matures upon the closing of a business combination by the Company. In addition, the Note will be converted by the holder into ordinary shares of the Company at a price of $10.10 per share at the closing of a business combination.”
Stardust Power Inc. incurred loan of $150,000 with Global Partner Sponsor II LLC at does not bear interest maturing upon closing of the Company's initial business combination.
“On August 14, 2023, Global Partner Acquisition Corp II (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated August 10, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”), which Extension Funds the Company deposited into the Company’s trust account for its public shareholders.”
Wheels Up Experience Inc. incurred loan of up to $15.0 million with Delta Air Lines, Inc. at 10% per annum maturing February 4, 2024.
“On August 8, 2023, Wheels Up Experience Inc. (the “Company”) entered into a Secured Promissory Note (the “Note”) with Delta Air Lines, Inc., as Payee (“Delta”), pursuant to which Delta committed to fund a principal amount of up to $15.0 million”
Ingersoll Rand Inc. incurred senior notes of $1,000,000,000 aggregate principal amount with Deutsche Bank Trust Company Americas at 5.700% maturing mature on August 14, 2033.
““Underwriters”), with respect to the Company’s issuance and sale of $500,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2028 (the “2028 Notes”) and $1,000,000,000 aggregate principal amount of the Company’s 5.700% Senior Notes due 2033 (the “2033 Notes” and, together with the 2028 Notes, the “Notes”). The sale of the Notes was made pursuant”
Ingersoll Rand Inc. incurred senior notes of $500,000,000 aggregate principal amount with Deutsche Bank Trust Company Americas at 5.400% maturing mature on August 14, 2028.
“with respect to the Company’s issuance and sale of $500,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2028 (the “2028 Notes”)”
Frontier Group Holdings, Inc. amended credit facility of $270 million to $365 million with Citibank, N.A., as facility agent and arranger.
“increase the commitments under the PDP Financing Facility from $270 million to $365 million”
Installed Building Products, Inc. amended term loan of $492.5 million with Royal Bank of Canada as term administrative agent and term collateral agent at (i) adjusted term SOFR plus 2.00% per annum; or (ii) alternate base rate equal t maturing seven-year term loan facility.
“The Second Amendment, among other things, amends certain terms of the Existing Credit Agreement, including without limitation, to reprice the Company’s approximately $492.5 million of existing term loans, in connection with which new term loans in the same amount will be issued (the “ Tranche B-1 Term Loans ”). The Tranche B-1 Term Loans bear interest, at the Company’s option, at a rate equal to either: (i) the adjusted term secured overnight financing rate (“ SOFR Rate ”), plus 2.00% per annum; or (ii) an alternate base rate equal to the highest of (x) the federal funds rate plus 1/2 of 1.00%, (y) the prime rate and (z) the SOFR Rate for an interest period of one month plus 1.00%.”
Arcimoto Inc incurred loan of $330,000 with Gregory Castaldo and Joseph Reda at no interest until August 15, 2023 maturing August 15, 2023.
“On August 8, 2023, Arcimoto, Inc. (the “Company”) sold Gregory Castaldo and Joseph Reda (the “Investors”), each an unsecured original issue discount promissory note in the principal amount of $330,000 (the “Promissory Notes”).”
Sixth Street Specialty Lending, Inc. incurred senior notes of $300,000,000 aggregate principal amount with Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association (the Trustee) at 6.950% per year maturing August 14, 2028.
“On August 14, 2023, Sixth Street Specialty Lending, Inc. (the "Company") and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association (the "Trustee"), entered into a Fourth Supplemental Indenture (the "Fourth Supplemental Indenture") to the Indenture, dated as of January 22, 2018, between the Company and the Trustee (the "Base Indenture"; and together with the Fourth Supplemental Indenture, the "Indenture"), relating to the Company's issuance, offer and sale of $300,000,000 aggregate principal amount of its 6.950% notes due 2028 (the "Notes").”
OPEN TEXT CORP amended term loan with Barclays Bank PLC at Term SOFR plus an applicable margin of 2.75% and the SOFR Adjustment.
“On August 14, 2023, Open Text Corporation (“OpenText” or the “Company”) and certain of its subsidiaries entered into an amendment (the “Term Loan Amendment”) to the Company’s Credit Agreement, dated as of August 25, 2022 (the “Existing Term Loan Credit Agreement", and as amended, supplemented or otherwise modified as of the effective date of the Term Loan Amendment, including by the Term Loan Amendment, the “Term Loan Credit Agreement”), among the Company, the lenders party thereto, the subsidiary guarantors party thereto and Barclays Bank PLC, as administrative agent and collateral agent. The Term Loan Amendment reduces the Applicable Margin (as defined in the Term Loan Credit Agreement) by 0.75% over the remainder of the Term Loan.”
ETHEMA HEALTH Corp incurred lease obligation of $19,595,653 with Pontus EHC Palm Beach, LLC maturing twenty years.
“he lessor is Pontus EHC Palm Beach, LLC , a Delaware limited liability company and a portfolio company of Pontus Net Lease Advisors,”
DIEBOLD NIXDORF, Inc incurred term loan of $1.25 billion with GLAS USA LLC at adjusted secured overnight financing rate with a one-month tenor rate plus 7.50% maturing August 11, 2028.
“On the Effective Date, the Company, as borrower, entered into a credit agreement (the “Exit Credit Agreement”) governing its $1.25 billion senior secured term loan credit facility (the “Exit Facility”)”
Acri Capital Acquisition Corp incurred senior notes of $75,000 with Acri Capital Sponsor LLC 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.
“the Company issued an unsecured promissory note of $75,000 (the “ Note ”) to its sponsor, Acri Capital Sponsor LLC (the “ Sponsor ”).”
Hainan Manaslu Acquisition Corp. incurred loan of $227,700 with Able View Inc. maturing upon closing of a business combination by the Company.
“On August 11, 2023, Hainan Manaslu Acquisition Corp. (the “Company”) issued one unsecured promissory note in an amount of $227,700 (the “Note”), to Able View Inc., in exchange for Able View Inc. depositing such amount into the Company’s trust account in order to further 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.”
North Haven Private Income Fund LLC incurred senior notes of $128.0 million in aggregate principal amount of Series B Senior Notes, Tranche B, due August 10, 2028 with certain qualified institutional investors at 8.88% per year maturing August 10, 2028.
“the issuance of $128.0 million in aggregate principal amount of Series B Senior Notes, Tranche B, due August 10, 2028 (the “Tranche B Notes” and, together with the Tranche A Notes, collectively, the “Series B Notes”)”
North Haven Private Income Fund LLC incurred senior notes of $107.0 million in aggregate principal amount of Series B Senior Notes, Tranche A, due August 10, 2026 with certain qualified institutional investors at 8.84% per year maturing August 10, 2026.
“On August 10, 2023, North Haven Private Income Fund LLC (the “Company”) entered into a Master Note Purchase Agreement (the “August 2023 NPA”) governing the issuance of $107.0 million in aggregate principal amount of Series B Senior Notes, Tranche A, due August 10, 2026 (the “Tranche A Notes”)”
United Homes Group, Inc. amended revolving credit of up to $240,000,000 with Wells Fargo Bank, National Association, as administrative agent; Wells Fargo Securities, LLC, as sole Lead Arranger and sole Bookrunner; and the lenders party thereto at Secured Overnight Financing Rate plus an applicable margin (ranging from 275 bas maturing August 10, 2026.
“given them in the Second Amended and Restated Credit Agreement. The Second Amended and Restated Credit Agreement provides for a three-year revolving credit facility of up to $240,000,000 (the “Revolving Loans” or the “Amended Credit Facility”). The Amended Credit Facility also includes a $2,000,000 letter of credit as a sub-facility subject to the same terms and”
Leo Holdings Corp. II incurred loan of aggregate of $240,000 with Leo Investors II Limited Partnership at does not bear interest maturing closing of the Company’s initial business combination.
“On August 9, 2023, Leo Holdings Corp. II (the “Company” or “Leo”) drew an aggregate of $240,000 (the “Extension Funds”), pursuant to the Promissory Note, dated January 12, 2023 between the Company and Leo Investors II Limited Partnership (the “Note”), which Extension Funds the Company deposited into the Company’s trust account for its public shareholders.”
byNordic Acquisition Corp incurred loan of $710,000 with Sponsor at do not bear interest maturing mature upon closing of BYNO’s initial business combination.
“Extension Meeting ”), Water by Nordic AB, a Swedish limited liability company (the “ Sponsor ”), agreed that if the Redemption Limit Elimination Proposal (as defined below) and the Extension Amendment Proposal (as defined below) were approved,”
byNordic Acquisition Corp incurred loan of $625,000 with Sponsor at do not bear interest maturing mature upon closing of BYNO’s initial business combination.
“Extension Meeting ”), Water by Nordic AB, a Swedish limited liability company (the “ Sponsor ”), agreed that if the Redemption Limit Elimination Proposal (as defined below) and the Extension Amendment Proposal (as defined below) were approved,”
Envista Holdings Corp incurred convertible notes of $500,250,000 in aggregate principal amount with Wilmington Trust, National Association at 1.75% per annum maturing August 15, 2028.
“On August 10, 2023, Envista Holdings Corporation (the “ Company ”) issued $500,250,000 in aggregate principal amount of its 1.75% Convertible Senior Notes due 2028 (the “ Notes ”).”
HA Sustainable Infrastructure Capital, Inc. incurred convertible notes of $402.5 million aggregate principal amount at 3.750% maturing February 15, 2028.
“issued $402.5 million aggregate principal amount of 3.750% Green Exchangeable Senior Unsecured Notes due 2028”
CNH Industrial Capital LLC incurred senior notes of CAD$ 400 million with accredited investors in Canada at 5.50% maturing August 11, 2026.
“CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its indirect wholly owned subsidiary, CNH Industrial Capital Canada Ltd., has completed its previously announced private placement offering of CAD$ 400 million in aggregate principal amount of 5.50% notes due August 11, 2026, with an issue price of 99.883%.”
Starco Brands, Inc. amended loan of $4,000,000.00 with Ross Sklar at Wall Street Journal Prime Rate plus 2% (current floating interest rate of 10.5%) maturing December 31, 2024 (automatically extends for a 90-day period).
“The Consolidated Secured Promissory Note was issued to Sklar on August 11, 2023, in the principal sum of $4,000,000.00 and provides for the delay in the Company’s repayment of $4,000,000.00 due to Sklar under outstanding loan obligations relating to the Prior Notes until December 31, 2024 (the “ Maturity Date ”).”
Nixxy, Inc. amended debt with Calvary Fund I LP maturing original maturity dates of August 17, 2023 and August 30, 2023, respectively.
“On August 7, 2023, the Company and Calvary amended the Notes by entering into an amendment (the “Amendment”) to extend the maturity date of the Notes by 180 days from their original maturity dates of August 17, 2023 and August 30, 2023, respectively”
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.