New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
ITC Holdings Corp. incurred senior notes of $400.0 million with Computershare Trust Company, National Association, as successor to Wells Fargo Bank, National Association, as trustee at 5.650% per annum maturing May 9, 2034.
“under which the Company issued $400.0 million aggregate principal amount of its 5.650% senior notes due 2034 (the “notes”).”
STARZ ENTERTAINMENT CORP /CN/ incurred senior notes of $389,861,000 with U.S. Bank Trust Company, National Association at 5.500% per annum maturing April 15, 2029.
“”), Lions Gate Entertainment Corp. (the “ Company ”) and certain of its subsidiaries completed the previously announced private exchange, pursuant to which the parties exchanged $389,861,000 aggregate principal amount of 5.500% senior notes due 2029 (the “ Existing Notes ”) for $389,861,000 aggregate principal amount of new 5.500% exchange notes due 2029 (the “ New”
VAIL RESORTS INC incurred senior notes of $600 million with U.S. Bank Trust Company, National Association at 6.500% per annum maturing May 15, 2032.
“On May 8, 2024, Vail Resorts, Inc. (the “Company”) completed an offering of $600 million in aggregate principal amount of its 6.500% Senior Notes due 2032”
ProSomnus, Inc. faced acceleration on senior notes of $41,669,228.
“the principal and interest due under the Indentures shall automatically become due and payable. The outstanding principal about due under the Indentures is, in the aggregate, $41,669,228, and the outstanding interest as of May 7, 2024 is $856,254. Any efforts to enforce such payment obligations under the Indentures are automatically stayed as a result of the”
ProSomnus, Inc. incurred credit facility of $13 million with Wilmington Savings Fund Society, F.S.B., as administrative agent and collateral agent maturing November 7, 2024.
“the DIP Lenders have agreed, upon the terms and conditions set forth therein, including the approval of the Court, to make available to the Company a senior subordinate secured debtor-in-possession term loan credit facility in the aggregate principal amount of $13 million”
T Series Middle Market Loan Fund LLC amended revolving credit of decrease the Maximum Commitment in the amount of $63,500,000 for an aggregate Maximum Commitment of $175,000,000 with Commonwealth Bank of Australia maturing extend the Maturity Date to November 1, 2024.
“The Fifth Amendment amended certain terms of the CBA Subscription Facility, including, but not limited to, amendments to (a) transition from CDOR to CORRA for Canadian Dollar borrowings, (b) extend the Maturity Date to November 1, 2024 (“New Maturity Date”), (c) allow for the Borrower to extend the New Maturity Date for an additional 6 month term, subject to certain conditions, and (d) decrease the Maximum Commitment in the amount of $63,500,000 for an aggregate Maximum Commitment of $175,000,000.”
Generation Asia I Acquisition Ltd incurred loan of $450,000 with Generation Asia LLC at no interest maturing upon the consummation of a business combination.
“issued a non-convertible unsecured promissory note to Generation Asia LLC, a Cayman Islands limited liability company (the " Sponsor "), for a collective principal amount of $450,000”
Vintage Wine Estates, Inc. amended credit facility with BMO Bank N.A. as administrative agent and the Consenting Lenders at one-month Adjusted Term SOFR plus 0.8% plus the Applicable Margin for Adjusted B.
“On May 6, 2024, the Company, the Borrowers, the Consenting Lenders and the Agent entered into Amendment Number One to the A&R Forbearance Agreement (the “Amendment”). The Amendment, effective as of May 6, 2024, amends the A&R Forbearance Agreement, to, among other things, (a) extend the period during which the Agent and the Lenders have agreed to forbear from enforcing their respective rights and remedies in respect of certain events of default under the Loan Agreement, subject to the terms and conditions therein, to June 4, 2024 (the "Forbearance Period"), (b) extend the deadline by which the Borrowers shall make a $10 million mandatory prepayment of the term loan to June 17, 2024 and (c) amend the interest rate for swingline borrowings to be equal to one-month Adjusted Term SOFR plus 0.8% plus the Applicable Margin for Adjusted Base Rate Revolver Loans (each as defined in the Loan Agreement).”
Mondee Holdings, Inc. amended credit facility with TCW Asset Management Company maturing June 30, 2025.
“The Amendment memorializes certain agreements made by the parties, including, among other items, the following: (i) extends the final maturity date of the credit facility to June 30, 2025”
Edible Garden AG Inc incurred debt of $2,485,000 with Cedar Advance LLC maturing until the $2,485,000 due to Cedar under the Restated Agreement is paid in full.
“On May 7, 2024, Edible Garden AG Incorporated (the “Company”) entered into an amended and restated standard merchant cash advance agreement (the “Restated Agreement”) with Cedar Advance LLC (“Cedar”), dated as of May 3, 2024, that amends and restates in its entirety, the standard merchant cash advance agreement with Cedar, dated as of March 12, 2024 (the “Agreement”).”
Karyopharm Therapeutics Inc. incurred convertible notes of approximately $111.0 million aggregate principal amount of the Company’s new secured convertible senior notes.
“approximately $111.0 million aggregate principal amount of the Company’s new secured convertible senior notes”
Karyopharm Therapeutics Inc. incurred term loan of $100.0 million with Wilmington Savings Fund Society, FSB, as the administrative agent and collateral agent for the Lenders at Term SOFR (subject to a floor of 3.00%) plus 9.25% per annum maturing May 8, 2028.
“The Credit Agreement provides for a senior secured term loan facility of $100.0 million (the “Term Loan”).”
American National Group Inc. incurred senior notes of $500 million with Wilmington Trust, National Association at 6.144% per annum maturing June 13, 2032.
“On June 13, 2022, ANAT issued $500 million aggregate principal amount of its 6.144% Senior Notes due 2032 (the “ 2032 Notes ”) pursuant to an Indenture, dated as of June 13, 2022 (the “ Base Indenture ”), by and between ANAT and Wilmington Trust, National Association, as trustee (the “ Trustee ”).”
American National Group Inc. incurred term loan of $1,750,000,000 with Bank of Montreal at bear interest as determined in accordance with the Term Loan Agreement maturing May 25, 2027.
“On May 7, 2024 (the “ Effective Date ”), American Equity Investment Life Holding Company, an Iowa corporation (the “ Company ”), entered into a new term loan agreement (the “ Term Loan Agreement ”), among the Company, the lenders from time to time party thereto and Bank of Montreal, as administrative agent. The Term Loan Agreement provides for the incurrence of $1,750,000,000 in senior unsecured term loans (the “ Term Loans ”) with the potential to incur additional incremental term facilities. The Term Loans will mature on May 25, 2027 and will bear interest as determined in accordance with the Term Loan Agreement.”
SONOCO PRODUCTS CO incurred revolving credit of $1,250 million at Term SOFR plus 10 basis points SOFR Adjustment and applicable margin of 125.0 ba maturing May 3, 2029.
“The Agreement increases the commitments under the Company's revolving credit facility by $350 million to an aggregate amount of $1,250 million and extends the maturity date to May 3, 2029.”
CITIZENS, INC. incurred credit facility of $20,000,000 senior secured revolving credit facility with Regions Bank maturing May 5, 2027.
“Agreement is referred to as the “Credit Facility”). The Credit Facility was renewed on substantially the same terms as the original Credit Agreement and continues to provide a $20,000,000 senior secured revolving credit facility. The Company has not borrowed under the Credit Facility to date. The proceeds of any loan provided to the Company under the Credit”
Fortune Rise Acquisition Corp incurred loan of $100,000 with Water On Demand, Inc. at non-interest bearing maturing the earlier of (i) consummation of the Company's initial business combination and (ii) the date of the liquidation of the Company.
“ompany issued an unsecured promissory note (the “ Note ”) to Water On Demand, Inc., a Nevada corporation and the entity which controls the Company’s sponsor.”
Franklin BSP Capital Corp incurred senior notes of $300,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.200% per year maturing June 15, 2029.
“The Third Supplemental Indenture relates to the Company’s issuance of $300,000,000 aggregate principal amount of its 7.200% notes due 2029 (the “Notes”).”
AGILITI, INC. \DE incurred term loan of increased the principal amount of initial term loans by $400 million with JPMorgan Chase Bank, N.A..
“the First Amendment increased the principal amount of initial term loans by $400 million under a new incremental term facility, which otherwise has the same terms as those applicable to the existing initial term loans under the Credit Agreement”
ENERGY RESOURCES 12, L.P. incurred revolving credit of $20 million with BancFirst at Wall Street Journal Prime Rate plus 0.50%, with a floor of 4.50% maturing March 1, 2026.
“On May 2, 2024, the Partnership and its wholly-owned subsidiary, as borrowers, entered into a loan agreement (“Loan Agreement”) with BancFirst (the “Lender”), which provides for a revolving credit facility (“Credit Facility”) with an approved maximum credit amount (“Maximum Credit Amount”) of $20 million”
Seres Therapeutics, Inc. reported a default on term loan of $110.0 million currently outstanding with Oaktree Fund Administration, LLC at three-month term Secured Overnight Financing Rate (“SOFR”) (subject to a 2.50% f maturing April 27, 2029.
“The Oaktree Credit Agreement establishes a term loan facility (the “Term Loan”) of up to $250.0 million with a maturity date of April 27, 2029 (the “Maturity Date”), of which $110.0 million is currently outstanding. Borrowings under the Term Loan bear interest at a rate per annum equal to the three-month term Secured Overnight Financing Rate (“SOFR”) (subject to a”
TheRealReal, Inc. incurred senior notes of $135,000,000 in aggregate principal amount of the Company’s 4.25%/8.75% PIK/Cash Senior Secured Notes due 2029 at 13.00% per annum, consisting of cash interest at a rate of 8.75% per annum and p maturing earlier of (a) March 1, 2029 and (b) any date, if any, on or after December 1, 2027 on which (a) the aggregate principal amount of the 1.00% Convertible Senior.
“the Company issued $135,000,000 in aggregate principal amount of New Notes pursuant to that certain Indenture, dated as of the Effective Date (the “Indenture”), by and among the Company, the Guarantors (as defined in the Indenture) party thereto from time to time and GLAS Trust Company LLC, as trustee and notes collateral agent.”
SPLASH BEVERAGE GROUP, INC. incurred senior notes of $1,850,000 with certain accredited investors at 12% per annum maturing eighteen months from the issuance date.
“On May 1, 2024, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (the “Purchasers”). Pursuant to the Purchase Agreement, the Company sold the Purchasers: (i) senior convertible notes in the aggregate original principal amount of $1,850,000, (the “Notes”)”
Bandwidth Inc. amended revolving credit of increase the aggregate revolving credit commitments from $50.0 million to $100.0 million with Bank of America, N.A. maturing extend the maturity date to the earlier of May 1, 2029 (previously August 1, 2028) or the date that is 91 days prior to the scheduled maturity date or mandatory.
“LLC as Joint Lead Arrangers and Joint Bookrunners. Effective as of May 1, 2024, the Credit Agreement was amended to: • increase the aggregate revolving credit commitments from $50.0 million to $100.0 million; • increase the swingline sublimit from $5.0 million to $10.0 million; • increase from $75.0 million to $82.5 million the minimum liquidity (which includes the”
Driveitaway Holdings, Inc. incurred revolving credit of $2,000,000 line of credit with the Lender at fifteen percent (15%) per annum maturing eighteen (18) months from the date that the funds for each Draw are disbursed.
“On March 1, 2024, DIA Leasing, LLC. (the “Borrower”), a direct wholly owned subsidiary of DriveitAway Holdings, Inc. (“DWAY”), closed a $2,000,000 line of credit facility (the “Credit Facility”) with an investor (the “Lender”).”
AMYRIS, INC. incurred credit facility of $160 million with Euagore, LLC.
“the Lenders agreed to make available to the Borrowers loans in an aggregate principal amount of up to $160 million, excluding the $30 million principal portion of the Company’s outstanding DIP Facility that is amended and restated, rolled-over into and assumed as part of the Exit First Lien Facility.”
Prologis, Inc. incurred senior notes.
“Prologis Euro Finance LLC (the "Euro Issuer") and Prologis, L.P. (the "Operating Partnership") closed the issuance and sale of the Notes (defined below) on May 7, 2024.”
GXO Logistics, Inc. incurred senior notes of $1.1 billion in aggregate principal amount with Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as trustee at 6.250% per year for the 2029 notes and 6.500% per year for the 2034 notes maturing May 6, 2029 for the 2029 notes and May 6, 2034 for the 2034 notes.
“On May 6, 2024, GXO Logistics, Inc. (“ GXO ”) completed its previously announced offering of $1.1 billion in aggregate principal amount of senior notes, consisting of $600 million in aggregate principal amount of notes due 2029 (the “ 2029 notes ”) and $500 million in aggregate principal amount of notes due 2034 (the “ 2034 notes ”, and together with the 2029 notes, the “ notes ”).”
Kiromic Biopharma, Inc. incurred convertible notes of principal amount of $2,000,000 with an accredited investor at interest at a rate of 25% per annum (the “Stated Rate”) maturing matures on May 1, 2025.
“On May 1, 2024, Kiromic BioPharma, Inc. (the “Company”) issued a 25% Senior Secured Convertible Promissory Note (the “Note”) to an accredited investor. The Note has a principal amount of $2,000,000, bears interest at a rate of 25% per annum (the “Stated Rate”) and matures on May 1, 2025 (the “Maturity Date”), on which the principal balance and accrued but unpaid interest under the Note shall be due and payable.”
Canopy Growth Corp incurred convertible notes of C$96,358,375 with MMCAP International Inc. SPC at 7.50% per annum maturing five years from the Closing Date.
“a new senior unsecured convertible debenture of the Company with an aggregate principal amount of C$96,358,375 maturing five years from the Closing Date (as defined below) (the “ Convertible Debenture ”)”
Vroom, Inc. incurred senior notes of $315,821,000 with Computershare Trust Company, N.A. at 6.17% (Class A), 6.57% (Class B), 7.06% (Class C), 8.30% (Class D), and 10.45% (.
“the Trust issued $315,821,000 of asset-backed notes with the following characteristics (collectively, the “ Notes ”):”
COGENT COMMUNICATIONS HOLDINGS, INC. incurred senior notes of $206,000,000 aggregate principal amount with Wilmington Trust, National Association at 7.924% maturing May 2029.
“On May 2, 2024 (the “Closing Date”), Cogent IPv4 LLC (the “Issuer”), a special-purpose, bankruptcy remote, indirect wholly owned subsidiary of Cogent Communications Holdings, Inc. (the “Company”), completed the previously announced financing transaction by issuing $206,000,000 aggregate principal amount of 7.924% secured IPv4 address revenue notes, Series 2024-1 Class A-2 (collectively, the “Notes”), with an anticipated term ending in May 2029 (such anticipated repayment date, the “ARD”)”
MOODYS CORP /DE/ incurred revolving credit of up to $1.25 billion with JPMorgan Chase Bank, N.A., as administrative agent at adjusted Term SOFR Rate plus a premium that can range from 80.5 basis points to maturing May 2029.
“On May 6, 2024, Moody’s Corporation (the “Company”) entered into a credit agreement (the “Credit Agreement”) among the Company, the borrowing subsidiaries party thereto, the lenders and issuing banks party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents party thereto. The Credit Agreement provides a senior, unsecured revolving credit facility (the “Facility”) in an aggregate principal amount of up to $1.25 billion that matures in May 2029.”
Precipio, Inc. incurred loan of $250,000 with Altbanq Lending LLC. at 20%.
“On May 1, 2024, Precipio, Inc. (the “Company”) entered into a Business Loan and Security Agreement (the “Loan Agreement”), by and between the Company, as borrower, and Altbanq Lending LLC., as lender (the “Lender”) pursuant to which the Company obtained a loan from the Lender in the principal amount of $250,000”
Ainos, Inc. incurred convertible notes of $9,000,000 with ASE Test, Inc. at six percent compound interest maturing May 3, 2027.
“On May 3, 2024, Ainos, Inc., a Texas corporation (“Ainos”, “we” or the “Company”), entered into a Convertible Note and Warrant Purchase Agreement (the “Agreement”) with ASE Test, Inc., Taiwanese company (“ASE Test”), pursuant to which the Company issued to ASE Test a convertible note in the aggregate principal amount of US$9,000,000.”
RCI HOSPITALITY HOLDINGS, INC. incurred term loan of $20.0 million with Centennial Bank at 8.25% maturing April 30, 2034.
“our wholly-owned subsidiary RCI Holdings, Inc. ("RCI Holdings") entered into and closed a term loan with Centennial Bank for $20.0 million (the "Loan").”
Burke & Herbert Financial Services Corp. incurred senior notes of $8,248,000 at floating rate maturing 2036.
“(iii) floating rate junior subordinate notes due 2036 having an aggregate principal amount not in excess of $8,248,000”
Burke & Herbert Financial Services Corp. incurred debt of $7,732,000 maturing April 23, 2034.
“(ii) junior subordinated debt securities due April 23, 2034 having an aggregate principal amount not in excess of $7,732,000”
Burke & Herbert Financial Services Corp. incurred debt of $3,609,000 at floating rate maturing 2032.
“(i) floating rate junior subordinated debt securities due 2032 in an aggregate principal amount not in excess $3,609,000”
Burke & Herbert Financial Services Corp. incurred senior notes of $75 million at 3.25% fixed-to-floating rate maturing December 31, 2031.
“(ii) $75 million in aggregate principal amount of 3.25% fixed-to-floating rate subordinated notes due December 31, 2031 (the “2031 Notes” and together with the 2030 Notes, the “Notes”) issued by Summit on November 16, 2021”
Burke & Herbert Financial Services Corp. incurred senior notes of $30 million at 5.00% fixed-to-floating rate maturing September 30, 2030.
“Burke & Herbert assumed Summit’s obligations under (a) outstanding subordinated notes, consisting of: (i) $30 million in aggregate principal amount of 5.00% fixed-to-floating rate subordinated notes due September 30, 2030 (the “2030 Notes”) issued by Summit on September 22, 2020”
RenX Enterprises Corp. incurred convertible notes of $350,000.00 with Peak One Opportunity Fund, L.P. at 8% per annum maturing twelve months from its date of issuance.
“the Company issued an 8% convertible debenture in principal amount of Three Hundred Fifty Thousand Dollars ($350,000.00) (the “Debenture”) to Peak One”
ClimateRock incurred loan of up to $600,000 with U.N. SDG Support LLC at no interest maturing upon the earlier of (a) the date of the consummation of the Business Combination, and (b) the date of the liquidation of the Company.
“On April 30, 2024, ClimateRock (the “ Company ” or “ we ”) issued a promissory note (the “ Note ”) in the aggregate principal amount of up to $600,000 (the “ Extension Funds ”) to U.N. SDG Support LLC, a Delaware limited liability company, the Company’s sponsor (the “ Sponsor ”), pursuant to which the Extension Funds will be deposited into the Company’s trust account (the “ Trust Account ”) for the benefit of each outstanding Class A ordinary share of the Company (“ Public Share ”) that was not redeemed in connection with the extension of the Company’s termination date from May 2, 2024 to May 2, 2025.”
Blue World Acquisition Corp incurred loan of $60,000 with ZENIN INVESTMENTS LIMITED at no interest maturing upon the consummation of BWAQ's business combination.
“On May 2, 2024, BWAQ issued to ZENIN an unsecured promissory note in the principal amount of $60,000 (the “ Note ”)”
MSD Investment Corp. amended credit facility of from $495,000,000 to $595,000,000 with Citizens Bank, N.A..
“On April 18, 2024, MSD BDC SPV II, LLC, a wholly-owned subsidiary of MSD Investment Corp. (the “ Company ”), entered into Amendment No. 3 to the Loan and Security Agreement (together with the exhibits and schedules thereto, the “ Amendment ”) with Citizens Bank, N.A. as a required lender, a lender, and administrative agent, the Company as collateral manager, Everbank, N.A. as a lender, Texas Capital Bank as a lender, Western Alliance Bank as a lender, U.S. Bank Trust Company, National Association as collateral agent, and U.S. Bank National Association as account bank and collateral custodian, which amended the Loan and Security Agreement, dated as of August 15, 2023 (the “ LSA ”). The Amendment, among other things, increases the Facility Amount (as defined in the LSA) from $495,000,000 to $595,000,000.”
Project Energy Reimagined Acquisition Corp. incurred loan of up to $225,000 with Smilodon Capital, LLC maturing the earlier of: (i) the date on which PERAC consummates its initial business combination and (ii) the date that the winding up of PERAC is effective.
“On May 2, 2024, PERAC issued an unsecured promissory note (the "Note") in the principal amount of up to $225,000 to its sponsor, Smilodon Capital, LLC (the "Sponsor"), to be drawn down in connection with the previously announced contributions of $75,000 per month”
Digital Brands Group, Inc. incurred convertible notes of $250,000.00 with Target Capital 1 LLC maturing April 30, 2025.
“On April 30, 2024 (the “Issue Date”), Digital Brands Group, Inc., a Delaware corporation (the “Company”) issued a convertible promissory note in the original principal amount of $250,000.00 (the “Note”) to Target Capital 1 LLC, an Arizona limited liability company (the “Note Holder”), with a maturity date of April 30, 2025 (the “Maturity Date”).”
Uniti Group Inc. incurred credit facility of up to $300,000,000 with Citigroup Global Markets Inc. and certain of its Affiliates and Barclays Bank PLC.
“Uniti entered into a debt commitment letter (the “ Commitment Letter ”), pursuant to which Citigroup Global Markets Inc. and certain of its Affiliates and Barclays Bank PLC (the “ Lead Arrangers ”) have committed to provide to Uniti up to $300,000,000 under a secured bridge facility.”
Unique Logistics International, Inc. incurred loan of US$1,800,000 with Unique Logistics Holdings Limited.
“the Buyer is borrowing from Seller US$1,800,000 and is issuing to the Seller in exchange therefor a promissory note in the corresponding amount of US$1,800,000”
CUMULUS MEDIA INC incurred term loan of approximately $311.8 million aggregate principal amount with Bank of America, N.A..
“On or about the Issue Date, approximately $311.8 million aggregate principal amount of the New Term Loans will be outstanding under the New Credit Agreement as a result of the settlement of the Term Loan Exchange Offer”
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.