New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
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”
CUMULUS MEDIA INC incurred senior notes of approximately $308.8 million aggregate principal amount with U.S. Bank Trust Company, National Association at 8.000% per annum maturing July 1, 2029.
“On or about the Settlement Date, approximately $308.8 million aggregate principal amount of the New Notes are expected to be issued as a result of the settlement of the Exchange Offer”
NovAccess Global Inc. incurred convertible notes of $26,500 with AJB Capital Investments, LLC at 12% a year maturing October 26, 2024.
“On April 29, 2024, NovAccess Global Inc. (“NovAccess” or the “company”) entered into a securities purchase agreement (the “SPA”) with AJB Capital Investments, LLC (“AJB”) and issued a promissory note in the principal amount of $26,500 (the “note”) to AJB pursuant to the SPA.”
INTEST CORP amended credit facility with M&T Bank maturing May 2, 2031.
“the term loan and revolving credit facility maturity date is extended from September 19, 2027 to May 2, 2031.”
EMCORE CORP amended credit facility with Wingspire Capital LLC.
“The disclosures regarding the Credit Agreement, the Appointment of Agent and Assignment of Financing Documents Agreement and the Forbearance Agreement set forth in Item 1.01 above are incorporated by reference into this Item 2.03.”
CEDAR FAIR L P incurred revolving credit of $300.0 million revolving credit facility with Wells Fargo Bank, National Association at Term SOFR or Term CORRA plus a margin of 2.00% per annum or base rate or Canadia maturing February 10, 2028.
“a $300.0 million revolving credit facility maturing in 2028 (the "Revolving Credit Facility"”
CEDAR FAIR L P incurred credit facility of $1.0 billion senior secured term loan B with Wells Fargo Bank, National Association at Term SOFR plus a margin of 2.00% per annum or base rate plus a margin of 1.00% p maturing May 1, 2031.
“Wells Fargo Bank, National Association, as administrative agent and collateral agent. The New Credit Agreement governs Cedar Fair’s new credit facilities, comprising of a 7-year $1.0 billion senior secured term loan B maturing in 2031 (the “Term Loan”) and a $300.0 million revolving credit facility maturing in 2028 (the “Revolving Credit Facility” and, together with”
Six Flags Entertainment Corp/OLD incurred senior notes of $850.0 million with U.S. Bank Trust Company, National Association at 6.625% per annum maturing May 1, 2032.
“On May 2, 2024, Six Flags Entertainment Corporation (“Six Flags,” “we,” “us” or “our”) and Six Flags Theme Parks Inc. (“SFTP”) issued, as co-issuers, an aggregate principal amount of $850.0 million of 6.625% Senior Secured Notes due 2032 (the “Notes”).”
Aquaron Acquisition Corp. incurred loan of $20,000 with Bestpath IoT Technology Ltd. at does not bear interest maturing upon closing of a business combination.
“On May 2, 2024, Aquaron Acquisition Corp. (the “ Company ”) issued an unsecured promissory note in the aggregate principal amount of $20,000 (the “ Note ”) to Bestpath IoT Technology Ltd. (“ Bestpath ”) in exchange for Bestpath 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 mature upon closing of a business combination by the Company.”
Greenbrook TMS Inc. incurred term loan of US$2,802,030 with Madryn Fund Administration, LLC at 9.0% plus the 3-month term Secured Overnight Financing Rate (subject to a floor maturing 63 months, with principal payments starting September 30, 2026.
“Pursuant to the Amendment, the Company borrowed US$2,802,030 in senior secured term loans (the “ New Loan ”), the proceeds of which are expected to be used by the Company for general corporate and working capital purposes. The Amendment also extends the period during which the Company’s minimum liquidity covenant is reduced from US$3,000,000 to US$300,000 to May 30, 2024. After giving effect to the Amendment and the borrowing of the New Loan, the aggregate principal amount outstanding under the Credit Agreement is approximately US$99 million (collectively, the “ Loans ”). The Loans accrue interest at a rate per annum equal to 9.0% plus the 3-month term Secured Overnight Financing Rate (subject to a floor of 1.5%) plus 0.10%. The Loans mature over 63 months and provide for four years of interest-only payments. The outstanding principal balance is due in five equal quarterly installments beginning on September 30, 2026.”
Doma Holdings, Inc. incurred term loan of $22.5 million at Term SOFR (subject to a 1.0% floor) plus 9.0% per annum maturing three years after it is drawn.
“Pursuant to the Senior Loan Agreement, the lenders party thereto have committed, on a several basis, to provide States Title with a $22.5 million senior secured delayed draw term loan facility (the “Senior Term Facility”) (with certain subsidiaries of States Title guaranteeing the obligations thereunder).”
United Parks & Resorts Inc. incurred term loan of $380 million with JPMorgan Chase Bank, N.A., as administrative agent maturing August 25, 2028.
“JPMorgan Chase Bank, N.A., as administrative agent (the “Credit Agreement”). After giving effect to the Amendment, including the incurrence of an aggregate principal amount of $380 million of Incremental Term B-2 Loans under the Credit Agreement (the “Incremental Term B-2 Loans”) to finance the redemption of the 2025 Secured Notes (as defined below) and for general”
Thryv Holdings, Inc. incurred revolving credit of $85.0 million with Citizens Bank, N.A. at SOFR plus 2.50%-2.75% maturing May 1, 2028.
“The ABL Credit Agreement established a $85.0 million asset-based revolving loan facility (the “ABL Facility”) which is governed by a borrowing base and the Company’s Trailing 90 Day Collections (as defined in the ABL Credit Agreement).”
Thryv Holdings, Inc. incurred term loan of $350.0 million with Citizens Bank, N.A. at SOFR plus 6.75% maturing May 1, 2029.
“The Term Loan Agreement established a senior secured term loan facility (the “Term Loan Facility”) in an aggregate principal amount equal to $350.0 million.”
CIMG Inc. incurred convertible notes of $320,000 with certain investors at 7% maturing one-year following the issuance date.
“the “Purchase Agreement”) with certain investors (the “Investors”), providing for the private placement of convertible”
Scorpius Holdings, Inc. amended convertible notes of $2,250,000 with Elusys Holdings Inc. at 1% maturing September 1, 2025.
“agreed to issue to Buyer an amended and restated 1% convertible promissory note in the principal amount of $2,250,000 (the “Restated Note”) in exchange for that certain prior 1% convertible promissory note, dated January 26, 2024, issued to Buyer in the principal amount of $2,250,000 to amend Section 2(b) thereof relating to certain adjustments in the conversion price and extend its maturity date to September 1, 2025”
Scorpius Holdings, Inc. incurred loan of $750,000 with Elusys Holdings Inc. at 1% maturing July 1, 2024.
“the Buyer agreed to loan the Company $750,000 and the Company agreed to sell to the Buyer a 1% non-convertible promissory note due July 1, 2024 in the principal amount of $750,000”
LIBERTY STAR URANIUM & METALS CORP. incurred loan of $45,000 with Peter O’Heeron at 10% per annum maturing May 1, 2025.
“On May 1, 2024, Liberty Star Uranium & Metals Corp. (the “Company”) entered into a Promissory Note Agreement (the “Note”) with Peter O’Heeron, Chairman, Secretary & Treasurer of the Company. The Note was executed to evidence a $45,000 loan to the Company from Mr. O’Heeron.”
NORTHWEST BIOTHERAPEUTICS INC incurred loan of $11,005,000 with Streeterville Capital, LLC at 8% per annum maturing 22 months.
“On April 26, 2024, Northwest Biotherapeutics, Inc. (the “Company”) entered into a Commercial Loan Agreement and Note (collectively, the “Loan Agreement”) with Streeterville Capital, LLC (the “Holder”) in the amount of $11,005,000.”
GROUP 1 AUTOMOTIVE INC amended revolving credit of $500.0 million increase, aggregate maximum borrowing amount of $2.5 billion as of the Closing Date and a total Credit Fa with Group 1 Automotive, Inc. and certain subsidiaries.
“Effective April 30, 2024 (the “Closing Date”), Group 1 Automotive, Inc. (the “Company”) and certain subsidiaries of the Company entered into an amendment (together with certain commitment increase agreements entered into in connection therewith, collectively, the “Increase Documents”) to the Company’s existing twelfth amended and restated revolving credit agreement (the “Credit Agreement” and the revolving credit facility established thereby, the “Credit Facility”), which Increase Documents increased the total commitments under the Credit Facility by $500.0 million and allow for future increases of up to an additional $500.0 million, for an aggregate maximum borrowing amount of $2.5 billion as of the Closing Date and a total Credit Facility size of up to $3.0 billion.”
Oil-Dri Corp of America incurred senior notes of $10 million in aggregate principal amount with PGIM, Inc. at 6.47% maturing April 30, 2033.
“issuance of $10 million in aggregate principal amount of 6.47% Series D Senior Notes due April 30, 2033 pursuant to the shelf facility provisions of the Company’s existing Amended and Restated Note Purchase and Private Shelf Agreement, as amended, with PGIM, Inc.”
Oil-Dri Corp of America incurred credit facility of $10 million advance with BMO Bank N.A..
“A portion of the Purchase Price was financed through a $10 million advance under the Company’s existing credit facility, as amended, with BMO Bank N.A.”
GRESHAM WORLDWIDE, INC. reported a default on convertible notes of $2,000,000 with an accredited investor at default rate of 18%.
“On April 26, 2024, Gresham Worldwide, Inc. (the “Company”) received a Notice of Event of Default (the “Notice”) in reference to the Senior Secured Convertible Note (the ‘Senior Note”) in the principal amount of $2,000,000”
COOPER COMPANIES, INC. incurred revolving credit of $2.300 billion with PNC Bank, National Association at applicable rate of, initially, 12.5 basis points, in respect of base rate loans, maturing May 1, 2029.
“On May 1, 2024, The Cooper Companies, Inc. (the “Company”) entered into a Revolving Credit Agreement (the “Credit Agreement”), among the Company, CooperVision International Limited (“CooperVision International” and, together with the Company, individually each a “Borrower” and collectively, the “Borrowers”), the lenders from time to time party thereto, PNC Bank, National Association (“PNC Bank”), as administrative agent, and the other parties thereto. The Credit Agreement provides for a multicurrency revolving credit facility (the “Revolving Credit Facility”) in an aggregate principal amount of $2.300 billion”
HAEMONETICS CORP incurred revolving credit of $750 million senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent at Adjusted Term SOFR Rate plus an applicable rate ranging from 1.125% to 1.750% maturing April 30, 2029.
“The Revised Credit Agreement provides for a $250 million senior unsecured term loan, the proceeds of which have been used to retire the balance of the term loan under the 2022 Credit Agreement, and a $750 million senior unsecured revolving credit facility, which constitutes a $330 million increase from the revolving credit facility under the 2022 Credit Agreement.”
HAEMONETICS CORP incurred credit facility of $250 million senior unsecured term loan with JPMorgan Chase Bank, N.A., as administrative agent at Adjusted Term SOFR Rate plus an applicable rate ranging from 1.125% to 1.750% maturing April 30, 2029.
“The Revised Credit Agreement provides for a $250 million senior unsecured term loan, the proceeds of which have been used to retire the balance of the term loan under the 2022 Credit Agreement, and a $750 million senior unsecured revolving credit facility, which constitutes a $330 million increase from the revolving credit facility under the 2022 Credit Agreement.”
Mountain Crest Acquisition Corp. V incurred loan of up to $300,000 with Mountain Crest Global Holdings LLC at does not bear interest maturing the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Company liquidates if a b.
“On April 30, 2024, Mountain Crest Acquisition Corp. V (the "Company") issued an unsecured promissory note in the aggregate principal amount up to $300,000 (the "Note") to Mountain Crest Global Holdings LLC, the Company's sponsor (the "Sponsor").”
Nauticus Robotics, Inc. incurred term loan of $1,000,000 with ATW Special Situation III LLC maturing 30th anniversary of the date of the Term Loan Agreement.
“ATW Special Situation III LLC, one of the lenders under the Term Loan Agreement, will loan an additional $1,000,000 (the "Incremental Loan") to the Company”
Getaround, Inc amended senior notes of $61,677,504.04 with Mudrick Capital Management L.P. at 15.00% per annum maturing August 7, 2026.
“in our current report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on January 24, 2024, to reflect an increased aggregate principal amount of $61,677,504.04, which is comprised of the original $40,303,393.49 principal amount under the Fourth A&R Note, $1,374,110.55 in accrued interest on the Note as of April 29, 2024, and an”
PROCACCIANTI HOTEL REIT, INC. incurred loan of $23,670,000 with Liberty Bank at one-month term Secured Overnight Financing Rate (“SOFR”) plus two hundred fifty maturing five (5) years from the date of the Refinancing Notes.
“Hotel Loan”, and together with the St. Petersburg Hotel Loan, the “Refinancing Loans”). In connection with the Refinancing Loans, the Company borrowed an aggregate amount of $23,670,000 and issued promissory notes (the “Refinancing Notes”) to Liberty Bank in the same amount. The loan proceeds were primarily used to pay off in full the existing first mortgages on”
International Seaways, Inc. amended revolving credit of $500 million with Nordea Bank Abp, New York Branch at term SOFR+185bps maturing January 31, 2030.
“amendment, the $750 Million Facility, had a remaining term loan balance of $94.6 million and undrawn revolver capacity of $257.4 million. The amended agreement consists of a $500 million revolving credit facility (the “$500 Million RCF ”) that matures on January 31, 2030. That maturity date is subject to acceleration upon the occurrence of certain events (as”
Permian Resources Corp amended revolving credit of $2.5 billion with JPMorgan Chase Bank, N.A., as administrative agent.
“of Permian Resources Corporation (the “ Company ”), entered into the Seventh Amendment to the Third Amended and Restated Credit Agreement (the “ Seventh Amendment ”), dated as of April 25, 2024, among OpCo, each of the lenders and guarantors party thereto and JPMorgan Chase Bank, N.A., as administrative agent (as amended, the “ Credit Agreement ”).”
Tronox Holdings plc incurred term loan of $741,000,000 with HSBC Bank USA, National Association at base rate or SOFR rate plus an applicable margin; margin of 1.75% per annum for maturing April 4, 2029.
“the Amendment provides the Borrower with a new five-year incremental term loan facility (the “2024 Other Term Facility” and the loans thereunder, the “2024 Other Term Loans”) in an aggregate principal amount of $741,000,000”
XTI Aerospace, Inc. incurred loan of $1,305,000.00 with Streeterville Capital, LLC at 10% per annum maturing 12 months from the issuance date.
“On May 1, 2024, XTI Aerospace, Inc. (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Holder”), pursuant to which the Company agreed to issue and sell to the Holder a secured promissory note (the “Note”) in an initial principal amount of $1,305,000.00 (the “Initial Principal Amount”), which is payable on or before the date that is 12 months from the issuance date (the “Maturity Date”)”
RiskOn International, Inc. reported a default on convertible notes of $6,875,000 with Investors maturing maturity date.
“” and collectively, the “ Investors ”), senior secured convertible notes (individually, a “ Note ” and collectively, the “ Notes ”) with an aggregate principal face amount of $6,875,000, which such Notes are convertible into shares of common stock, par value $0.001 per share of the Company (the “ Common Stock ”) and five-year warrants to purchase an aggregate of”
Clearwater Paper Corp incurred term loan of $90 million with AgWest Farm Credit, PCA, as administrative agent at SOFR or a base rate, as applicable, plus, in each case, an applicable margin tha maturing May 1, 2029.
“million (the “Farm Credit Term Loan Facility”), which was fully drawn after giving effect to the closing of the Transaction and (iii) a term loan commitment in the amount of $90 million (the “Commercial Bank Term Loan Facility” and together with the Farm Credit Term Loan Facility, collectively, the “Term Loan Facilities”), which was fully drawn after giving”
Clearwater Paper Corp incurred term loan of $400 million with AgWest Farm Credit, PCA, as administrative agent at SOFR or the Agent's fixed rate, as applicable, plus, in each case, an applicable maturing May 1, 2031.
“on October 27, 2023 and $120 million of which was drawn after giving effect to the closing of the Transaction (as defined below) (ii) a term loan commitment in the amount of $400 million (the “Farm Credit Term Loan Facility”), which was fully drawn after giving effect to the closing of the Transaction and (iii) a term loan commitment in the amount of $90 million”
Clearwater Paper Corp incurred credit facility of $270 million with AgWest Farm Credit, PCA, as administrative agent at SOFR or the Agent's fixed rate, as applicable, plus, in each case, an applicable maturing May 1, 2029.
“(as amended, the “Non-ABL Credit Agreement”). The credit facility provided under the Non-ABL Credit Agreement consists of (i) a term revolver loan commitment in the amount of $270 million (the “Term Revolver Facility”), $150 million of which was disbursed on October 27, 2023 and $120 million of which was drawn after giving effect to the closing of the Transaction”
UNITED NATURAL FOODS INC incurred term loan of $130 million with Wells Fargo Bank, National Association at SOFR plus 2.50% per annum.
“The ABL Amendment provides for (i) the creation of a FILO tranche of $130 million with an Applicable Margin (as defined in the ABL Loan Agreement) rate equal to SOFR plus 2.50% per annum”
UNITED NATURAL FOODS INC amended term loan of $500 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at 4.75% over SOFR maturing May 1, 2031.
“The Term Loan Amendment provides for (i) the reduction of the principal amount of the facility to $500 million, (ii) the extension of the maturity to May 1, 2031”
Hyperscale Data, Inc. incurred loan of $1,705,000 with an accredited investor at fifteen percent (15%) per annum maturing May 17, 2024.
“Ault Alliance, Inc., a Delaware corporation (the “ Company ”) issued to an accredited investor a term note (the “ Note ”) with a principal face amount of $1,705,000.”
ROCKY BRANDS, INC. incurred credit facility of $175 million revolving facility (with a $50 million accordion feature) and a $50 million term loan facility with Bank of America, N.A. at Base Rate or Term SOFR, plus in each case an interest margin determined by the C.
“retired all amounts outstanding under, and terminated, the Existing Term Loan Agreement. The ABL Agreement consists of a senior secured asset-based credit facility with a $175 million revolving facility (with a $50 million accordion feature) and a $50 million term loan facility. As of April 26, 2024, the Company had $162,870,805.71 in borrowings under the ABL”
CONAGRA BRANDS INC. incurred term loan of $300.0 million with Bank of America, N.A. at Term SOFR, plus 1.15% per annum, plus a 0.10% per annum rate spread adjustment maturing April 29, 2025.
“On April 29, 2024, Conagra Brands, Inc. (the “Company”) entered into a Term Loan Agreement (the “Term Loan Agreement”) with Bank of America, N.A. (“Bank of America”), as administrative agent and a lender, and the other lenders (if any) party thereto, providing for term loans to the Company in an aggregate principal amount of $300.0 million.”
ProSomnus, Inc. incurred senior notes of $2,000,000 aggregate principal amount with certain existing ProSomnus investors at 9% per annum maturing December 6, 2025.
“issued and sold to certain existing ProSomnus investors an additional $2,000,000 aggregate principal amount of the Company’s Senior Secured Convertible Notes due December 6, 2025”
Hempacco Co., Inc. incurred convertible notes of $379,288.88 with Mast Hill Fund, L.P. at 10% per annum maturing 12 months following the issue date.
“the Company sold, and Mast Hill purchased, (i) a convertible promissory note in the principal amount of $379,288.88”
Real Good Food Company, Inc. incurred loan of up to $2.6 million with PMC Financial Services Group, LLC at 'Prime Rate' minus 0.5% plus PIK interest of 6.85% per annum maturing December 31, 2026.
“The Amendment allows for an additional debt component related to the purchasing of equipment (the “Second Equipment Loan”), which allows for up to $2.6 million in borrowing, which can be drawn upon beginning on the date of this Amendment through June 11, 2024. The Maturity date of the Second Equipment Loan is the earlier of December 31, 2026, or the termination of this agreement. The Second Equipment Loan shall bear interest at an annual rate equal to (i) the “Prime Rate” currently in effect from time to time minus 0.5%, plus (ii) payable in kind (“PIK”) interest of 6.85% per annum.”
Janus International Group, Inc. amended credit facility with UBS AG, Stamford Branch at reduces the applicable interest rate margins on the First Lien’s term loans by 5.
“The Repricing Amendment reduces the applicable interest rate margins on the First Lien’s term loans by 50 basis points to 1.50% (for the term loans bearing interest at rates based on the base rate) and to 2.50% (for the term loans bearing interest at rates based on the secured overnight financing rate).”
TriSalus Life Sciences, Inc. incurred credit facility of $25 million with OrbiMed Royalty & Credit Opportunities IV, LP at SOFR plus 8.50% maturing April 30, 2029.
“On April 30, 2024, the Borrower borrowed the Initial Commitment Amount, resulting in gross proceeds to the Borrower of $25 million.”
NRX Pharmaceuticals, Inc. faced acceleration on convertible notes of $11,020,000.00 with Streeterville Capital, LLC.
“Note (the "Note") dated November 4, 2022 issued by NRX Pharmaceuticals, Inc., a Delaware corporation ("Borrower"), in favor of Lender, in the original principal amount of $11,020,000.00, as amended by that certain Amendment to Convertible Promissory Note dated March 30, 2023 ("Amendment #1"), that certain Amendment #2 to Convertible Promissory Note dated July”
Alzamend Neuro, Inc. incurred loan of $310,000 with an accredited investor at fifteen percent (15%) per annum maturing May 13, 2024.
“Effective April 29, 2024, the Company issued to an accredited investor a term note (the “ Note ”) with a principal face amount of $310,000. The Note bears interest at the rate of fifteen percent (15%) per annum and the Note was issued with an original issuance discount. The maturity date of the Note is May 13, 2024.”
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.