MSD Investment Corp. amended credit facility of $445,000,000 to $495,000,000 with Citizens Bank, N.A..
“increases the Facility Amount (as defined in the LSA) from $445,000,000 to $495,000,000.”
Debt Financings
New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
NKGen Biotech, Inc. incurred convertible notes of $330,000 with Meteora Select Trading Opportunities Master, LP, Meteora Capital Partners, LP and Meteora Strategic Captial, LLC at 12% maturing March 26, 2025.
“On March 26, 2024, the Company issued a 12% promissory note (the “ Meteora Note ”) in the principal amount of $330,000, pursuant to a Securities Purchase Agreement (the “ Meteora Purchase Agreement ”), by and among Meteora Select Trading Opportunities Master, LP, Meteora Capital Partners, LP and Meteora Strategic Captial, LLC (collectively, “ Meteora ”) and the Company.”
NKGen Biotech, Inc. incurred convertible notes of $330,000 with FirstFire Global Opportunities Fund, LLC at 12% maturing March 21, 2025.
“On March 21, 2024, NKGen Biotech, Inc. (the “ Company ”) issued a 12% promissory note (the “ FirstFire Note ”) in the principal amount of $330,000, pursuant to a Securities Purchase Agreement (the “ FirstFire Purchase Agreement ”), by and between the Company and FirstFire Global Opportunities Fund, LLC (“ FirstFire ”).”
Varex Imaging Corp incurred revolving credit of up to $155 million with Zions Bancorporation, N.A. DBA Zions First National Bank at SOFR plus 2.00% to 2.75% maturing September 26, 2027.
“agent, the lenders named therein, the issuing banks named therein, and Zions, as lead arranger and bookrunner, providing for a senior secured revolving credit facility of up to $155 million (the “ Credit Facility ”). Simultaneous with its entry into the Credit Facility, the Company terminated its senior secured asset-based revolving credit agreement, dated as of”
Q32 Bio Inc. incurred term loan with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company.
“On March 26, 2024, Q32 drew down the tranche B term loan advance of $7.0 million.”
AMERICAN REBEL HOLDINGS INC incurred debt of $100,000 with an individual accredited investor maturing not explicitly stated.
“with an individual accredited investor, pursuant to which the investor purchased a revenue interest from the Registrant for $100,000.”
Avalon GloboCare Corp. incurred convertible notes of $700,000.00 with Mast Hill Fund L.P. at 13%.
“the issuance of 13% senior secured promissory notes totaling $700,000.00 convertible into common stock”
Gamida Cell Ltd. reported a default on loan with Highbridge Capital Management LLC.
“The Restructuring Proceeding constitutes an event of default under each of the Indenture governing the 2021 Notes and Loan and Security Agreement governing the 2022 Notes.”
Gamida Cell Ltd. reported a default on senior notes at 5.875% maturing 2026.
“The Restructuring Proceeding constitutes an event of default under each of the Indenture governing the 2021 Notes”
Hilton Worldwide Holdings Inc. incurred senior notes of $550 million aggregate principal amount of 5.875% Senior Notes due 2029 and $450 million aggregate principal amount of 6 with Wilmington Trust, National Association at 5.875% per annum, in the case of the 2029 Notes, and 6.125% per annum, in the ca maturing April 1, 2029, in the case of the 2029 Notes, and April 1, 2032, in the case of the 2032 Notes.
“On March 26, 2024, Hilton Domestic Operating Company Inc. (the “Issuer”), an indirect subsidiary of Hilton Worldwide Holdings Inc. (the “Company”), issued and sold $550 million aggregate principal amount of 5.875% Senior Notes due 2029 (the “2029 Notes”) and $450 million aggregate principal amount of 6.125% Senior Notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”), in each case, under an Indenture, dated as of March 26, 2024 (the “Indenture”), by and among the Issuer, the Company, as a guarantor, the other guarantors party thereto and Wilmington Trust, National Association, as trustee”
STARWOOD PROPERTY TRUST, INC. incurred senior notes of $600 million aggregate principal amount with The Bank of New York Mellon at 7.250% per year maturing April 1, 2029.
“On March 27, 2024, Starwood Property Trust, Inc., a Maryland corporation (the “Company”), closed its private offering of $600 million aggregate principal amount of its 7.250% unsecured senior notes due 2029 (the “Notes”), which priced on March 13, 2024.”
Iridium Communications Inc. incurred term loan of $125 million with Deutsche Bank AG New York Branch at SOFR plus an interest rate margin of 2.5%, with a 0.75% SOFR floor maturing September 20, 2030.
“On March 25, 2024, Iridium Satellite LLC (“Satellite”), the Registrant’s principal operating subsidiary, as the borrower, entered into Amendment No. 1 (the “Amendment”) to its existing Amended and Restated Credit Agreement, dated as of September 20, 2023, with Iridium Holdings LLC (“Holdings”), as guarantor; solely with respect to Section 10.12 thereof, the Registrant; various lenders; and Deutsche Bank AG New York Branch, as Administrative Agent and Collateral Agent; with Deutsche Bank Securities Inc., Barclays Bank PLC, and Wells Fargo Securities, LLC , as Joint Lead Arrangers and Bookrunners (the “Credit Agreement”) . Pursuant to the Amendment, Satellite borrowed an additional $125 million of term loans on the same terms as the existing term loans of $1.5 billion, bearing interest at a per annum rate of SOFR plus an interest rate margin of 2.5%, with a 0.75% SOFR floor and maturing on September 20, 2030.”
Neptune Wellness Solutions Inc. reported a default on loan of $13.0 million with NH Expansion Credit Fund Holdings LP at default rate.
“(financial or otherwise) of Sprout or a material impairment of the prospect of repayment of any portion of the Note. As of the date of the Notice, Sprout had outstanding $13.0 million of principal under the Note, along with $3.9 million of interest through March 21, 2024 and additional interest accruing at the default rate following the date of the notice,”
Consolidated Communications Holdings, Inc. incurred term loan of $80.0 million with Searchlight CVL AGG, L.P. at 12.0% per annum maturing April 2, 2027.
“On March 21, 2024, Consolidated Communications Holdings, Inc. (the “Company”), its wholly owned subsidiary, Consolidated Communications, Inc. (“CCI”), as borrower, certain other wholly owned subsidiaries of CCI, as guarantors (the “Guarantors”), and Searchlight CVL AGG, L.P., as lender (the “Lender”) entered into that certain Term Loan Agreement (the “Term Loan Agreement”), which consists of delayed draw term loans in the aggregate amount of $80.0 million (the “Loan”).”
PURE BIOSCIENCE, INC. incurred convertible notes of $500,000 with certain accredited investors at 7.81%, compounded annually maturing the third-year anniversary of the date of issuance.
“On March 22, 2024, Pure Bioscience, Inc. (the “Company”) entered into a Note Purchase Agreement (the “Purchase Agreement”) with certain accredited investors (“Lenders”) pursuant to which the Company issued the Lenders convertible promissory notes (the “Notes”, collectively with the Note Purchase Agreement, the “Notes Documents”) with an aggregate principal balance of $500,000 (the “Private Placement”).”
ACURA PHARMACEUTICALS, INC amended debt with Abuse Deterrent Pharma, LLC at 5.25% maturing June 30, 2024.
“Amendment #2 has an effective date of March 15, 2024 and changes the maturity date of the Note from March 31, 2024 to June 30, 2024, at which time all principal and interest is due.”
Rackspace Technology, Inc. incurred term loan of approximately $375 million aggregate principal amount with Citibank, N.A..
“On March 26, 2024, the Company closed the Public Term Loan Exchange, pursuant to which (i) approximately $530 million aggregate principal amount of remaining Existing Term Loans were exchanged or purchased for cancellation and (ii) approximately $375 million aggregate principal amount of New FLSO Term Loans were issued by the New Borrower under the New Credit Agreement.”
U.S. SILICA HOLDINGS, INC. amended term loan of $25 million voluntary term loan principal repayment with BNP Paribas at applicable interest rate margins reduced by 75 basis points to 3.00% (for base r maturing March 23, 2030 (term loans); March 23, 2028 (revolving credit facility).
“The Repricing Amendment reduces the applicable interest rate margins on the Credit Agreement’s term loans by 75 basis points to 3.00% (for the term loans bearing interest at rates based on the base rate) and to 4.00% (for the term loans bearing interest at rates based on the secured overnight financing rate). In conjunction with the Repricing Amendment, the Company completed a voluntary term loan principal repayment of $25 million.”
Stablecoin Development Corp incurred convertible notes of $525,000.
“on March 25, 2024, the Company issued the New Notes having an aggregate principal amount of $525,000 or will be convertible into an aggregate of 3,750,000 shares of Common Stock.”
PLUG POWER INC incurred convertible notes of $140,396,000 with Wilmington Trust, National Association at 7.00% per annum maturing June 1, 2026.
“On March 20, 2024, in connection with the consummation of previously announced private exchange transactions, Plug Power Inc., a Delaware corporation (the “Company”), issued $140,396,000 in aggregate principal amount of its 7.00% Convertible Senior Notes due 2026 (the “New Notes”) under an Indenture, dated March 20, 2024 (the “Indenture”), between the Company and Wilmington Trust, National Association, as trustee.”
PPL Corp incurred senior notes of $500 million aggregate principal amount of 5.350% Senior Notes due 2034 at 5.350% per year maturing May 1, 2034.
“On March 25, 2024, The Narragansett Electric Company (d/b/a Rhode Island Energy) (the "Issuer"), a wholly owned subsidiary of PPL Corporation, issued $500 million aggregate principal amount of 5.350% Senior Notes due 2034 (the "Notes").”
CLEAN HARBORS INC incurred term loan of $500.0 million with Goldman Sachs Lending Partners LLC at Term SOFR Rate plus 1.75% or Base Rate plus 0.75% maturing October 8, 2028.
“Incremental Facility Amendment No. 5 provided for the incurrence by the Company of additional Term Loans (the “2024 Incremental Term Loans”) under the Term Loan Agreement in the aggregate principal amount of $500.0 million on March 22, 2024.”
ALLIENT INC incurred senior notes of $50 million with affiliates of PGIM, Inc. ("Prudential") at 5.96% maturing March 21, 2031.
“On March 21, 2024, Allient Inc. (the “Company”) issued and sold to certain affiliates of PGIM, Inc. (“Prudential”) $50 million in aggregate principal amount of the Series A Senior Notes due March 21, 2031 (the “Notes”).”
TPG Twin Brook Capital Income Fund incurred senior notes of $150,000,000 aggregate principal amount of 7.78% Series A Senior Notes, Tranche B, due March 19, 2029 with qualified institutional investors at 7.78% per annum maturing March 19, 2029.
“$150,000,000 aggregate principal amount of 7.78% Series A Senior Notes, Tranche B, due March 19, 2029”
TPG Twin Brook Capital Income Fund incurred senior notes of $90,000,000 aggregate principal amount of 7.69% Series A Senior Notes, Tranche A, due March 19, 2027 with qualified institutional investors at 7.69% per annum maturing March 19, 2027.
“$90,000,000 aggregate principal amount of 7.69% Series A Senior Notes, Tranche A, due March 19, 2027”
Learn CW Investment Corp amended loan of $3,050,000 with CWAM LC Sponsor LLC.
“On March 19, 2024, Learn CW Investment Corporation (the “Company”) issued a second amended and restated promissory note (the “Restated Note”) in the principal amount of $3,050,000 to CWAM LC Sponsor LLC, the Company’s sponsor (“Sponsor”).”
CURO Group Holdings Corp. faced acceleration on senior notes of $318 million.
“Approximately $318 million in outstanding aggregate principal amount of 2.0L Notes issued pursuant to the indenture governing the 2.0L Notes.”
CURO Group Holdings Corp. faced acceleration on senior notes of $682 million.
“Approximately $682 million in outstanding aggregate principal amount of 1.5L Notes issued pursuant to the indenture governing the 1.5L Notes;”
CURO Group Holdings Corp. faced acceleration on credit facility of $178 million.
“Approximately $178 million of outstanding borrowings under the Credit Agreement;”
Matador Resources Co amended revolving credit of $1.50 billion with PNC Bank, National Association maturing March 2029.
“On March 22, 2024, MRC Energy Company, a wholly owned subsidiary of Matador Resources Company (the “Company”), entered into a Fifth 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) reaffirm the borrowing base at $2.50 billion, (ii) increase the maximum facility amount from $2.0 billion to $3.50 billion, (iii) increase the elected borrowing commitments from $1.325 billion to $1.50 billion, (iv) extend the maturity date from October 2026 to March 2029 and (v) replace Truist Bank with PNC Bank, National Association as administrative agent thereunder.”
Clear Channel Outdoor Holdings, Inc. incurred term loan of $375.0 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at (1) at a fixed rate of 7.5% per annum for the Fixed Rate Term Loan Tranche and ( maturing April 1, 2027.
“incurred thereunder, the “Term Loans”). Size and Availability The CCIBV Term Loan Facility is comprised of two tranches of Term Loans totaling an aggregate principal amount of $375.0 million: (1) a “fixed rate” tranche of Term Loans in an aggregate principal amount of $300.0 million (the “Fixed Rate Term Loan Tranche”); and (2) a “floating rate” tranche of Term Loans”
IntelGenx Technologies Corp. incurred term loan of US$1,000,000 with ATAI Life Sciences AG maturing February 1, 2026.
“(i) one (1) additional term loan in the amount of US$1,000,000 to IntelGenx Corp., which loan is to be disbursed within three (3) business days of the execution of the Loan Agreement (the " First Tranche Loan ")”
XEROX CORP incurred senior notes of $500 million with U.S. Bank Trust Company, National Association at 8.875% maturing due 2029.
“On March 20, 2024, Xerox Holdings Corporation (the “Company”) completed its previously announced private offering of $500 million aggregate principal amount of 8.875% Senior Notes due 2029”
ZEBRA TECHNOLOGIES CORP amended revolving credit of $180 million with PNC Bank, National Association maturing March 19, 2027.
“from ZTI. The Financing Agreement provides ZTRSC with a revolving U.S. trade receivables securitization facility (the “A/R Facility”) in a maximum principal amount of $180 million based on the availability of eligible receivables and other customary factors, and the satisfaction of certain conditions. Under the A/R Facility, ZTI will sell or contribute”
NextTrip, Inc. incurred loan of $500,000 with William Kerby and Donald Monaco at 7.5% simple interest per annum maturing February 28, 2025.
“On March 18, 2024, NextTrip Holdings, Inc. (“NextTrip”), a wholly owned subsidiary of NextTrip, Inc. (the “Company”), issued an unsecured line of credit promissory note, in the principal amount of $500,000 (the “Promissory Note”), to William Kerby and Donald Monaco, together as holders, with an initial advance from Mr. Monaco of $125,000.”
RICHTECH ROBOTICS INC. incurred loan of $1,000,000 with YA II PN, Ltd. at 8% per annum maturing February 15, 2025.
“On March 18, 2024, Richtech Robotics Inc., a Nevada corporation (the “ Company ”) issued a promissory note in the principal amount of $1,000,000 (the “ Note ”) to YA II PN, Ltd.”
TMT Acquisition Corp. incurred convertible notes of $300,000 with Ms. Xiaozhen Li at no interest maturing upon consummation of the Business Combination.
“On March 19, 2024, TMT Acquisition Corp (the "SPAC") issued a convertible Promissory Note to Ms. Xiaozhen Li with a principal amount of $300,000 (the "Note") in order to finance its transaction costs in relation to its initial business combination (the "Business Combination").”
Apollo Debt Solutions BDC incurred senior notes of $650,000,000 with U.S. Bank Trust Company, National Association at 6.900% maturing April 13, 2029.
“related to the $650,000,000 in aggregate principal amount of its 6.900% notes due 2029”
Spectral AI, Inc. incurred convertible notes of $5.0 million with YA II PN, LTD at 0% maturing 12 months after the issuance date.
“ith YA II PN, LTD, a Cayman Islands exempt limited partnership (“ Yorkville ”) pursuant to which the Company”
Shoals Technologies Group, Inc. incurred revolving credit of $200,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent at adjusted term SOFR or base rate plus (i) in the case of SOFR loans, 2.50% per an maturing March 19, 2029.
“from time to time, the “Amended Credit Agreement”). The Amendment, among other things, (i) provides for a new tranche of revolving loans in an aggregate principal amount of $200,000,000 (the “2024 Revolving Loans”), (ii) reduces the interest rate margin applicable to revolving loans outstanding under the Amended Credit Agreement by at least 0.25% with additional”
OCA Acquisition Corp. incurred loan of $90,000 with OCA Acquisition Holdings LLC at does not bear interest maturing upon closing of the Company’s initial business combination.
“On March 20, 2024, the board of directors of OCA Acquisition Corp., a Delaware corporation (the “ Company ”), approved a draw of an aggregate of $90,000 (the “ Extension Funds ”) pursuant to the Promissory Note (the “ Note ”), dated as of January 11, 2024, between the Company and OCA Acquisition Holdings LLC (the “ Sponsor ”), which Extension Funds the Company deposited into the Company’s trust account for its public stockholders on March 20, 2024.”
Robinhood Markets, Inc. amended revolving credit of $2.25 billion total commitment; increased up to $3.375 billion with JPMorgan Chase Bank, N.A. at Daily Simple SOFR plus 0.10%, with applicable margin of 1.25% (Tranche A) and 2. maturing 364 days from March 22, 2024.
“secured revolving credit facility entered into in March 2023. The Credit Agreement provides for a 364-day senior secured revolving credit facility with a total commitment of $2.25 billion. Under circumstances described in the Credit Agreement, the aggregate commitments may be increased by up to $1.125 billion, for a total commitment under the Credit Agreement of”
AMERICAN REBEL HOLDINGS INC incurred loan of $235,750 with 1800 Diagonal Lending, LLC at 15% ($35,362).
“the Lender made a loan to the Company, evidenced by a promissory note in the principal amount of $235,750 (the “Note”). A one-time interest charge of 15% ($35,362)”
TransDigm Group INC incurred senior notes of $550 million in aggregate principal amount at 6.375% maturing March 1, 2029.
“TD Group also completed the previously announced offering of an additional $550 million in aggregate principal amount of TransDigm’s 6.375% Senior Secured Notes maturing March 1, 2029”
TransDigm Group INC amended credit facility at Term SOFR plus 2.75% maturing March 22, 2030.
“reprice the margin on $6.2 billion of existing term loans H and I from Term SOFR plus 3.25% to Term SOFR plus 2.75%, extend the maturity on $1.7 billion term loan H to March 2030”
SONIC FOUNDRY INC faced acceleration on loan of $7.0 million with Mark Burish.
“As a result of such event of default, all amounts due under the Burish Note and Security Agreement automatically became due. The Company has approximately $7.0 million of principal, interest and fees outstanding under the Burish Note and Security Agreement.”
Callaway Golf Co amended term loan with Bank of America, N.A., as administrative agent and collateral agent for the Term Lenders at reduce the interest rate applicable to the outstanding Term Loans under the Term.
“amends certain terms and provisions of the Term Loan Agreement, including, without limitation, to (a) reduce the interest rate applicable to the outstanding Term Loans under the Term Loan Facility by 0.50% per annum, (b) remove the 0.10% per annum credit spread adjustment applicable to Term Loans under the Term Loan Facility accruing interest at Term SOFR”
Better Therapeutics, Inc. faced acceleration on loan with Hercules Capital, Inc..
“The Hercules Notice indicates that all obligations are now immediately due and payable, and lender and agent reserve all rights and remedies provided under the Loan and Security Agreement, including the right to charge interest at the default rate on all amounts due and owing from the Company to lender and agent, including principal, interest and fees, during the continuance of any of the events of default.”
Astra Space, Inc. incurred convertible notes of $991,000 in aggregate principal amount with RBH Ventures Astra SPV, LLC at 12.0% maturing March 15, 2029.
“in which RBH purchased (i) $991,000 in aggregate principal amount of a 12.0% Senior Secured Convertible Note due 2025”
CAPITAL SOUTHWEST CORP incurred credit facility of $150 million with Deutsche Bank AG, New York Branch at three-month Term SOFR plus an applicable margin of 2.50% maturing March 20, 2029.
“Association as collateral agent, U.S. Bank National Association, as collateral custodian, and the lenders that are party thereto from time to time. The SPV Facility provides for $150 million of initial commitments with (i) an increase to $200 million of total commitments on the earlier of (a) June 20, 2024, the three month anniversary of the effective date of the”
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.