Debt Financings

JOANN Inc. reported a default on term loan of approximately $658.1 million of borrowings (plus any accrued but unpaid interest in respect thereof) with unknown at not specified maturing not specified.

“The filing of the Chapter 11 Cases constitutes an event of default that accelerated obligations under the following material debt instruments and agreements (the “Debt Documents”): • approximately $658.1 million of borrowings (plus any accrued but unpaid interest in respect thereof) under that certain Credit Agreement, dated as of October 21, 2016, as amended by that certain Incremental Amendment No. 1 on July 21, 2017 and that certain Amendment No. 2 on July 7, 2021 (the “Term Loan Credit Agreement”); and • approximately $402.1 million of borrowings (plus any accrued but unpaid interest and fees in respect thereof) under that certain Amended and Restated Credit Agreement, dated as of October 21, 2016, as amended by that certain First Amendment on November 25, 2020, that certain Second Amendment on December 22, 2021, and that certain Third Amendment, dated as of March 10, 2023 (the “ABL Credit Agreement”).”

VIP Play, Inc. incurred loan of $350,000 with Excel Family Partners, LLLP at 15.0%.

“ine Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”)”

Fisker Inc./DE reported a default on convertible notes.

“Fisker did not make a required interest payment of approximately $8.4 million payable in cash on March 15, 2024”

Fisker Inc./DE incurred convertible notes of up to $166.67 million in aggregate principal amount at 3-month SOFR plus 12% per annum maturing earlier of (i) three (3) months from the date of issuance of the First Tranche, (ii) the effective date of a registration statement for the primary sale of regi.

“providing for the sale of up to $166.67 million in aggregate principal amount of senior secured convertible notes”

VICI PROPERTIES INC. incurred senior notes of $500,000,000 aggregate principal amount of 6.125% Notes due 2054 with UMB Bank, National Association at 6.125% per annum maturing April 1, 2054.

“022 (the “Base Indenture”), between VICI LP, as issuer, and UMB Bank, National Association, as trustee (the “Trustee”), as supplemented by a Second Supplemental Indenture, dated as of March 18, 2024 (the “Second Supplemental Indenture””

VICI PROPERTIES INC. incurred senior notes of $550,000,000 aggregate principal amount of 5.750% Notes due 2034 with UMB Bank, National Association at 5.750% per annum maturing April 1, 2034.

“On March 18, 2024, VICI Properties L.P., a Delaware limited partnership (“VICI LP”), completed the previously announced offering of $550,000,000 aggregate principal amount of 5.750% Notes due 2034”

Coinbase Global, Inc. incurred convertible notes of $1.265 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 0.25% per year maturing April 1, 2030.

“On March 18, 2024, Coinbase Global, Inc. (the “Company”) completed its previously announced private offering of $1.265 billion aggregate principal amount of 0.25% Convertible Senior Notes due 2030 (the “Notes”), which includes the full exercise by the Initial Purchasers (as defined below) of their option to purchase up to an additional $165.0 million aggregate principal amount of Notes.”

Dell Technologies Inc. incurred senior notes of $1,000,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 5.400% per year maturing April 15, 2034.

“completed a public offering (the “Offering”) of $1,000,000,000 aggregate principal amount of the Issuers’ 5.400% Senior Notes due 2034”

Turtle Beach Corp incurred term loan of $50 million with Blue Torch Finance, LLC at SOFR plus 8.25% per annum for SOFR Loans if the total net leverage ratio is grea maturing March 13, 2027.

“On March 13, 2024, the Company entered into a new financing agreement (the “Term Loan Financing Agreement”) by and among the Company, Voyetra Turtle Beach, Inc., a Delaware corporation, as borrower (“VTB”), VTB Holdings, Inc., a Delaware corporation, each subsidiary of the Company listed as a guarantor on the signature pages thereto, the lenders from time to time party thereto, and Blue Torch Finance, LLC, a Delaware limited liability company (“the “Term Agent”), as administrative agent and collateral agent (“Blue Torch”), pursuant to which Blue Torch made a loan to VTB in the aggregate amount of $50 million (the “Term Loan Facility”)”

BRUNSWICK CORP incurred senior notes of $400,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee at 5.850% per year maturing March 18, 2029.

“$400,000,000 aggregate principal amount of the Notes were sold in a public offering”

BlackRock TCP Capital Corp. amended credit facility of $265 million with Citibank, N.A. at SOFR rate plus Applicable Margin maturing September 6, 2027.

“On March 18, 2024, BCIC Merger Sub, LLC, a Delaware limited liability company (the "Successor Company"), an indirect wholly-owned subsidiary of BlackRock TCP Capital Corp., a Delaware corporation (the "Company"), entered into an assumption agreement (the "Credit Assumption Agreement"), effective as of the closing of the Merger (as defined below). The Credit Assumption Agreement relates to the Successor Company's assumption of that certain Second Amended and Restated Senior Secured Revolving Credit Agreement, originally entered into on February 19, 2016 (as amended as of August 8, 2016, June 5, 2017, March 15, 2018, August 30, 2019, May 22, 2020, April 23, 2021, April 26, 2023 and September 6, 2023, and as further amended from time to time, the "Credit Facility"), by and among BCIC (as defined below), as borrower, Citibank, N.A., as administrative agent and the other parties thereto. Currently, the commitment under the Credit Facility is $265 million; however, the commitment can also be”

BlackRock TCP Capital Corp. incurred senior notes of $57,000,000 with certain institutional investors at Secured Overnight Financing Rate plus 3.14% maturing December 9, 2025.

“(b) $57,000,000 aggregate principal amount of BCIC's Floating Rate Series 2022A Senior Notes, Tranche B due December 9, 2025 (the "Tranche B Notes" and, collectively with the Tranche A Notes, the "Notes")”

BlackRock TCP Capital Corp. incurred senior notes of $35,000,000 with certain institutional investors at 6.85% maturing December 9, 2025.

“the Successor Company entered into an assumption agreement (the "Note Assumption Agreement"), effective as of the closing of the Merger. The Note Assumption Agreement relates to the Successor Company's assumption of (a) $35,000,000 aggregate principal amount of BCIC's 6.85% Series 2022A Senior Notes, Tranche A, due December 9, 2025 (the "Tranche A Notes")”

Clear Channel Outdoor Holdings, Inc. incurred senior notes of $865.0 million with U.S. Bank Trust Company, National Association, as trustee at 7.875% per annum maturing April 1, 2030.

“On March 18, 2024, Clear Channel Outdoor Holdings, Inc. (the “Company”) completed the sale of $865.0 million in aggregate principal amount of 7.875% Senior Secured Notes due 2030 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States in compliance with Regulation S under the Securities Act.”

bluebird bio, Inc. incurred term loan of $75.0 million with Hercules Capital, Inc. (as administrative agent) at Prime Rate plus 1.45% or 9.95%, plus 2.45% paid-in-kind maturing April 1, 2029.

“On March 15, 2024, bluebird bio, Inc. (the “Company”) entered into a Loan and Security Agreement (the “LSA”), by and among the Company, the several banks and other financial institutions or entities party thereto, as lenders, and Hercules Capital, Inc., as administrative agent and collateral agent. The LSA provides a secured term loan facility of up to $175.0 million (collectively, the “Term Loans”), consisting of: (a) an initial tranche of term loans in an aggregate amount of $75.0 million, which was funded at closing (the “Initial Loan”);”

NN INC amended term loan with Oaktree Fund Administration, LLC.

“TLCA Amendment In connection with the Sale Leaseback Transactions, on March 15, 2024, the Company, certain subsidiaries of the Company named therein, the lenders party thereto and Oaktree Fund Administration, LLC (“Oaktree”), as administrative agent, entered into that certain Amendment No.”

NN INC entered an off-balance-sheet arrangement for lease obligation with Tenet Equity Funding SPE III, LLC maturing 20 years.

“☐ ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On March 15, 2024, NN, Inc., a Delaware corporation (the “Company”), closed its previously-announced sale leaseback transactions (the “Sale Leaseback Transactions”) with Tenet Equity Funding SPE III, LLC, a Delaware limited liability company (the “Buyer”), pursuant to which the Company sold certain facilitates owned by subsidiaries of the Company (the “Properties”) to the Buyer for an aggregate purchase of $16.8 million.”

INVACARE HOLDINGS Corp incurred credit facility of $12,000,000 with White Oak Commercial Finance, LLC.

“provide for additional borrowings under the Amended Loan and Security Agreement in the aggregate principal amount of $12,000,000”

Sixth Street Lending Partners incurred senior notes of $600,000,000 aggregate principal amount at 6.500% maturing March 11, 2029.

“the Company’s issuance, offer and sale of $600,000,000 aggregate principal amount of its 6.500% notes due 2029 (the “Notes”).”

TMT Acquisition Corp. incurred convertible notes of $200,000 with Elong Power Holding Limited at no interest maturing upon consummation of the Business Combination.

“On February 27, 2024, TMT Acquisition Corp (the “SPAC”) issued a convertible Promissory Note to Elong Power Holding Limited (“Elong”) with a principal amount of $200,000 (the “Note”) in order to finance its transaction costs in relation to its initial business combination (the “Business Combination”).”

Currenc Group Inc. incurred loan of up to $500,000 with Seamless Group Inc. maturing on the date on which the Company consummates its initial business combination.

“issued an unsecured promissory note (the “Note”) in the principal amount of up to $500,000 to Seamless Group Inc., a Cayman Islands exempted company (“Seamless”), which may be drawn down from time to time prior to the Maturity Date (as defined below) upon request by the Company.”

Allarity Therapeutics, Inc. incurred convertible notes of $660,000 with 3i, LP at 8% per annum maturing March 14, 2025.

“On March 14, 2024 (the “Subsequent Closing”), we issued and sold to the Purchaser a senior convertible promissory note in an aggregate principal amount of $660,000 (the “Principal Amount”) due on March 14, 2025 (the “Note,””

WinVest Acquisition Corp. incurred loan of $55,000 with WinVest SPAC LLC.

“On March 15, 2024, the Company effected the fourth drawdown of $55,000 under the Promissory Note”

iLearningEngines, Inc. incurred loan of up to $2,000,000 with Arrowroot Acquisition LLC at fifteen percent (15%) per annum maturing upon closing of a business combination or the date that the winding up of the Company is effective.

“Arrowroot Acquisition Corp., a Delaware corporation and blank check company (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of up to $2,000,000 to Arrowroot Acquisition LLC (the “Sponsor”), of which $700,000 was funded by the Sponsor upon execution of the Note. The Note bears simple interest at a rate of fifteen percent”

Jaws Mustang Acquisition Corp incurred loan of up to $500,000 with Mustang Sponsor LLC maturing matures upon consummation of the Company’s initial business combination.

“On March 13, 2024, JAWS Mustang Acquisition Corporation (the “ Company ” or “ Jaws ”) issued a promissory note (the “ Note ”) in the principal amount of up to $500,000 to Mustang Sponsor LLC (the “ Payee ”). The Note does not bear interest and matures upon consummation of the Company’s initial business combination.”

Applied UV, Inc. incurred loan of $772,500 with Cedar Advance LLC at 28% maturing 40 weeks.

“On March 10, 2024, Applied UV, Inc. (the “Company”), SteriLumen, Inc. and MunnWorks, LLC (together with SteriLumen, Inc., the “Subsidiaries”) entered into a Business Loan and Security Agreement (the “Loan Agreement”) with Cedar Advance LLC (the “Lender”) pursuant to which the Company borrowed $772,500 (the “Loan Amount”) from the Lender, for general corporate purposes, including working capital in order to facilitate further growth, at an annual interest rate of 28%, which includes broker’s fees and origination charges, for a term of a total of 40 weeks.”

Celularity Inc incurred convertible notes of $3.15 million convertible promissory note for $2.99 million in cash with YA II PN, LTD at annual rate equal to 8.0% (increased to 18.0% in the event of default) maturing March 13, 2025.

“Upon entry into the SEPA, Celularity issued Yorkville a $3.15 million convertible promissory note for $2.99 million in cash (after a 5% original issue discount), or the Initial Advance. The note bears interest at an annual rate equal to 8.0% (increased to 18.0% in the event of default as provided in the note), and matures March 13, 2025.”

Flutter Entertainment plc incurred term loan of $514.375 million with Deutsche Bank AG, New York Branch at ABR (provided that in no event shall such ABR rate with respect to the First Inc maturing November 30, 2030.

“the aggregate principal amount of term B loans outstanding under the Credit Agreement will increase by $514.375 million (the “First Incremental Term B Loans”), which shall be fungible with the existing term B loans outstanding under the Credit Agreement.”

Workhorse Group Inc. incurred senior notes of aggregate principal amount of $139,000,000 with institutional investor at 9.0% per annum maturing one-year anniversary of their respective issuance dates.

“one or more registered public offerings by the Company directly to the Investor (the “Offering”), (i) senior secured convertible notes for up to an aggregate principal amount of $139,000,000 (the “Notes”) that will be convertible into shares of the Company’s common stock, par value of $0.001 per share (the “Common Stock”) and (ii) warrants (the “Warrants”) to purchase”

Unique Logistics International, Inc. amended credit facility of $4,210,526.32 (initial senior secured term loan) and an aggregate principal amount of up to $14,789,473.68 (delayed draw with CB Agent Services LLC, as origination agent, and Alter Domus (US) LLC, as collateral agent and administrative agent.

“administrative agent (“Alter Domus”, and together with CB Agents, the “Agents”)(collectively, the “ Parties ”), for an initial senior secured term loan in a principal amount of $4,210,526.32 and a delayed draft term loan in an aggregate principal amount of up to $14,789,473.68. Capitalized terms used but not otherwise defined herein have the same definitions given to”

CONSTELLATION ENERGY GENERATION LLC incurred senior notes of $900,000,000 at 5.75% per annum maturing March 15, 2054.

“On March 15, 2024, Constellation issued and sold $900,000,000 in aggregate principal amount of the Green Senior Notes.”

OLENOX INDUSTRIES INC. incurred loan of $149,500 with 1800 Diagonal Lending LLC at ten percent (10%) maturing nine monthly payments of accrued, unpaid interest and outstanding principal, subject to adjustment.

“On March 5, 2024, Safe & Green Holdings Corp. (the “Company”) issued a Promissory Note (“Note”) in favor of 1800 Diagonal Lending LLC (the “Lender”) in the aggregate principal amount of $149,500 (the “Principal”), and an accompanying Securities Purchase Agreement, dated March 5, 2024 (the “SPA”).”

Everforth Inc amended credit facility of $498,750,000 with Wells Fargo Bank, National Association at adjusted Term SOFR plus an applicable margin of 1.75% per annum.

“the Amendment refinances the Company’s existing term loans with a refinancing term loan in an initial principal amount of $498,750,000. The refinancing term loan will bear interest at a floating rate, which can be either, at the Company’s option, (a) adjusted Term SOFR plus an applicable margin of 1.75% per annum or (b) an alternate base rate plus an applicable margin of 1.00% per annum.”

Avid Bioservices, Inc. incurred convertible notes of $160.0 million with U.S. Bank Trust Company, National Association at 7.00% per year maturing March 1, 2029.

“completed its previously announced private offering (the “Offering”) of $160.0 million aggregate principal amount of 7.00% Convertible Senior Notes due 2029 (the “Notes”).”

DELUXE CORP incurred credit facility of up to $80 million with MUFG Bank, Ltd. at 1-Month Term SOFR plus 0.10% maturing March 12, 2027.

“entered into an accounts receivable financing facility (the “AR Facility”) of up to $80 million with MUFG Bank, Ltd., as administrative agent”

Embrace Change Acquisition Corp. incurred loan of $100,000 with Zheng Yuan at bears no interest maturing upon the consummation of the Company's initial business combination.

“On March 13, 2024, the Company issued an unsecured promissory note (the “Extension Fee Note”), in an amount of $100,000 to Zheng Yuan, the Company’s Chief Financial Officer, for the $100,000 Ms. Yuan deposited into the Company’s trust account”

PSQ Holdings, Inc. incurred convertible notes of $8.45 million with Participating Noteholders at 9.75% per annum maturing 2034.

“An aggregate of $8.45 million of Replacement Notes, convertible into shares of Class A Common Stock, were delivered to participating former holders of Credova subordinated notes and new investors in Credova subordinary notes issued prior to closing”

Odyssey Semiconductor Technologies, Inc. incurred convertible notes of $250,000 and $184,000 with Nina and John Edmunds 1998 Family Trust at ten percent (10%) per annum maturing the earlier of (i) the date upon which the Promissory Note is converted into equity securities of the Company, or (ii) June 30, 2025.

“On March 14, 2024, Odyssey Semiconductor Technologies, Inc. (the “Company”) issued a secured convertible promissory note in the amount of $250,000 and a secured convertible promissory note in the amount of $184,000 (the “Promissory Notes”), respectively, to the Nina and John Edmunds 1998 Family Trust dated January 27, 1998 (the “Edmunds Trust”), of which the Company’s Chairman, John Edmunds, is the trustee.”

AppLovin Corp incurred term loan of $2,092,500,000 with Bank of America, N.A. as administrative agent at interest rate floor of 50 basis points if Term SOFR Loans, and applicable margin maturing August 18, 2030.

“In addition, pursuant to Amendment No. 10, certain lenders agreed to provide incremental and refinancing term loans in an aggregate amount of $2,092,500,000 (such loans being referred to as the “Initial Term Loans”), certain of the proceeds of which were used to refinance all term loans (other than term loans extended pursuant to Amendment No. 6) outstanding immediately prior to the effectiveness of Amendment No. 10. The Initial Term Loans have (a) a maturity date of August 18, 2030 (or if not a business day, the immediately preceding business day), (b) an interest rate “floor” of 50 basis points if such loans are Term SOFR Loans, and (c) an applicable margin for Term SOFR Loans equal to 2.5% (or 1.5% for base rate loans), in each case, subject to and in accordance with the terms and conditions of the Amended Credit Agreement.”

AppLovin Corp amended term loan of $1,463,750,000 with Bank of America, N.A. as administrative agent at interest rate floor of 50 basis points if Term SOFR Loans, and applicable margin maturing October 25, 2028.

“In connection with and pursuant to Amendment No. 10, the Company voluntarily prepaid a portion of the term loans extended pursuant to Amendment No. 6 outstanding immediately prior to the effectiveness of Amendment No. 10, and certain lenders agreed to provide refinancing term loans in an aggregate amount of $1,463,750,000 (such refinancing term loans, the “Amendment No. 10-I Replacement Term Loans”), the proceeds of which were used to refinance the remainder of such term loans. The Amendment No. 10-I Replacement Term Loans have (a) a maturity date of October 25, 2028 (or if not a business day, the immediately preceding business day), (b) an interest rate “floor” of 50 basis points if such loans bear interest based on the secured overnight financing rate (such loans, “Term SOFR Loans”), and (c) an applicable margin for Term SOFR Loans equal to 2.5% (or 1.5% for base rate loans), in each case, subject to and in accordance with the terms and conditions of the Amended Credit Agreement.”

Red Rock Resorts, Inc. incurred term loan of $1,570.0 million aggregate principal amount with Deutsche Bank AG Cayman Islands Branch maturing March 14, 2031.

“On March 14, 2024, the Company, the subsidiary guarantors party thereto, Deutsche Bank AG Cayman Islands Branch, as administrative agent and collateral agent, and the lenders party thereto entered into an Amended and Restated Credit Agreement (the “Credit Agreement”), which amended and restated the Existing Credit Agreement and pursuant to which the Company (a) incurred (i) a new senior secured term “B” loan facility in an aggregate principal amount of $1,570.0 million (the “New Term B Facility” and the term “B” loans funded thereunder, the “New Term B Loan”)”

Red Rock Resorts, Inc. incurred senior notes of $500 million aggregate principal amount with Deutsche Bank Trust Company Americas at 6.625% maturing March 15, 2032.

“On March 14, 2024, Red Rock Resorts, Inc.’s consolidated subsidiary, Station Casinos LLC (the “Company”), issued $500 million aggregate principal amount of 6.625% Senior Notes due 2032 (the “Notes”) pursuant to an indenture, dated as of March 14, 2024 (the “Indenture”), among the Company, the guarantors party thereto (the “Guarantors”) and Deutsche Bank Trust Company Americas, as trustee.”

Four Corners Property Trust, Inc. incurred term loan of $85 million with Barclays Bank PLC, J.P. Morgan Chase Bank, N.A., The Huntington National Bank, Mizuho Bank, Ltd, Raymond James Bank, Truist Bank, and Wells Fargo Bank, N.A. at effective interest rate on the Term Loan is 4.89% maturing March 2027.

“The Company utilized the accordion feature of the Credit Agreement to enter into a new $85 million term loan (the “Term Loan”).”

BlackRock Finance, Inc. entered an off-balance-sheet arrangement for guarantee with BlackRock.

“BlackRock Inc. DE NY false 0001364742 0001364742 2024-03-14 2024-03-14 0001364742 us-gaap:CommonStockMember 2024-03-14 2024-03-14 0001364742 us-gaap:DeferrableNotesMember 2024-03-14 2024-03-14 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.”

BlackRock Finance, Inc. incurred senior notes of $1,500,000,000 aggregate principal amount with The Bank of New York Mellon at 5.250% maturing 2054.

“The Notes were issued under the Indenture, dated as of March 14, 2024 (the “Base Indenture”), among BlackRock Funding, BlackRock and The Bank of New York Mellon, as trustee (the “Trustee”), as amended by the First Supplemental Indenture, dated as of March 14, 2024, among BlackRock Funding, BlackRock and the Trustee (the “First Supplemental Indenture” and together with the Base Indenture, the “Indenture”).”

BlackRock Finance, Inc. incurred senior notes of $1,000,000,000 aggregate principal amount with The Bank of New York Mellon at 5.000% maturing 2034.

“The Notes were issued under the Indenture, dated as of March 14, 2024 (the “Base Indenture”), among BlackRock Funding, BlackRock and The Bank of New York Mellon, as trustee (the “Trustee”), as amended by the First Supplemental Indenture, dated as of March 14, 2024, among BlackRock Funding, BlackRock and the Trustee (the “First Supplemental Indenture” and together with the Base Indenture, the “Indenture”).”

BlackRock Finance, Inc. incurred senior notes of $500,000,000 aggregate principal amount with The Bank of New York Mellon at 4.700% maturing 2029.

“completed its underwritten public offering of $500,000,000 aggregate principal amount of 4.700% Notes due 2029”

LKQ CORP incurred senior notes of €750,000,000 at 4.125% maturing due 2031.

“On March 13, 2024, LKQ Dutch Bond B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The Netherlands (“LKQ Finance”), an indirect wholly-owned subsidiary of LKQ Corporation (the "Company," "we," "us," or "our"), completed an offering (the “Offering”) of €750,000,000 aggregate principal amount of LKQ Finance’s 4.125% Notes due 2031 (the “Notes”).”

ESSEX PORTFOLIO LP incurred senior notes of $350.0 million with U.S. Bank Trust Company, National Association at 5.500% per annum maturing April 1, 2034.

“On March 14, 2024, the Operating Partnership issued $350.0 million aggregate principal amount of Notes.”

Childrens Place, Inc. incurred loan of up to $78.6 million in term loans, consisting of (a) an initial term loan in an aggregate principal amount of $30.0 mill with Mithaq Capital SPC at interest-free maturing not disclosed.

“of its subsidiaries entered into an interest-free, unsecured and subordinated promissory note, dated February 29, 2024, with Mithaq Capital SPC (“ Mithaq ”), providing for up to $78.6 million in term loans, consisting of (a) an initial term loan in an aggregate principal amount of $30.0 million (the “ Initial Term Loan ”) and (b) a delayed draw term loan commitment”