secwatch / observer
8-K filed March 15, 2023, 7:59 PM ET ticker TBCH CIK 0001493761
debt confidence high sentiment neutral materiality 0.50

Turtle Beach Corp (TBCH): debt financing — Turtle Beach extends credit facility to April 2025; transitions from LIBOR to BSBY/SONIA/EUIBOR

Turtle Beach Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Turtle Beach Corp amended revolving credit with Bank of America, N.A. maturing April 1, 2025.

Instrument
revolving credit
Counterparty
Bank of America, N.A.
Maturity
April 1, 2025
Event
amendment
Exact text from the filing
On March 10, 2023, Turtle Beach Corporation, a Nevada corporation (the “Company”), entered into the Third Amendment to Amended and Restated Loan, Guaranty and Security Agreement (the “Third Amendment”), by and among the Company, Voyetra Turtle Beach, Inc., TBC Holding Company LLC, Turtle Beach Europe Limited (“TBEU”), VTB Holdings, Inc., as guarantor, the financial institutions party thereto from time to time as lenders and Bank of America, N.A., as administrative agent, collateral agent and security trustee for the lenders. The Company executed the Third Amendment to extend its working capital line through April 2025 and to confirm the interest rate structure in connection with the phasing out of LIBOR.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Turtle Beach Corp amended Third Amendment to Amended and Restated Loan, Guaranty and Security Agreement with the financial institutions party thereto as lenders and Bank of America, N.A., as administrative agent (effective 2023-03-10).

Action
amendment
Agreement
credit facility
Counterparty
the financial institutions party thereto as lenders and Bank of America, N.A., as administrative agent
Effective
2023-03-10
Exact text from the filing
On March 10, 2023, Turtle Beach Corporation, a Nevada corporation (the “Company”), entered into the Third Amendment to Amended and Restated Loan, Guaranty and Security Agreement (the “Third Amendment”), by and among the Company, Voyetra Turtle Beach, Inc., TBC Holding Company LLC, Turtle Beach Europe Limited (“TBEU”), VTB Holdings, Inc., as guarantor, the financial institutions party thereto from time to time as lenders and Bank of America, N.A., as administrative agent, collateral agent and security trustee for the lenders.
View on SEC.gov

103 debt financings filed in the last 30 days. Browse all debt financings →

Turtle Beach Corp filing history →

Source: SEC EDGAR
accession 0000929638-23-000844
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