Bright Mountain Media, Inc. (BMTM): debt financing — Bright Mountain Media extends credit facility maturity to Dec 2026, amends rates and amortization

Bright Mountain Media, Inc.

Maturity extended from April 20, 2026 to December 20, 2026 for First Out, Second Out, and Third Out Loans.
First Out cash interest rate changed to Term SOFR + 2%; Second Out cash rate 2% plus PIK at Term SOFR + 3%.
Third Out Loans PIK rate set at 15%; First Out amortization: $700k on Mar 31, 2025, then $575k quarterly.
Second Out amortization: quarterly 1% of principal in 2025, then 2% thereafter until maturity.
Outstanding principal on Centre Lane credit facility $79.7 million as of March 31, 2025.

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

Bright Mountain Media, Inc. amended credit facility with Centre Lane Partners Master Credit Fund II, L.P. maturing December 20, 2026.

Instrument: credit facility
Counterparty: Centre Lane Partners Master Credit Fund II, L.P.
Maturity: December 20, 2026
Event: amendment

Exact text from the filing

Effective March 31, 2025, the Company and its subsidiaries, CL Media Holdings, LLC, Bright Mountain LLC, MediaHouse, Inc., Deep Focus Agency LLC, and BV Insights LLC, Centre Lane Partners, and the Lenders entered into the Twenty-Second Amendment to Amended and Restated Senior Secured Credit Agreement (the "Twenty-Second Amendment") to amend certain terms of the Credit Agreement.

View on SEC.gov

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

Bright Mountain Media, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-051145

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.