{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-051145","form_type":"8-K","ticker":"BMTM","cik":"0001568385","company_name":"Bright Mountain Media, Inc.","filed_at":"2025-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.815595+00:00","generated_at":"2026-05-23T20:59:36.892981+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Bright Mountain Media extends credit facility maturity to Dec 2026, amends rates and amortization","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-051145","json":"https://secwatch.observer/filing/0000950170-25-051145.json","markdown":"https://secwatch.observer/filing/0000950170-25-051145.md","text":"https://secwatch.observer/filing/0000950170-25-051145.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1568385/000095017025051145/0000950170-25-051145-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1568385/000095017025051145/bmtm-20250331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T20:59:36.892981+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fcdfae7b4da92273701429a776f2ea41b0ed0c12","claim":"Bright Mountain Media, Inc. amended credit facility with Centre Lane Partners Master Credit Fund II, L.P. maturing December 20, 2026.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1568385/000095017025051145/0000950170-25-051145-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Centre Lane Partners Master Credit Fund II, L.P."},{"label":"Maturity","value":"December 20, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}