debt
confidence high
sentiment neutral
materiality 0.50
Hall of Fame Resort & Entertainment Co: debt financing — HOFV increases credit facility by $1.35M to $6.5M via fourth amendment with affiliate lender
Hall of Fame Resort & Entertainment Co
- Facility amount raised from $5.15M to $6.5M, adding $1.35M for general corporate purposes.
- Lender CH Capital Lending is an affiliate of director Stuart Lichter, a related-party transaction.
- Borrowers include the company and three subsidiaries: HOF Village Newco, Retail I, and Retail II.
- Funds available for general corporate purposes, subject to restrictions per the agreement.