Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Boxlight Corp incurred credit facility of $3.0 million with Whitehawk Finance LLC maturing September 29, 2023.
- Instrument
- credit facility
- Principal
- $3.0 million
- Counterparty
- Whitehawk Finance LLC
- Maturity
- September 29, 2023
- Event
- incurrence
Exact text from the filing
The Third Amendment was entered into for purposes of the Lender funding an additional $3.0 million delayed draw term loan (the “Additional Draw”). The Additional Draw was funded on April 24, 2023, must be repaid on or prior to September 29, 2023, is not subject to any prepayment penalties, and adjusts certain terms to the Credit Agreement, including adding test period end dates and corresponding Senior Leverage Ratios (as defined in the Credit Amendment) and revising the minimum liquidity requirements that the Company must maintain compliance with pertaining to certain Borrowing Base Requirements (as defined in the Credit Agreement), among other adjustments.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Boxlight Corp amended Third Amendment to Credit Agreement with Whitehawk Finance LLC valued at Additional $3.0 million delayed draw term loan (effective 2023-04-24).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Whitehawk Finance LLC
- Value
- Additional $3.0 million delayed draw term loan
- Effective
- 2023-04-24
Exact text from the filing
On April 24, 2023, Boxlight Corporation, a Nevada corporation (the “Company”), entered into a third amendment (the “Third Amendment”) to the credit agreement (the “Credit Agreement”) with Whitehawk Capital Partners, LP, as collateral agent (the “Collateral Agent”), and Whitehawk Finance LLC (the “Lender”).
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