{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-051347","form_type":"8-K","ticker":"AENT","cik":"0001823584","company_name":"ALLIANCE ENTERTAINMENT HOLDING CORP","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.895205+00:00","generated_at":"2026-06-16T09:20:02.571678+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Alliance Entertainment waives loan defaults, adds minimum EBITDA covenant and $5M-$10M availability block","bullets":["Amendment No. 12 waives defaults for missing Fixed Charge Coverage Ratio for Nov 2022–Feb 2023 and other breaches.","Fixed Charge Coverage covenant suspended; replaced with minimum EBITDA targets (e.g., -$3.8M by Mar 31, 2023).","Waiver fee of $179,882.64 paid; Availability Block of $5M (Apr 19-30) then $10M until compliance.","Inventory sublimit reduced to $90M non-seasonal/$110M seasonal; interest margins set at Level I (Base+2.00% / SOFR+3.00%).","Borrowers released lenders from all claims; company changed name to AENT Corporation in Feb 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-051347","json":"https://secwatch.observer/filing/0001104659-23-051347.json","markdown":"https://secwatch.observer/filing/0001104659-23-051347.md","text":"https://secwatch.observer/filing/0001104659-23-051347.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1823584/000110465923051347/0001104659-23-051347-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1823584/000110465923051347/tm2313592d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:20:02.571678+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":"45ab466eaebd99538844b40c45bf9f7d205962f5","claim":"ALLIANCE ENTERTAINMENT HOLDING CORP amended Amendment Number Twelve and Waiver (\"Amendment No. 12\") with Bank of America, N.A. (the \"Agent\") (effective 2023-04-21).","evidence_excerpt":"On April 21, 2023, certain subsidiaries of Alliance Entertainment Holding Corporation, a Delaware corporation (the “Company” or “Alliance”), as Borrowers thereunder (the “Borrowers”), entered into an Amendment Number Twelve and Waiver (“Amendment No. 12”) to the Loan and Security Agreement (the “Credit Facility”) with Bank of America, N.A. (the “Agent”), as agent for the Lenders thereunder.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823584/000110465923051347/0001104659-23-051347-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A. (the \"Agent\")"},{"label":"Effective","value":"2023-04-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}