---
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"
generated_at: "2026-06-16T09:20:02.571678+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alliance Entertainment waives loan defaults, adds minimum EBITDA covenant and $5M-$10M availability block

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-051347
- JSON: https://secwatch.observer/filing/0001104659-23-051347.json
- Plain text: https://secwatch.observer/filing/0001104659-23-051347.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A. (the "Agent")
  - Effective: 2023-04-21
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1823584/000110465923051347/0001104659-23-051347-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.