---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-070328"
form_type: "8-K"
ticker: "AENT"
cik: "0001823584"
company_name: "ALLIANCE ENTERTAINMENT HOLDING CORP"
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T03:09:58.521374+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Alliance Entertainment obtains $7.6M short-term loan from executive Bruce Ogilvie

## Summary
- Bruce Ogilvie made a $7,595,520 loan to the Company on June 6, 2023.
- Loan carries interest at BSBY + 3% (~$41K expected cost if repaid June 30).
- Proceeds used to capture a 3% early payment discount of $235,296 from a supplier.
- No specified terms; repayment expected from cash flow by June 30, 2023.

## SEC filing metadata
- accession: 0001104659-23-070328
- form_type: 8-K
- ticker: AENT
- cik: 0001823584
- company_name: ALLIANCE ENTERTAINMENT HOLDING CORP
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823584/000110465923070328/0001104659-23-070328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823584/000110465923070328/tm2318422d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-070328
- JSON: https://secwatch.observer/filing/0001104659-23-070328.json
- Plain text: https://secwatch.observer/filing/0001104659-23-070328.txt

## Key facts
- Debt Financings
  ALLIANCE ENTERTAINMENT HOLDING CORP incurred loan of $7,595,520 with Bruce Ogilvie at BSBY plus 3% per annum maturing on or before June 30, 2023.
  - Instrument: loan
  - Principal: $7,595,520
  - Counterparty: Bruce Ogilvie
  - Rate: BSBY plus 3% per annum
  - Maturity: on or before June 30, 2023
  - Event: incurrence
  source text: On June 6, 2023, Bruce Ogilvie made a loan in the principal amount of $7,595,520 (the “Loan”) to Alliance Entertainment Holding Corporation (the “Company”). The purpose of the loan was for the Company to receive an additional 3% early payment discount of an amount of $235,296.00 from one of the Company’s suppliers. The Loan has no specified terms but is expected to be repaid from cash flow on or before June 30, 2023. The Company agreed to pay interest on the Loan at the rate of BSBY plus 3% per annum calculated daily.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823584/000110465923070328/0001104659-23-070328-index.htm

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