secwatch.observer — SEC 8-K summary
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Issuer:     ALLIANCE ENTERTAINMENT HOLDING CORP (AENT)
CIK:        0001823584
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0001104659-23-100849
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alliance extends credit to Dec 31, 2023; gets $10M sub note; waives defaults
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- Credit facility termination date extended to December 31, 2023; new debt, liens, distributions restricted.
- Borrowers obtained $10M subordinated note from Ogilvie; subordination agreement executed.
- Lenders waived specified events of default including Fifth Third Equipment Lease defaults and 2023 Ogilvie Loan breaches.
- Borrowers released lenders from all claims; additional restrictions on loans, advances, and acquisitions.
- Conditions include amendment to Fifth Third Equipment Lease and grant of lien on additional collateral.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823584/000110465923100849/0001104659-23-100849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823584/000110465923100849/tm2326175d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-100849

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