---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-119504"
form_type: "8-K"
ticker: null
cik: "0001643988"
company_name: "Loop Media, Inc."
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:07:56.320047+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Loop Media amends $2.2M line of credit: maturity extended to Aug 2024, warrants repriced to $1.00

## Summary
- Line of credit maturity extended from Nov 13, 2023 to Aug 13, 2024 (27 months from May 13, 2022).
- One-time payment of $374k on Nov 13, 2023 ($132k accrued interest, $220k principal, $22k extension fee), then nine monthly $220k principal payments plus interest.
- Warrant exercise price for 209,522 LOC warrants and 104,759 subordination warrants reduced from $5.25 to $1.00 per share.
- Lenders agreed to 12-month lock-up on shares from warrant exercise; one-third of net proceeds from future non-ATM, non-affiliate capital raises applied to principal.
- The amendment affects $2.2M non-revolving credit line; original note was amended and restated.

## SEC filing metadata
- accession: 0001104659-23-119504
- form_type: 8-K
- cik: 0001643988
- company_name: Loop Media, Inc.
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643988/000110465923119504/0001104659-23-119504-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643988/000110465923119504/tm2330983d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-119504
- JSON: https://secwatch.observer/filing/0001104659-23-119504.json
- Plain text: https://secwatch.observer/filing/0001104659-23-119504.txt

## Key facts
- Debt Financings
  Loop Media, Inc. amended credit facility of $2.2 million with the Lenders at 12 percent per year maturing August 13, 2024.
  - Instrument: credit facility
  - Principal: $2.2 million
  - Counterparty: the Lenders
  - Rate: 12 percent per year
  - Maturity: August 13, 2024
  - Event: amendment
  source text: a “ Lender ” and collectively, the “ Lenders ”) and RAT Investment Holdings, LP, as administrator of the loan (the “ Loan Administrator ”) for aggregate loans of up to $2.2 million (the “ Line of Credit ”), evidenced by a Non-Revolving Line of Credit Promissory Note (the “ Note ”), also effective as of May 13, 2022. The Line of Credit had an initial
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643988/000110465923119504/0001104659-23-119504-index.htm

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