Lendway amends credit facility (temporarily to $10M) and issues $4M promissory notes to related parties at 13.5%

BLOOMIA HOLDINGS, INC.

Revolver limit temporarily increased from $6M to $10M through Apr 30, 2026; interest at term SOFR + 3%-4% margin; $6.1M outstanding as of Sep 18.
$4M unsecured promissory notes issued to Air T, AO Partners, and Gary Kohler (related parties) at 13.5% fixed, maturing June 1, 2027; proceeds for Bloomia operations.
Senior cash flow leverage ratio covenants: 4.75x for Q1 & Q2 FY2026, stepping to 2.25x by FY2028.
Lendway required to make $4M cash equity contribution to Bloomia Acquisition subsidiary by Sep 30, 2025.
Tulp 24.1 LLC agreement amended to fix membership interests, prioritize capital return, and exclude $4M contribution from pre-emptive rights.

item 1.01item 2.03item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.