BLOOMIA HOLDINGS, INC. (TULP): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BLOOMIA HOLDINGS, INC. incurred loan of total of $4.0 million with Air T, Inc., AO Partners I, L.P., and Gary S. Kohler at 13.5% per year maturing June 1, 2027.

Instrument: loan
Principal: total of $4.0 million
Counterparty: Air T, Inc., AO Partners I, L.P., and Gary S. Kohler
Rate: 13.5% per year
Maturity: June 1, 2027
Event: incurrence

Exact text from the filing

and Gary S. Kohler (“Kohler,” and, together with Air T and AO Partners Fund, the “Note Lenders”), pursuant to which the Lenders have agreed to lend to the Company a total of $4.0 million, in the amounts of $1,100,156, $1,699,844, and $1,200,000, respectively. Proceeds from the notes are expected to be used to fund operation of the Bloomia business. Amounts

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BLOOMIA HOLDINGS, INC. amended credit facility of increased from $6,000,000 to $10,000,000 with Associated Bank, N.A. at term SOFR rate...plus an applicable margin, with a range from 3.00% to 4.00%.

Instrument: credit facility
Principal: increased from $6,000,000 to $10,000,000
Counterparty: Associated Bank, N.A.
Rate: term SOFR rate...plus an applicable margin, with a range from 3.00% to 4.00%
Event: amendment

Exact text from the filing

party thereto (the “Agent”). Under the Credit Agreement, as amended (the “Credit Agreement”), among other things, the revolving facility capacity was temporarily increased from $6,000,000 to $10,000,000 and the definition of eligible inventory will continue to include inventory in the Netherlands, in each case until April 30, 2026. Additionally, the senior cash

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73 debt financings filed in the last 30 days. Browse all debt financings →

BLOOMIA HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-091215

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