---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-091215"
form_type: "8-K"
ticker: "TULP"
cik: "0000875355"
company_name: "BLOOMIA HOLDINGS, INC."
filed_at: "2025-09-18T23:59:59+00:00"
generated_at: "2026-05-17T06:19:08.610774+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-091215
- form_type: 8-K
- ticker: TULP
- cik: 0000875355
- company_name: BLOOMIA HOLDINGS, INC.
- filed_at: 2025-09-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/875355/000110465925091215/0001104659-25-091215-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/875355/000110465925091215/ldwy-20250915x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-091215
- JSON: https://secwatch.observer/filing/0001104659-25-091215.json
- Plain text: https://secwatch.observer/filing/0001104659-25-091215.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/875355/000110465925091215/0001104659-25-091215-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/875355/000110465925091215/0001104659-25-091215-index.htm

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