Grindr Inc. becomes guarantor on $192M credit facility; waives existing payment default

Grindr Inc.

Grindr Inc. and Grindr Group LLC added as guarantors; pledge assets as collateral under Fortress Credit Corp. loan.
Amendment No. 4 waives existing Event of Default for failure to timely pay principal due March 31, 2023.
Credit facility permits borrowings up to $192M; prior supplemental tranches added $60M and $170.8M.
Grindr Inc. replaces Grindr Gap as reporting entity, must deliver consolidated financials to lenders.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Grindr Inc. amended Amendment No. 4 to the Credit Agreement with Fortress Credit Corp. valued at Company and Legacy Grindr become guarantors of borrowings under the Credit Agreement and pledge cert (effective 2023-05-12).

Action: amendment
Agreement: credit facility
Counterparty: Fortress Credit Corp.
Value: Company and Legacy Grindr become guarantors of borrowings under the Credit Agreement and pledge cert
Effective: 2023-05-12

Exact text from the filing

On May 12, 2023, Grindr Inc. (the “ Company ”), Grindr Group LLC (“ Legacy Grindr ”), Grindr Capital LLC (f/k/a San Vicente Capital LLC) (the “ Borrower ”), Fortress Credit Corp. (“ Fortress ”) and the other credit parties and lenders party to the June 10, 2020 credit agreement (the “ Credit Agreement ”) between Grindr Gap LLC (f/k/a San Vicente Gap LLC) (“ Grindr Gap ”), the Borrower, Fortress and the other credit parties and lenders party thereto, entered into an Amendment No. 4 to the Credit Agreement and related agreements (the “ Amendment No. 4 ”).

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271 material agreements filed in the last 30 days. Browse all material agreements →

Grindr Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-025249

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