secwatch.observer — SEC 8-K summary
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Issuer:     Grindr Inc. (GRND)
CIK:        0001820144
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001140361-23-025249
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820144/000114036123025249/0001140361-23-025249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820144/000114036123025249/brhc20053065_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-025249

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