secwatch.observer — SEC 8-K summary
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Issuer:     Grindr Inc. (GRND)
CIK:        0001820144
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0001140361-23-055141
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grindr enters $350M credit facility (term loan $300M + revolver $50M), repays Fortress Credit Agreement
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- Entered $300M senior secured term loan and $50M revolving credit facility with JPMorgan as agent; borrowed $300M term loan and $44.4M revolver on closing.
- Proceeds used to repay in full all obligations under the Fortress Credit Agreement and pay fees and expenses.
- Term loan amortizes at 1.25% quarterly, matures Nov 28, 2028; interest at SOFR+2.75%-3.25% or ABR+1.75%-2.25%.
- Revolving facility includes $15M LC sublimit and $10M swingline; unused commitment fee 0.375%-0.50% per annum.
- Financial covenants include maximum total net leverage ratio and minimum fixed charge coverage ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820144/000114036123055141/0001140361-23-055141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820144/000114036123055141/ny20015566x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-055141

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