debt
confidence high
sentiment neutral
materiality 0.60
MediaCo adds $7.5M delayed draw facility; waives prepayment from ATM proceeds up to $7.3M
Mediaco Holding Inc.
- First Lien Credit Agreement amended to provide up to $7.5M additional delayed draw term loans.
- Second Lien lenders waive restrictions to allow the new delayed draw facility.
- MediaCo can retain up to $7.3M net proceeds from ATM offering of up to $5.217M shares.
- Existing credit agreements: $35M first lien (April 2024) and $30M second lien.
- Amendments effective September 10, 2024.