secwatch / observer
8-K filed March 29, 2024, 7:59 PM ET ticker BTM CIK 0001901799
debt confidence high sentiment neutral materiality 0.65

Bitcoin Depot Inc. (BTM): debt financing — Bitcoin Depot adds $15.7M Tranche B Term Loan at 17% interest, matures June 2026

Bitcoin Depot Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bitcoin Depot Inc. incurred term loan of $15,700,000 with the Lenders at 17.0% per annum maturing June 23, 2026.

Instrument
term loan
Principal
$15,700,000
Counterparty
the Lenders
Rate
17.0% per annum
Maturity
June 23, 2026
Event
incurrence
Exact text from the filing
Amendment No. 1 to the Amended and Restated Credit Agreement On March 26, 2024, Bitcoin Depot Operating LLC, a Delaware limited liability company (“BT OpCo”) and BT HoldCo LLC, a Delaware limited liability company (“BT HoldCo”) entered into that certain Amendment No. 1 (the “Amendment”) to the Amended and Restated Credit Agreement, dated June 23, 2023 (the “Credit Agreement”) with the Lenders (as defined in the Credit Agreement). The Amendment, among other things, provides for an additional Tranche B Term Loan (the “Tranche B Term Loan”) to BT OpCo in an aggregate principal amount of $15,700,000. Pursuant to the Amendment, BT OpCo borrowed the Tranche B Term Loan on the same terms as the existing term loan under the Credit Agreement, with a Maturity Date of June 23, 2026 (the “Maturity Date”) and interest bearing at a rate of 17.0% per annum.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bitcoin Depot Inc. amended Amendment No. 1 valued at $15,700,000 (effective 2024-03-26).

Action
amendment
Agreement
credit facility
Value
$15,700,000
Effective
2024-03-26
Exact text from the filing
On March 26, 2024, Bitcoin Depot Operating LLC, a Delaware limited liability company (“BT OpCo”) and BT HoldCo LLC, a Delaware limited liability company (“BT HoldCo”) entered into that certain Amendment No. 1 (the “Amendment”) to the Amended and Restated Credit Agreement, dated June 23, 2023 (the “Credit Agreement”) with the Lenders (as defined in the Credit Agreement).
View on SEC.gov

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Bitcoin Depot Inc. filing history →

Source: SEC EDGAR
accession 0001193125-24-081978
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