FiscalNote Holdings, Inc. (NOTE): debt financing — FiscalNote refinances senior debt with $75M term loan due 2029; restructures subordinated notes

FiscalNote Holdings, Inc.

New $75M senior secured term loan from MGG Investment Group, maturing August 2029, net proceeds ~$72.9M.
Issues ~$33M convertible debentures to YA II PN; redeems $25M of existing subordinated note and extends largest subordinated creditor to 2029.
Refinancing expected to close mid-August 2025; proceeds used to retire prior senior loan and some subordinated debt.
FY25 guidance reaffirmed; management cites confidence in product-led growth strategy and operational discipline.
Debentures convertible at 94% of lowest 5-day VWAP, with floor price; company will seek stockholder approval for issuance above NYSE 20% cap.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

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

FiscalNote Holdings, Inc. incurred term loan of $75 million with MGG Investment Group LP at reference rate plus 7% / SOFR plus 8% maturing August 2029.

Instrument: term loan
Principal: $75 million
Counterparty: MGG Investment Group LP
Rate: reference rate plus 7% / SOFR plus 8%
Maturity: August 2029
Event: incurrence

Exact text from the filing

On August 5, 2025, FiscalNote Holdings, Inc. (the “ Company ”) entered into definitive agreements providing for a comprehensive realignment of its balance sheet. Closing of the respective refinancing transactions is anticipated on or before August 15, 2025. The agreements executed provide for the refinancing of the Company’s senior credit facility with a new, $75 million senior secured term loan maturing in August 2029 (the “ 2025 Term Loan ”)

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10 debt financings filed in the last 30 days. Browse all debt financings →

FiscalNote Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-173986

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