secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001193125-25-173986
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FiscalNote refinances senior debt with $75M term loan due 2029; restructures subordinated notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000119312525173986/0001193125-25-173986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000119312525173986/d17420d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-173986

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