{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-003211","form_type":"8-K","ticker":"MGTE","cik":"0001965052","company_name":"Marblegate Capital Corp","filed_at":"2026-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.894749+00:00","generated_at":"2026-05-16T11:34:29.841566+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Marblegate Capital closes $137M in financings ($120M revolver + $17.2M term loan) for fleet expansion","bullets":["$120M revolving credit facility from DZ Bank, maturing Dec 30, 2030, secured by medallion loans under NYC MRP+ program.","$17.2M vehicle term loan from Auxilior Capital at 8.5% fixed rate, secured by taxi fleet vehicles (no medallions).","MCC acquired TML IV LLC for ~$15.8M as condition precedent to initial draw under the DZ Bank facility.","MCC guarantees obligations with covenants: minimum net worth $100M, debt/equity ≤1.75x, DSCR ≥1.0x from June 2027.","Proceeds to expand Signal Taxi fleet, open two new Taxi Clubhouses, and pursue growth initiatives."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-003211","json":"https://secwatch.observer/filing/0001193125-26-003211.json","markdown":"https://secwatch.observer/filing/0001193125-26-003211.md","text":"https://secwatch.observer/filing/0001193125-26-003211.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/0001193125-26-003211-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/ck0001965052-20251230.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:34:29.841566+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"13bb3730496168de6b2b4e1bfe69463557781c5a","claim":"Marblegate Capital Corp incurred loan of approximately $17.2 million with Auxilior Capital Partners, Inc. at 8.5% per annum.","evidence_excerpt":"certain wholly owned subsidiaries (the “ Mini-Fleets ”) of DePalma Acquisition II LLC (“ DPA 2 ”) entered into a Loan and Security Agreement (the “ Vehicle Loan Agreement ”) with Auxilior Capital Partners, Inc. (“ Auxilior ”), which provides for loans in the aggregate amount of approximately $17.2 million to finance certain fleets of taxicab vehicles","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/0001193125-26-003211-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"approximately $17.2 million"},{"label":"Counterparty","value":"Auxilior Capital Partners, Inc."},{"label":"Rate","value":"8.5% per annum"},{"label":"Event","value":"incurrence"}]},{"claim_id":"48e4a2df0421c013a7a90aba90411f6e973acb87","claim":"Marblegate Capital Corp incurred guarantee with Auxilior Capital Partners, Inc..","evidence_excerpt":"MCC, along with DPA 1, DPA 2 and Septuagint Solutions LLC, executed a Guaranty (the “ Guaranty ”) in favor of Auxilior guaranteeing the obligations under the Vehicle Loan Agreement and associated promissory notes","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/0001193125-26-003211-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"guarantee"},{"label":"Counterparty","value":"Auxilior Capital Partners, Inc."},{"label":"Event","value":"incurrence"}]},{"claim_id":"b1b7ab837199004ad4141b470a43d1ac1773db4a","claim":"Marblegate Capital Corp incurred guarantee with the Borrower, the Agent and the Lenders.","evidence_excerpt":"MCC executed a Performance Guaranty dated as of December 30, 2025 (the “ Performance Guaranty ”), in favor of the Borrower, the Agent and the Lenders, pursuant to which MCC unconditionally guaranteed certain obligations of DPA 1 under the Loan Agreement and related transaction documents","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/0001193125-26-003211-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"guarantee"},{"label":"Counterparty","value":"the Borrower, the Agent and the Lenders"},{"label":"Event","value":"incurrence"}]},{"claim_id":"c88deb355c25a243bf7ec9dec4426a98576929a5","claim":"Marblegate Capital Corp incurred revolving credit of up to $120,000,000 with DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch, as agent at Facility Rate (as defined in the Loan Agreement) that, depending on funding sour maturing December 30, 2030.","evidence_excerpt":"subsidiaries of Marblegate Capital Corporation (“ MCC ”) entered into a Receivables Loan and Security Agreement (the “ Loan Agreement ”) by and among DePalma Financing SPV I LLC (the “ Borrower ”), DePalma Acquisition I LLC (“ DPA 1 ”), individually as servicer and as seller, the lenders from time to time party thereto (the “Lenders”), and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch, as agent (the “ Agent ”). Under the Loan Agreement, the Lenders agreed to provide a secured revolving loan facility (the “ Facility ”) to the Borrower in an aggregate principal amount of up to $120,000,000, available during a revolving period and maturing December 30, 2030","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/0001193125-26-003211-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $120,000,000"},{"label":"Counterparty","value":"DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch, as agent"},{"label":"Rate","value":"Facility Rate (as defined in the Loan Agreement) that, depending on funding sour"},{"label":"Maturity","value":"December 30, 2030"},{"label":"Event","value":"incurrence"}]},{"claim_id":"5dd42c7022932581d5d0f9d710a5de5bb3c1f842","claim":"Marblegate Capital Corp entered into Membership Interest Purchase Agreement with TML Holding, Inc. and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt Am Main, New York Branch valued at approximately $15.8 million (effective 2025-12-30).","evidence_excerpt":"On December 30, 2025, MCC also entered into a Membership Interest Purchase Agreement (the “ MIPA ”) with TML Holding, Inc. (the “ Seller ”) and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt Am Main, New York Branch, pursuant to which MCC purchased 100% of the membership interests in TML IV LLC (“ TML IV ”) for a purchase price of approximately $15.8 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/0001193125-26-003211-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"TML Holding, Inc. and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt Am Main, New York Branch"},{"label":"Value","value":"approximately $15.8 million"},{"label":"Effective","value":"2025-12-30"}]},{"claim_id":"6b276c2aeca781bdc365ede69cc41751862ef4c9","claim":"Marblegate Capital Corp entered into Receivables Loan and Security Agreement with the lenders from time to time party thereto, and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch, as agent valued at $120,000,000 (effective 2025-12-30).","evidence_excerpt":"On December 30, 2025, subsidiaries of Marblegate Capital Corporation (“ MCC ”) entered into a Receivables Loan and Security Agreement (the “ Loan Agreement ”) by and among DePalma Financing SPV I LLC (the “ Borrower ”), DePalma Acquisition I LLC (“ DPA 1 ”), individually as servicer and as seller, the lenders from time to time party thereto (the “Lenders”), and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch, as agent (the “ Agent ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/0001193125-26-003211-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders from time to time party thereto, and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch, as agent"},{"label":"Value","value":"$120,000,000"},{"label":"Effective","value":"2025-12-30"}]},{"claim_id":"e3ac9ea280edc429fcf791c4f0c22237dbb4751a","claim":"Marblegate Capital Corp entered into Loan and Security Agreement with Auxilior Capital Partners, Inc. valued at approximately $17.2 million (effective 2025-12-31).","evidence_excerpt":"On December 31, 2025, certain wholly owned subsidiaries (the “ Mini-Fleets ”) of DePalma Acquisition II LLC (“ DPA 2 ”) entered into a Loan and Security Agreement (the “ Vehicle Loan Agreement ”) with Auxilior Capital Partners, Inc. (“ Auxilior ”), which provides for loans in the aggregate amount of approximately $17.2 million to finance certain fleets of taxicab vehicles.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/0001193125-26-003211-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Auxilior Capital Partners, Inc."},{"label":"Value","value":"approximately $17.2 million"},{"label":"Effective","value":"2025-12-31"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}