secwatch.observer — SEC 8-K summary
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Issuer:     Marblegate Capital Corp (MGTE)
CIK:        0001965052
Form:       8-K
Filed at:   2026-01-06T23:59:59+00:00
Accession:  0001193125-26-003211
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marblegate Capital closes $137M in financings ($120M revolver + $17.2M term loan) for fleet expansion
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/0001193125-26-003211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1965052/000119312526003211/ck0001965052-20251230.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-003211

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