Bright Mountain Media, Inc. (BMTM): debt financing — Bright Mountain Media defers $1.2M loan payment, issues 2.9M shares as credit amendment consideration

Bright Mountain Media, Inc.

Twenty-Fifth Amendment defers $1.2M Second Out loan amortization to Dec 20, 2026.
Interest of ~$201K due March 31, 2026 paid in kind (PIK) rather than cash.
Issued 2,922,566 shares (1.5% pro forma) to Centre Lane Partners, raising its stake to 27.3%.
$1.6M due June 30, 2026; $92.1M due Dec 20, 2026 at credit agreement maturity.
Company must notify lenders of material changes to key vendor agreements.

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

Bright Mountain Media, Inc. amended credit facility of approximately $1.2 million was deferred with Centre Lane Partners Master Credit Fund II, L.P. maturing December 20, 2026.

Instrument: credit facility
Principal: approximately $1.2 million was deferred
Counterparty: Centre Lane Partners Master Credit Fund II, L.P.
Maturity: December 20, 2026
Event: amendment

Exact text from the filing

(i) Adjusting the amortization of the Second Out Loans such that the quarterly installment due on March 31, 2026 with respect to the Second Out Loans, which totaled approximately $1.2 million, was deferred in its entirety until December 20, 2026;

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Bright Mountain Media, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-143551

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