Bright Mountain Media, Inc. (BMTM): debt financing — Bright Mountain Media defers $1.2M debt payment, issues shares to lender in credit amendment

Bright Mountain Media, Inc.

Twenty-Fifth Amendment defers $1.2M quarterly installment on Second Out Loans until Dec 20, 2026.
Interest payment of ~$201K for period ended March 31, 2026 payable-in-kind instead of cash.
Company issued 2,922,566 shares (1.5% pro forma) to Centre Lane Partners; they now own 27.3% of common stock.
Total debt due June 30, 2026: ~$1.6M; total due at maturity Dec 20, 2026: ~$92.1M.

item 2.02 item 2.03

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 with Centre Lane Partners Master Credit Fund II, L.P..

Instrument: credit facility
Counterparty: Centre Lane Partners Master Credit Fund II, L.P.
Event: amendment

Exact text from the filing

The principal changes to the Credit Agreement made in the Twenty-Fifth Amendment include, but are not limited to, the following: (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 0001193125-26-143654

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