Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Turtle Beach Corp incurred revolving credit of $50,000,000 or $65,000,000 with Bank of America, N.A. at SOFR plus 1.50% and 2.00% maturing April 30, 2029.
- Instrument
- revolving credit
- Principal
- $50,000,000 or $65,000,000
- Counterparty
- Bank of America, N.A.
- Rate
- SOFR plus 1.50% and 2.00%
- Maturity
- April 30, 2029
- Event
- incurrence
Exact text from the filing
L Credit Agreement”), by and among the Company, Voyetra Turtle Beach, Inc., TBC Holding Company LLC, Performance Designed Products LLC, Turtle Beach Europe Limited, VTB Holdings, Inc., Tide Acquisition Sub II, LLC, the financial institutions party thereto and Bank of America, N.A. (the “ABL Agent”), as agent, collateral agent and security trustee for the lenders to the credit facility (the “Credit Facility”).
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Turtle Beach Corp incurred credit facility of $85 million with Blue Torch Finance, LLC at SOFR plus 7.50% per annum maturing April 30, 2029.
- Instrument
- credit facility
- Principal
- $85 million
- Counterparty
- Blue Torch Finance, LLC
- Rate
- SOFR plus 7.50% per annum
- Maturity
- April 30, 2029
- Event
- incurrence
Exact text from the filing
Loan Financing Agreement”) by and among the Company, Voyetra Turtle Beach, Inc., a Delaware corporation, as borrower (“VTB”), each subsidiary of the Company listed as a guarantor on the signature pages thereto, the lenders from time to time party thereto, and Blue Torch Finance, LLC (“the “Term Agent”), as administrative agent and collateral agent (“Blue Torch”), pursuant to which Blue Torch made a loan to VTB in the aggregate amount of $85 million (the “Term Loan Facility”), the proceeds of which were used to or will be used to (a) refinance existing indebtedness of the Company and its subsidiaries; (b) for general corporate purposes; and (c) to pay fees and expenses related to the loan transactions.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Turtle Beach Corp entered into Term Loan Financing Agreement with Blue Torch Finance, LLC valued at $85,000,000 (effective 2026-04-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Blue Torch Finance, LLC
- Value
- $85,000,000
- Effective
- 2026-04-30
Exact text from the filing
On April 30, 2026, Turtle Beach Corporation (the “Company”) entered into a new financing agreement (the “Term Loan Financing Agreement”) by and among the Company, Voyetra Turtle Beach, Inc., a Delaware corporation, as borrower (“VTB”), each subsidiary of the Company listed as a guarantor on the signature pages thereto, the lenders from time to time party thereto, and Blue Torch Finance, LLC (“the “Term Agent”), as administrative agent and collateral agent (“Blue Torch”), pursuant to which Blue Torch made a loan to VTB in the aggregate amount of $85 million (the “Term Loan Facility”), the proceeds of which were used to or will be used to (a) refinance existing indebtedness of the Company and its subsidiaries; (b) for general corporate purposes; and (c) to pay fees and expenses related to the loan transactions.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Turtle Beach Corp entered into ABL Credit Agreement with Bank of America, N.A. valued at $50,000,000 to $65,000,000 US commitment plus $10,000,000 to $15,000,000 UK commitment (effective 2026-04-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $50,000,000 to $65,000,000 US commitment plus $10,000,000 to $15,000,000 UK commitment
- Effective
- 2026-04-30
Exact text from the filing
On April 30, 2026, the Company entered into a Loan, Guaranty and Security Agreement (the “ABL Credit Agreement”), by and among the Company, Voyetra Turtle Beach, Inc., TBC Holding Company LLC, Performance Designed Products LLC, Turtle Beach Europe Limited, VTB Holdings, Inc., Tide Acquisition Sub II, LLC, the financial institutions party thereto and Bank of America, N.A. (the “ABL Agent”), as agent, collateral agent and security trustee for the lenders to the credit facility (the “Credit Facility”).
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