RumbleOn issues 1.21M warrants to Oaktree lenders at $12.00 per share

RideNow Group, Inc.

Warrants for 1,212,121 shares of Class B common stock issued to lenders under Amendment No. 5 to Oaktree credit agreement.
Exercise price of $12.00 per share; warrants exercisable immediately for cash, later cashless if conditions met.
Warrants expire on the fifth anniversary of issuance (August 14, 2028).
Amendment No. 5 eliminated or modified certain financial covenants for specified quarters.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

RideNow Group, Inc. amended Amendment No. 5 with Oaktree Fund Administration, LLC and the lenders party thereto (effective 2023-08-09).

Action: amendment
Agreement: credit facility
Counterparty: Oaktree Fund Administration, LLC and the lenders party thereto
Effective: 2023-08-09

Exact text from the filing

on August 9, 2023, the Company, the subsidiary guarantors party thereto, Oaktree Fund Administration, LLC and the lenders party thereto (the “Lenders”) executed Amendment No. 5 (the “Amendment No. 5”) to that certain term loan credit agreement, dated as of August 31, 2021 (as amended, the “Oaktree Credit Agreement”)

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RideNow Group, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-068608

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