Falcon's Beyond Global, Inc. (FBYD): debt financing — Falcon's Beyond obtains $8.5M in unsecured loans from related parties; repays $5.4M revolver

Falcon's Beyond Global, Inc.

Subsidiary Falcon's Beyond Global LLC borrowed $7.2M from 10%+ shareholder Katmandu Ventures and $1.3M from Universal Kat Holdings.
Loans are unsecured, non-convertible, bear 8.875% interest, mature March 31, 2025.
Approximately $5.4M of proceeds used to reduce outstanding balance under $10.0M revolving credit with related party Infinite Acquisitions Partners.
Remaining funds allocated for general working capital and corporate purposes.

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

Falcon's Beyond Global, Inc. incurred term loan of approximately $1.3 million with Universal Kat Holdings, LLC at 8.875% per annum maturing March 31, 2025.

Instrument: term loan
Principal: approximately $1.3 million
Counterparty: Universal Kat Holdings, LLC
Rate: 8.875% per annum
Maturity: March 31, 2025
Event: incurrence

Exact text from the filing

pursuant to which Universal Kat has made a loan to the Borrower in the principal amount of approximately $1.3 million

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Falcon's Beyond Global, Inc. incurred term loan of approximately $7.2 million with Katmandu Ventures, LLC at 8.875% per annum maturing March 31, 2025.

Instrument: term loan
Principal: approximately $7.2 million
Counterparty: Katmandu Ventures, LLC
Rate: 8.875% per annum
Maturity: March 31, 2025
Event: incurrence

Exact text from the filing

pursuant to which Katmandu Ventures has made a loan to the Borrower in the principal amount of approximately $7.2 million

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317 debt financings filed in the last 30 days. Browse all debt financings →

Falcon's Beyond Global, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-032984

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