Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Fluent, Inc. amended credit facility of existing term loan facility in the aggregate principal amount of $50.0 million and an undrawn revolving credit facility with Citizens Bank, N.A., and certain lenders at Borrowings under the Credit Facilities bear interest at a rate per annum equal t maturing March 31, 2026.
- Instrument
- credit facility
- Principal
- existing term loan facility in the aggregate principal amount of $50.0 million and an undrawn revolving credit facility
- Counterparty
- Citizens Bank, N.A., and certain lenders
- Rate
- Borrowings under the Credit Facilities bear interest at a rate per annum equal t
- Maturity
- March 31, 2026
- Event
- amendment
Exact text from the filing
The Amendment amends certain provisions of the Credit Agreement to: (i) reflect the replacement of the current benchmark settings with TERM SOFR pursuant to an Early Opt-In Election; (ii) acknowledge certain litigation matters; and (iii) join additional subsidiaries of Borrower as guarantors of the loan facilities (the “Credit Facilities”) provided under the Credit Agreement. The Credit facilities consist of an existing term loan facility in the aggregate principal amount of $50.0 million and an undrawn revolving credit facility of $15.0 million (the “Revolving Credit Facility”). Borrowings under the Credit Facilities bear interest at a rate per annum equal to the benchmark selected by the Borrower, which may be based on the Alternative Base Rate or Term SOFR (subject to a floor of 0.00%), plus a margin applicable to the selected benchmark. The applicable margin is between 0.75% and 1.75% for borrowings based on the Alternative Base Rate and 1.75% and 2.75% for borrowings based on Ter
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