---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-027968"
form_type: "8-K"
ticker: "BBXIB"
cik: "0001814974"
company_name: "BBX Capital, Inc."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:42:03.953532+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BBX Capital's Renin subsidiary amends TD Bank facility, adds $1.25M equity, waives covenants through Dec 2023

## Summary
- Revolving credit line temporarily raised from $22M to $24.5M through Nov 2023, then steps down to $20M by Jan 2024.
- BBX Capital injected $1.25M to Renin, used to partially repay the term loan; Renin not compliant with some financial covenants.
- Total Leverage Ratio compliance waived for Q1-Q4 2023; new max 3.00x covenant begins Jan 1, 2024.
- Amendment fee of $15,000; equity injection is in addition to prior injections totaling over $36.5M.

## SEC filing metadata
- accession: 0001437749-23-027968
- form_type: 8-K
- ticker: BBXIB
- cik: 0001814974
- company_name: BBX Capital, Inc.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814974/000143774923027968/0001437749-23-027968-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814974/000143774923027968/bbxi20231006_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-027968
- JSON: https://secwatch.observer/filing/0001437749-23-027968.json
- Plain text: https://secwatch.observer/filing/0001437749-23-027968.txt

## Key facts
- Debt Financings
  BBX Capital, Inc. amended credit facility of temporarily increase availability under the revolving line of credit from $22.0 million to $24.5 million with The Toronto-Dominion Bank.
  - Instrument: credit facility
  - Principal: temporarily increase availability under the revolving line of credit from $22.0 million to $24.5 million
  - Counterparty: The Toronto-Dominion Bank
  - Event: amendment
  source text: On October 5, 2023, the TD Bank Credit Facility was further amended to, among other things, temporarily increase availability under the revolving line of credit from $22.0 million to $24.5 million through November 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814974/000143774923027968/0001437749-23-027968-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.