Fluent, Inc. (FLNT): debt financing — Fluent enters $30M accounts receivable financing; repays SLR debt with $1M early termination fee

Fluent, Inc.

Up to $30M advance based on eligible receivables; 36-month initial term, auto-renewing annually.
Advance rate 90% domestic, 85% foreign; foreign capped at 30% of total advances.
Finance fee Prime + 2% with floor: 9.00% yr1, 8.75% yr2, 8.50% yr3.
Facility fee 0.50% of max credit initially, 0.33% annually; collateral fee 0.25% monthly.
Repaid $1.0M early termination fee to exit prior SLR credit agreement; all liens released.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Fluent, Inc. incurred credit facility of up to $30 million with CSNK Working Capital Finance Corp. d/b/a Bay View Funding at finance charges based on a floating interest rate maturing initial term of 36 months.

Instrument: credit facility
Principal: up to $30 million
Counterparty: CSNK Working Capital Finance Corp. d/b/a Bay View Funding
Rate: finance charges based on a floating interest rate
Maturity: initial term of 36 months
Event: incurrence

Exact text from the filing

(the “Company”) and Fluent, LLC, a wholly owned subsidiary of the Company (together with the Company, the "Borrower"), entered into an Accounts Receivable Finance Agreement (the "Financing Agreement") with CSNK Working Capital Finance Corp. d/b/a Bay View Funding ("Bay View"). Under the Financing Agreement, Bay View may extend financing to the Company based on eligible domestic and foreign accounts receivable, subject to a maximum aggregate advance amount of $30 million.

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

Fluent, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-036597

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