Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Bright Mountain Media, Inc. incurred term loan of $1,500,000 with Centre Lane Partners Master Credit Fund II, L.P. maturing 2023-06-30.
- Instrument
- term loan
- Principal
- $1,500,000
- Counterparty
- Centre Lane Partners Master Credit Fund II, L.P.
- Maturity
- 2023-06-30
- Event
- incurrence
Exact text from the filing
The Credit Agreement was amended to provide for an additional term loan amount of $1,500,000.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Bright Mountain Media, Inc. amended Sixteenth Amendment to Amended and Restated Senior Secured Credit Agreement with Centre Lane Partners Master Credit Fund II, L.P. valued at Additional term loan of $1,500,000; total term loan principal $32,608,194 as of February 10, 2023 (effective 2023-02-10).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Centre Lane Partners Master Credit Fund II, L.P.
- Value
- Additional term loan of $1,500,000; total term loan principal $32,608,194 as of February 10, 2023
- Effective
- 2023-02-10
Exact text from the filing
On February 10, 2023, Bright Mountain Media, Inc. (the “Company”) and its subsidiaries CL Media Holdings LLC, Bright Mountain Media, Inc., Bright Mountain LLC, MediaHouse, Inc. entered into the Sixteenth Amendment to Amended and Restated Senior Secured Credit Agreement (the “Agreement”). The Company and its subsidiaries are parties to a credit agreement between itself, the lenders party thereto and Centre Lane Partners Master Credit Fund II, L.P. as Administrative Agent and Collateral Agent dated June 5, 2020, as amended (the “Credit Agreement”). The Credit Agreement was amended to provide for an additional term loan amount of $1,500,000. This term loan matures on June 30, 2023. As of February 10, 2023, the accumulated term loan principal is $32,608,194, inclusive of fees and interest paid in kind capitalized.
View on SEC.gov