---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-005280"
form_type: "8-K"
ticker: "BMTM"
cik: "0001568385"
company_name: "Bright Mountain Media, Inc."
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:24:30.955246+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bright Mountain Media obtains $1.5M additional term loan; total principal $32.6M

## Summary
- Additional term loan of $1,500,000 from Centre Lane Partners funds; matures June 30, 2023.
- Total accumulated term loan principal as of Feb 10, 2023 is $32,608,194 (including fees and PIK interest).
- Loan is part of Sixteenth Amendment to Amended and Restated Senior Secured Credit Agreement dated Feb 10, 2023.
- All prior tranches (Initial through Fifteenth Amendment commitments) are now fully drawn and set to $0.

## SEC filing metadata
- accession: 0001493152-23-005280
- form_type: 8-K
- ticker: BMTM
- cik: 0001568385
- company_name: Bright Mountain Media, Inc.
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568385/000149315223005280/0001493152-23-005280-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568385/000149315223005280/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-005280
- JSON: https://secwatch.observer/filing/0001493152-23-005280.json
- Plain text: https://secwatch.observer/filing/0001493152-23-005280.txt

## Key facts
- Debt Financings
  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
  source text: The Credit Agreement was amended to provide for an additional term loan amount of $1,500,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568385/000149315223005280/0001493152-23-005280-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568385/000149315223005280/0001493152-23-005280-index.htm

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