secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001493152-23-005280
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000149315223005280/0001493152-23-005280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000149315223005280/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005280

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