---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-007293"
form_type: "8-K"
ticker: null
cik: "0001664127"
company_name: "ALTITUDE INTERNATIONAL HOLDINGS, INC."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:33:23.403601+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Altitude assigns Altitude Hospitality to settle $18.3M debt; enters $750K loan at 12%

## Summary
- Assigned 100% of Altitude Hospitality, LLC membership interests to FVP's designee to satisfy $18,255,476 of debt.
- Entered new $750,000 loan agreement at 12% interest, maturing June 30, 2025; interest-only through Sep 2024.
- CEO Gregory Breunich remains; manager of Altitude Hospitality resigned as part of settlement.
- New loan proceeds used to fully pay and terminate September 2022 loan agreement and related documents.
- Exclusivity agreement with Feenix Payment Systems amended and restated as part of transaction.

## SEC filing metadata
- accession: 0001493152-23-007293
- form_type: 8-K
- cik: 0001664127
- company_name: ALTITUDE INTERNATIONAL HOLDINGS, INC.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1664127/000149315223007293/0001493152-23-007293-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1664127/000149315223007293/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-007293
- JSON: https://secwatch.observer/filing/0001493152-23-007293.json
- Plain text: https://secwatch.observer/filing/0001493152-23-007293.txt

## Key facts
- M&A Transactions
  ALTITUDE INTERNATIONAL HOLDINGS, INC. completed a disposition involving FVP Servicing, LLC (as administrative agent for certain lenders) for the existing debt owed by the Company to the Lenders under the September Loan Agreement was reduced by an amount of $18,255,476.11 (closed 2023-03-06).
  - Action: disposition
  - Counterparty: FVP Servicing, LLC (as administrative agent for certain lenders)
  - Consideration: the existing debt owed by the Company to the Lenders under the September Loan Agreement was reduced by an amount of $18,255,476.11
  - Closing: 2023-03-06
  source text: of the membership interests of Altitude Hospitality, LLC, the existing debt owed by the Company to the Lenders under the September Loan Agreement was reduced by an amount of $18,255,476.11 (the “Partial Satisfaction Amount”). The Loan Parties also agreed to enter into a new loan agreement (the “New Loan Agreement”) in favor of the Lenders with a principal amount of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1664127/000149315223007293/0001493152-23-007293-index.htm
- Material Agreements
  ALTITUDE INTERNATIONAL HOLDINGS, INC. entered into New Loan Agreement with FVP Servicing, LLC and the Lenders valued at Original principal amount of $750,000; interest rate 12% per annum; maturity date June 30, 2025 (effective 2023-03-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: FVP Servicing, LLC and the Lenders
  - Value: Original principal amount of $750,000; interest rate 12% per annum; maturity date June 30, 2025
  - Effective: 2023-03-06
  source text: New Loan Agreement On March 6, 2023, the Company and Trident Water, LLC, entered into a New Loan Agreement with FVP and the Lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1664127/000149315223007293/0001493152-23-007293-index.htm
- Material Agreements
  ALTITUDE INTERNATIONAL HOLDINGS, INC. entered into Settlement Agreement with FVP Servicing, LLC and certain lenders valued at Existing debt reduced by $18,255,476.11; new loan of $750,000 (effective 2023-03-06).
  - Action: entry
  - Agreement: settlement
  - Counterparty: FVP Servicing, LLC and certain lenders
  - Value: Existing debt reduced by $18,255,476.11; new loan of $750,000
  - Effective: 2023-03-06
  source text: Item 1.01 Entry into a Material Agreement Settlement Agreement On March 6, 2023, Altitude International Holdings, Inc. (the “Company”), Altitude Hospitality, LLC and Trident Water, LLC, together with the Company’s wholly owned subsidiaries (collectively referred to as the “Loan Parties”) entered into a Settlement Agreement (the “Settlement Agreement”) with FVP Servicing, LLC (“FVP”), the administrative agent for certain lenders, and certain lenders (the “Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1664127/000149315223007293/0001493152-23-007293-index.htm

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