secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001493152-23-026661
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bright Mountain Media secures additional $2.0M term loan, maturing June 2024
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- Nineteenth Amendment provides $2,000,000 additional term loan facility; maturity June 30, 2024.
- Total lender commitments post-amendment: ~$21.9M (CL Partners II), ~$1.85M (II-A), ~$4.35M (II-B), ~$26.3M (BV Agency).
- Eighteenth Amendment (June 30, 2023) restructured an installment payment into three monthly installments (Jul, Aug, Sep 2023).
- Loan is senior secured with Centre Lane Partners as administrative agent and collateral agent.
- Earlier amendments (1st-17th) have been fully drawn and reduced to $0; total commitments now approx. $54.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000149315223026661/0001493152-23-026661-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000149315223026661/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-026661

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