Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Arena Group Holdings, Inc. incurred senior notes of $5.0 million in aggregate principal amount.
- Instrument
- senior notes
- Principal
- $5.0 million in aggregate principal amount
- Event
- incurrence
Exact text from the filing
the Company issued $5.0 million in aggregate principal amount of senior secured notes (the “Notes”) pursuant to the Note Purchase Agreement
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Arena Group Holdings, Inc. amended Financing and Security Agreement Amendment with SLR Digital Finance LLC valued at Maturity extended to December 31, 2025; Event of Default if LOI transaction not consummated by March (effective 2023-08-31).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- SLR Digital Finance LLC
- Value
- Maturity extended to December 31, 2025; Event of Default if LOI transaction not consummated by March
- Effective
- 2023-08-31
Exact text from the filing
On August 31, 2023, The Arena Group Holdings, Inc. (the “Company”) entered into an amendment to its financing and security agreement (the “FSA Amendment”), by and among the Company, certain subsidiaries of the Company party thereto and SLR Digital Finance LLC (f/k/a Fast Pay Partners LLC) (“SLR”), pursuant to which (i) the maturity date of the Company’s line of credit was extended to December 31, 2025 and (ii) an Event of Default will occur if the transactions contemplated by the Company’s previously announced letter of intent with Simply Inventions, LLC (the “Transaction”) are not consummated by March 31, 2024 (or June 30, 2024 if the lenders under the Company’s Third Amended and Restated Note Purchase Agreement, dated as of December 15, 2022 (as amended to date, the “Note Purchase Agreement”), agree to extend the deadline for consummation of the Transaction contained therein to March 31, 2024 or thereafter).
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