---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-031976"
form_type: "8-K"
ticker: "AREN"
cik: "0000894871"
company_name: "Arena Group Holdings, Inc."
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T23:09:25.109111+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Arena Group extends credit maturity, issues $5M notes, updates CEO severance

## Summary
- $5M senior secured notes issued Aug 31 under Note Purchase Agreement.
- Credit line maturity extended to Dec 31, 2025 via FSA Amendment with SLR.
- Event of default if Simply Inventions deal not closed by March 31, 2024 (or June 30 if note holders agree).
- Permits up to $8M additional notes and $25M Series L Preferred in connection with the Transaction.
- CEO Ross Levinsohn: on change-of-control termination, greater of salary through Dec 2026 or 36 months, plus COBRA ≥18 months.

## SEC filing metadata
- accession: 0001493152-23-031976
- form_type: 8-K
- ticker: AREN
- cik: 0000894871
- company_name: Arena Group Holdings, Inc.
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894871/000149315223031976/0001493152-23-031976-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894871/000149315223031976/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-031976
- JSON: https://secwatch.observer/filing/0001493152-23-031976.json
- Plain text: https://secwatch.observer/filing/0001493152-23-031976.txt

## Key facts
- Debt Financings
  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
  source text: the Company issued $5.0 million in aggregate principal amount of senior secured notes (the “Notes”) pursuant to the Note Purchase Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/894871/000149315223031976/0001493152-23-031976-index.htm
- Material Agreements
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/894871/000149315223031976/0001493152-23-031976-index.htm

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