AMERICAN REBEL HOLDINGS INC (AREB): debt financing — AREB enters $500K revenue interest financing; monthly $75K payments to KBI starting April 2024

AMERICAN REBEL HOLDINGS INC

KBI purchased a revenue interest in AREB's Champion Entities for $500,000 (net $495,000 after expenses).
Starting April 1, 2024, AREB pays $75,000/month to KBI from Champion revenue until repurchased.
AREB has a call option to repurchase for $625K (if before Mar 31, 2024) or $687.5K (after Apr 1) minus payments made.
AREB cannot raise additional debt or debt-like securities without KBI's consent, except Regulation A offering.
The agreement is structured as a security, not a debt instrument, with customary representations and warranties.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

AMERICAN REBEL HOLDINGS INC incurred debt of $500,000 with Kingdom Building Inc. maturing repurchased upon exercise of Call Option or Put Option.

Principal: $500,000
Counterparty: Kingdom Building Inc.
Maturity: repurchased upon exercise of Call Option or Put Option
Event: incurrence

Exact text from the filing

On December 19, 2023, the Registrant entered into a Revenue Interest Purchase Agreement (the “ Revenue Interest Purchase Agreement ”) with Kingdom Building Inc. (“ KBI ”), pursuant to which KBI purchased a revenue interest from the Registrant for $500,000, less $5,000 in transaction expenses.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMERICAN REBEL HOLDINGS INC entered into Revenue Interest Purchase Agreement with Kingdom Building Inc. valued at $500,000 (effective 2023-12-19).

Action: entry
Counterparty: Kingdom Building Inc.
Value: $500,000
Effective: 2023-12-19

Exact text from the filing

the Registrant entered into a Revenue Interest Purchase Agreement (the “ Revenue Interest Purchase Agreement ”) with Kingdom Building Inc. (“ KBI ”), pursuant to which KBI purchased a revenue interest from the Registrant for $500,000

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26 debt financings filed in the last 30 days. Browse all debt financings →

AMERICAN REBEL HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0001493152-23-045978

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