secwatch / observer
8-K filed March 5, 2024, 6:59 PM ET ticker BEEP CIK 0001847874
debt confidence high sentiment negative materiality 0.75

Mobile Infrastructure Corp (BEEP): debt financing — Mobile Infrastructure extends credit facility to June 2025; interest rate steps up after Oct 2024

Mobile Infrastructure Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Mobile Infrastructure Corp amended credit facility with KeyBank National Association maturing June 30, 2025.

Instrument
credit facility
Counterparty
KeyBank National Association
Maturity
June 30, 2025
Event
amendment
Exact text from the filing
Pursuant to the Third Amendment, the parties agreed to extend the maturity date of the Credit Agreement to a maximum maturity date of June 30, 2025, subject to certain interest rate adjustments after the first extended maturity date of October 1, 2024, and certain further interest rate adjustments after the second extended maturity date of April 1, 2025.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Mobile Infrastructure Corp amended Third Amendment to Credit Agreement with KeyBank National Association valued at Extended maturity date to June 30, 2025, with interest rate adjustments; required to refinance Chica (effective 2024-03-01).

Action
amendment
Agreement
credit facility
Counterparty
KeyBank National Association
Value
Extended maturity date to June 30, 2025, with interest rate adjustments; required to refinance Chica
Effective
2024-03-01
Exact text from the filing
On March 1, 2024, Mobile Infrastructure Corporation (the “ Company ”) entered into that certain Third Amendment to Credit Agreement (the “ Third Amendment ”), by and among the Company, Mobile Infra Operating Company, LLC (the “ Operating Company ”), certain subsidiaries of the Operating Company (together with the Operating Company, the “ Borrower ”), and KeyBank National Association (“ KeyBank ”), amending that certain Credit Agreement, dated as of March 29, 2022, as amended by that certain First Amendment to Credit Agreement, dated as of November 17, 2022, and as further amended by that Waiver and Second Amendment to Credit Agreement, dated as of August 25, 2023 (collectively with the Third Amendment, the “ Credit Agreement ”), by and among the Borrower, the Company, KeyBank and the other financial institutions party thereto as lenders.
View on SEC.gov

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

Mobile Infrastructure Corp filing history →

Source: SEC EDGAR
accession 0001493152-24-008900
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