secwatch.observer — SEC 8-K summary
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Issuer:     Lazydays Holdings, Inc. (—)
CIK:        0001721741
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001493152-24-020334
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lazydays amends credit agreements, secures $15M mortgage, issues 2M warrants at $5.25
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- Interest rate increased; floor plan facility reduced from $525M to $480M; no revolving loans available during ratio adjustment period.
- Mandatory repayments: $5M by June 10, $2.5M by Sep 30, $2.5M by Dec 31, 2024, with permanent commitment reductions.
- Coliseum advanced $15M mortgage (total $50M) to fund required $5M credit repayment and general purposes.
- Warrants for 2M shares at $5.25 per share issued to Coliseum Capital and Blackwell Partners, exercisable through May 15, 2034.
- Series A Preferred Stock conversion price adjusted to $9.65 from $10.0625 due to warrant issuance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1721741/000149315224020334/0001493152-24-020334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1721741/000149315224020334/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-020334

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