Bright Mountain Media enters Twentieth Amendment, extends credit maturity and modifies interest terms

Bright Mountain Media, Inc.

Maturity of Nineteenth Amendment Term Loan extended from June 30, 2024 to December 31, 2024.
Monthly principal+interest payments begin Sept 30, 2024; balance due Dec 31, 2024.
Last Out Loan amortization: $100k quarterly from Sept 30, 2024, then 2.5% of outstanding from Mar 31, 2025.
First Out Loans interest converted to 15% PIK from Apr 2024 to June 2025; optional extension with 2% PIK fee.
Amendment fee of 2% of principal on Seventeenth/Nineteenth Amendment Term Loans added as PIK to outstanding balance.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.