secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2024-07-05T23:59:59+00:00
Accession:  0001493152-24-026309
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000149315224026309/0001493152-24-026309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000149315224026309/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-026309

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