Beneficient amends credit agreement, adds $1.68M loan, waives defaults; director buys shares

Beneficient

Amendment adds $1,675,000 fully drawn term loan from HH-BDH LLC (affiliate of director Thomas O. Hicks); waives payment, naming, and reporting defaults.
Borrower must cure payment defaults by Nov 1, 2024 or two business days after resale registration effective; failure triggers automatic event of default.
Mandatory prepayments: $200k on each of Sep 7, Oct 7, Nov 7, Dec 7, 2024 and $875k on Dec 31, 2024; plus minimum monthly payments and $4M liquidity covenant.
Director Peter Cangany's affiliate purchased 47,500 Class A shares at $2.33/share in unregistered offering exempt under Section 4(a)(2).

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