secwatch.observer — SEC 8-K summary
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Issuer:     ALLIANCE ENTERTAINMENT HOLDING CORP (AENT)
CIK:        0001823584
Form:       8-K
Filed at:   2025-10-02T23:59:59+00:00
Accession:  0001493152-25-016711
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alliance Entertainment closes new $120M credit facility with Bank of America, replacing prior debt
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- New 5-year senior secured revolving credit facility for $120M; $68.5M drawn at closing, $51.5M undrawn.
- Borrowings bear interest at SOFR +150 bps through Mar 2026, then +162.5 bps, reducing costs by up to 250 bps.
- Proceeds used to repay existing White Oak ABL facility and $10M Ogilvie Trust subordinated loan in full.
- Facility matures Oct 1, 2030; includes $3M letter of credit sub-limit and up to $50M additional borrowing accordion.
- Covenant requires fixed charge coverage ratio of at least 1.0 on a monthly trailing twelve-month basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823584/000149315225016711/0001493152-25-016711-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823584/000149315225016711/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-016711

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