Bright Mountain Media, Inc. (BMTM): debt financing — Bright Mountain Media amends credit agreement: defers payments, issues 2.83M shares to lenders

Bright Mountain Media, Inc.

First Out Loans quarterly amortization for Sept 30 2025 reduced from $575K to $250K, with deferred balance due at maturity Dec 20, 2026.
Second Out Loans quarterly installment of ~$390K deferred in entirety to Dec 20, 2026.
Interest payment of ~$257K for Sept 30 2025 payable-in-kind instead of cash.
Company issued 2,832,485 shares of common stock (1.5% fully-diluted) to Centre Lane Partners as consideration, raising their ownership to ~25%.
Total outstanding under credit agreement ~$83.3M as of Oct 6, 2025, including ~$1.2M due Dec 31, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bright Mountain Media, Inc. amended credit facility with Centre Lane Partners Master Credit Fund II, L.P., as Administrative Agent and Collateral Agent.

Instrument: credit facility
Counterparty: Centre Lane Partners Master Credit Fund II, L.P., as Administrative Agent and Collateral Agent
Event: amendment

Exact text from the filing

Effective as of September 30, 2025, the Company and its subsidiaries, CL Media Holdings LLC, Bright Mountain LLC, MediaHouse, Inc., Deep Focus Agency LLC, and BV Insights LLC, Centre Lane Partners, and the Lenders entered into the Twenty-Third Amendment to Amended and Restated Senior Secured Credit Agreement

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Bright Mountain Media, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-017092

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