{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-017092","form_type":"8-K","ticker":"BMTM","cik":"0001568385","company_name":"Bright Mountain Media, Inc.","filed_at":"2025-10-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.779539+00:00","generated_at":"2026-05-17T04:34:56.354916+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Bright Mountain Media amends credit agreement: defers payments, issues 2.83M shares to lenders","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-017092","json":"https://secwatch.observer/filing/0001493152-25-017092.json","markdown":"https://secwatch.observer/filing/0001493152-25-017092.md","text":"https://secwatch.observer/filing/0001493152-25-017092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1568385/000149315225017092/0001493152-25-017092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1568385/000149315225017092/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:34:56.354916+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"03726d1d56d5cb215aa1198061f25115f52354e2","claim":"Bright Mountain Media, Inc. amended credit facility with Centre Lane Partners Master Credit Fund II, L.P., as Administrative Agent and Collateral Agent.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1568385/000149315225017092/0001493152-25-017092-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Centre Lane Partners Master Credit Fund II, L.P., as Administrative Agent and Collateral Agent"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}