secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0001493152-25-017092
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Bright Mountain Media amends credit agreement: defers payments, issues 2.83M shares to lenders
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000149315225017092/0001493152-25-017092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000149315225017092/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-017092

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