Bright Mountain Media defers $600K payment, issues 2.87M shares to creditor

Bright Mountain Media, Inc.

Deferred $600K quarterly installment and interest on Second Out Loans from Dec 31, 2025 to Mar 31, 2026.
Issued 2,870,792 shares (1.5% pro forma fully-diluted) to Centre Lane Partners as consideration.
Centre Lane Partners now beneficially owns 26.4% of common stock.
Total debt: ~$2.2M due Mar 31, 2026 and ~$90.5M due at maturity Dec 20, 2026.

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.

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

Exact text from the filing

The principal changes to the Credit Agreement made in the Twenty-Fourth Amendment include, but are not limited to, the following: (i) Adjusting the amortization of the Second Out Loans such that the quarterly installment due on December 31, 2025 with respect to the Second Out Loans was deferred in its entirety until March 31, 2026; and (ii) Adjusting the timing of the payment of interest accrued on the Second Out Loans for the interest period ended December 31, 2025 such that the interest payment for the Second Out Loans due on December 31, 2025 was deferred in its entirety until March 31, 2026.

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Bright Mountain Media, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-000784

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