debt
confidence high
sentiment positive
materiality 0.75
Venu secures $20M bridge loan from Ryan, LLC at 18% interest for McKinney amphitheater construction
Venu Holding Corp
- $20M secured bridge loan from Ryan, LLC; up to $500K additional for fees; 18% PIK interest; 90-day maturity.
- CEO J.W. Roth personally guarantees the note; collateral includes multiple properties and incentive payments.
- Loan funds construction of Sunset Amphitheater in McKinney, TX (targeted Q1 2027 opening); bridges to permanent financing expected Q3 2026.
- Company amended Pueblo Facility to permit subordinated lien on SHC Property as part of the deal.
- Non-dilutive capital approach; no equity offering.