Arena Group enters $97.7M term loan with Renew Group at 10% interest, maturing 2029

Arena Group Holdings, Inc.

Term loan of $97,691,000 from Renew Group Private Limited, maturing August 6, 2029.
Interest at 10.00% per annum, payable quarterly; principal in seven $1M installments starting Sept 30, 2027.
Proceeds used to refinance existing term loan obligations with Renew and for general corporate purposes.
Covenants include fixed charge coverage ratio ≥1.20x and total net leverage ≤3.5x, tested quarterly.
Loan secured by first-priority security interest in substantially all assets; prepayment allowed without penalty.

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