secwatch.observer — SEC 8-K summary
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Issuer:     MUSTANG BIO, INC. (MBIO)
CIK:        0001680048
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001558370-22-018593
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mustang Bio amends $75M loan agreement to replace LIBOR with SOFR-based rates
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- First Amendment to $75M Loan Agreement with Runway Growth Finance Corp., dated Dec 7, 2022.
- Replaces LIBOR with Adjusted Term SOFR Rate (Term SOFR + 0.26%, floor 0.50%).
- Applicable Margin of 8.75% when using Adjusted Term SOFR Rate; total rate floor of 9.25%.
- Amendment includes fallback provisions if SOFR unavailable (Prime Rate alternative).
- No change to principal amount or maturity; loan terms otherwise unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680048/000155837022018593/0001558370-22-018593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680048/000155837022018593/tmb-20221207x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-018593

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