Volato enters $4M term loan with 165.69% APR; weekly payments of $207k due Jan 2025

Volato Group, Inc.

Term loan of $4M ($3.8M net of $200k origination fee) from TVT Capital Source LLC.
Total repayment amount of $5.8M ($1.8M interest); 28 weekly payments of $207,142.86 due by Jan 28, 2025.
APR disclosed as 165.69%; default fee of $2,500; prepayment discount of $800k if repaid within 30 days, $600k within 60 days.
Company disclosed pending arbitration settlement (~$20k receivable), disputed vendor demand (~$170k), and unresolved Texas tax lien.
Security interest granted in receivables and personal property, excluding G280 aircraft purchase agreements and related collateral.

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