Loop Media, Inc.: debt financing — Loop Media enters $800K subordinated loan with Agile Capital; refinances prior debt

Loop Media, Inc.

$800,000 loan from Agile Capital; $157,417.50 used to repay Oct 2024 loan, $602,582.50 net for operations.
Weekly payments of $37,066.67, 30-week maturity on Oct 23, 2025; prepayment options with discounts.
Loan subordinated to future senior debt; security interest on assets but filing only upon default.
Potential additional $500,000 advance in 4-6 weeks on similar terms (9-month repayment).
Default rate: contract rate +5%; events of default include material adverse change.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

Loop Media, Inc. incurred loan of $800,000.00 with Agile Capital Funding, LLC at fixed per annum rate (default rate of 5% additional upon event of default) maturing October 23, 2025.

Instrument: loan
Principal: $800,000.00
Counterparty: Agile Capital Funding, LLC
Rate: fixed per annum rate (default rate of 5% additional upon event of default)
Maturity: October 23, 2025
Event: incurrence

Exact text from the filing

Agile Collateral Agent ”). The Agile Agreement provides for the issuance by the Company of a Subordinated Secured Promissory Note (the “ Agile Note ”) in the principal amount of $800,000.00 (the “ Agile Loan ”), representing, in part, a refinancing of existing indebtedness to the Agile Lender, which, as previously reported, was incurred by the Company on October 14,

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Source: SEC EDGAR

accession 0001641172-25-001388

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