Venu Holding Corp (VENU): debt financing — Venu secures $6M construction loan from PB&T Bank for Colorado Springs project

Venu Holding Corp

Loan up to $6M, term 70 months, maturing March 27, 2031.
Interest at 8.5% fixed during draw period (through May 27, 2026), then prime + 25 bps.
Secured by first lien on real property and assets of subsidiary Sunset Hospitality Collection, LLC.
Proceeds to fund completion of mixed-use development including restaurant, rooftop bar, and event spaces.
Personal guarantees from certain affiliates; $60K upfront closing fee paid.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Venu Holding Corp incurred term loan of $6 million with PB&T Bank at 8.5% maturing March 27, 2031.

Instrument: term loan
Principal: $6 million
Counterparty: PB&T Bank
Rate: 8.5%
Maturity: March 27, 2031
Event: incurrence

Exact text from the filing

the documents and agreements governing the Construction Loan, the Company may from time-to-time request advances under the Construction Loan not to exceed an aggregate amount of $6 million. During the Draw Period, the Construction Loan will bear interest at a fixed rate of 8.5%. On the last day of the Draw Period and continuing until the Maturity Date, the

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Source: SEC EDGAR

accession 0001641172-25-013203

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