---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-015450"
form_type: "8-K"
ticker: null
cik: "0001014111"
company_name: "GlassBridge Enterprises, Inc."
filed_at: "2025-06-17T23:59:59+00:00"
generated_at: "2026-05-19T04:03:49.355930+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# GlassBridge reports $34.1M default by servicer on WAB loan; potential foreclosure on pledged collateral

## Summary
- Third-party servicer defaulted on WAB Loan ($34.1M outstanding) due to liquidity, audit, and Fannie Mae suspension.
- GlassBridge pledged collateral (mortgage servicing rights) with fair market value at least $61.9M to secure the loan.
- WAB may foreclose on collateral; company states default will be cured promptly and no foreclosure anticipated.
- No financial impact or acceleration of obligation quantified; company does not expect material adverse effect.

## SEC filing metadata
- accession: 0001641172-25-015450
- form_type: 8-K
- cik: 0001014111
- company_name: GlassBridge Enterprises, Inc.
- filed_at: 2025-06-17T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1014111/000164117225015450/0001641172-25-015450-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1014111/000164117225015450/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-015450
- JSON: https://secwatch.observer/filing/0001641172-25-015450.json
- Plain text: https://secwatch.observer/filing/0001641172-25-015450.txt

## Key facts
- Debt Financings
  GlassBridge Enterprises, Inc. reported a default on guarantee of approximately $34.1 million with Western Alliance Bank.
  - Instrument: guarantee
  - Principal: approximately $34.1 million
  - Counterparty: Western Alliance Bank
  - Event: default
  source text: obligations of its third party servicer under such servicer’s loan agreement with WAB (the “WAB Loan”). As of today, the amount outstanding under the WAB loan was approximately $34.1 million secured by Collateral with a fair market value of at least $61.9 million. On June 11, 2025, the Company received a notice that its third party servicer had defaulted on the WAB
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014111/000164117225015450/0001641172-25-015450-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.