debt
confidence high
sentiment negative
materiality 0.70
American Rebel issues $5.47M secured note to Streeterville Capital with 10% interest, 24-month maturity
AMERICAN REBEL HOLDINGS INC
- Principal $5,470,000 with $450K OID; net proceeds ~$5M after fees; 10% annual interest; due in 24 months.
- Forbearance with Bank of America extended to July 31, 2025 after $100K payment on June 30.
- Note secured by DACA on ARH Sub's Lakeside Bank account, guaranty, and pledge of membership interests.
- Restrictive covenants limit new debt and equity issuances with >25% discount to market price.
- Lender may reinvest up to $5M additional on same terms with Company's consent.
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