Stewards, Inc. closes $69M senior loan, $10M mezzanine, $5M convertible note, and $25M HOPCo note

Stewards, Inc.

Senior loan of $69M at Term SOFR + 3.50% (reducing to 3.00%) matures Aug 2028 with three one-year extension options.
Mezzanine loan of $10M at Term SOFR + 12.00% (floor 14.50%) matures Aug 2028, secured by 100% of mortgage borrower interests.
$5M secured convertible notes at 15% interest, 180-day maturity, convertible at $3.00/share, with warrants for 1,666,665 shares at $3.00.
HOPCo convertible note up to $25M (initial $5M funded) at 8% PIK, matures 2031, converts to Class A2 units if no equity closing by Oct 31, 2026.
Proceeds used for HOPCo acquisition payments and general corporate purposes.

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