debt
confidence high
sentiment positive
materiality 0.85
Splash Beverage settles $2.83M debt for $302K; lender releases all obligations
SPLASH BEVERAGE GROUP, INC.
- Outstanding loan balance of $2,834,689 settled for $301,800.55 payment due by Aug 31, 2026.
- Upon payment, lender irrevocably releases all claims, fees, and remaining indebtedness.
- Agreement with Decathlon Alpha IV, L.P. amends Revenue Loan and Security Agreement dated Dec 24, 2020.
- Settlement represents an ~89% discount on the outstanding principal and accrued obligations.