---
schema_version: "secwatch.filing_event.v1"
accession: "0001828972-24-000019"
form_type: "8-K"
ticker: "BZFD"
cik: "0001828972"
company_name: "BuzzFeed, Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:18:11.095989+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BuzzFeed amends convertible note indenture to permit Complex Networks sale, mandates $30.9M redemption

## Summary
- Second supplemental indenture amends 8.50% Convertible Senior Notes due 2026, dated Feb 28, 2024.
- Permits sale of Complex Networks assets as defined in the Feb 21 Asset Purchase Agreement with Commerce Media Holdings.
- Mandates redemption of $30.9M from Complex sale proceeds; 95% of net proceeds from future asset sales required for redemption.
- Replaces de minimis asset sale exception with Specified Disposition concept (aggregate cap $10M).
- Company prohibited from open-market note purchases unless at 100% par in a pro rata offer to all holders.

## SEC filing metadata
- accession: 0001828972-24-000019
- form_type: 8-K
- ticker: BZFD
- cik: 0001828972
- company_name: BuzzFeed, Inc.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828972/000182897224000019/0001828972-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828972/000182897224000019/bzfd-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828972-24-000019
- JSON: https://secwatch.observer/filing/0001828972-24-000019.json
- Plain text: https://secwatch.observer/filing/0001828972-24-000019.txt

## Key facts
- Material Agreements
  BuzzFeed, Inc. amended Second Supplemental Indenture with Wilmington Savings Fund Society, FSB valued at Second Supplemental Indenture to 8.50% Convertible Senior Notes due 2026 (effective 2024-02-28).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Wilmington Savings Fund Society, FSB
  - Value: Second Supplemental Indenture to 8.50% Convertible Senior Notes due 2026
  - Effective: 2024-02-28
  source text: On February 28, 2024, BuzzFeed, Inc. (“ BuzzFeed ” or the “ Company ”) entered into a second supplemental indenture (the “ Second Supplemental Indenture ”) among the Company and Wilmington Savings Fund Society, FSB, as trustee (the “ Trustee ”), amending and supplementing the indenture (the “ Indenture ”), dated as of December 3, 2021, as amended and supplemented, providing for the issuance of the Company’s 8.50% Convertible Senior Notes due 2026 (the “ Notes ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828972/000182897224000019/0001828972-24-000019-index.htm

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