BuzzFeed subsidiary secures $5.2M film production loan from BondIt LLC

BuzzFeed, Inc.

Loan commitment $5.2M; $4.6M in cash installments from June 13 to Aug 8, 2025.
Proceeds fund production, post-production, and delivery of a feature film.
Repayment due from distribution-rights contracts and production tax credits: $2.6M by Mar 16, 2026, $2.4M by Aug 14, 2026, $0.2M by Sep 14, 2026.
Lender has first-priority secured lien on all borrower assets, including IP and receivables.
Events of default include payment failure, abandonment of production, or insolvency of borrower.

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