Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BuzzFeed, Inc. incurred loan of approximately $4.8 million (CAD $6.6 million) with Royal Bank of Canada.
- Instrument
- loan
- Principal
- approximately $4.8 million (CAD $6.6 million)
- Counterparty
- Royal Bank of Canada
- Event
- incurrence
Exact text from the filing
Girls Like Girls Film Inc. has debt of approximately $4.8 million (CAD $6.6 million), of which $4.0 million is required to be repaid with proceeds from a contract with a third party for distribution rights for a feature film, and the remaining $0.8 million is due when Girls Like Girls Film Inc. receives expected production tax credits (both repayment dates are currently unknown, but are expected to occur within the next 12 months).
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.7
BuzzFeed, Inc. incurred guarantee with Royal Bank of Canada.
- Instrument
- guarantee
- Counterparty
- Royal Bank of Canada
- Event
- incurrence
Exact text from the filing
The lender for both the debt and line of credit is Royal Bank of Canada (“RBC”). The commitment letter governing the aforementioned indebtedness contains customary representations and warranties, security interests in Girls Like Girls Film Inc.’s assets and personal property, reporting covenants, and other covenants.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.7
BuzzFeed, Inc. incurred credit facility of $0.4 million with Royal Bank of Canada.
- Instrument
- credit facility
- Principal
- $0.4 million
- Counterparty
- Royal Bank of Canada
- Event
- incurrence
Exact text from the filing
Girls Like Girls Film Inc. also has available to it a $0.4 million foreign exchange line of credit, of which there is no amount currently outstanding.
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