Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Airspan Networks Holdings Inc. amended credit facility of $5 million with DBFIP ANI LLC at Base Rate or Adjusted Term SOFR, plus between 9.00% and 14.00% per annum maturing December 30, 2024.
- Instrument
- credit facility
- Principal
- $5 million
- Counterparty
- DBFIP ANI LLC
- Rate
- Base Rate or Adjusted Term SOFR, plus between 9.00% and 14.00% per annum
- Maturity
- December 30, 2024
- Event
- amendment
Exact text from the filing
The Third A&R Credit Agreement establishes a new delayed draw term loan commitment of $5 million (the “Third Restatement Delayed Draw Term Loan”), which will accrue interest at a variable rate per annum equal to either the Base Rate (as defined in the Third A&R Credit Agreement) or the Adjusted Term SOFR (as defined in the Third A&R Credit Agreement), plus between 9.00% and 14.00% per annum
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Airspan Networks Holdings Inc. amended NPA Amendment with administrative and collateral agent for the purchasers (effective 2023-11-14).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- administrative and collateral agent for the purchasers
- Effective
- 2023-11-14
Exact text from the filing
In connection with the Third A&R Credit Agreement, the Company modified the terms of its Senior Secured Convertible Note Purchase and Guarantee Agreement, dated July 30, 2021 (as further amended, amended and restated, restated, supplemented or otherwise modified from time to time prior to the Effective Date, the “Note Purchase Agreement”) pursuant to the Limited Waiver and Consent, Fourth Amendment to Senior Secured Convertible Note Purchase and Guarantee Agreement and Reaffirmation of Note Documents, dated the Effective Date (the “NPA Amendment”), among the Company, ANI, certain of its subsidiaries as guarantors, the purchasers party thereto and the administrative and collateral agent.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Airspan Networks Holdings Inc. amended Third Amendment and Restatement Agreement with DBFIP ANI LLC, as administrative agent and collateral agent valued at $5 million (effective 2023-11-14).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- DBFIP ANI LLC, as administrative agent and collateral agent
- Value
- $5 million
- Effective
- 2023-11-14
Exact text from the filing
On November 14, 2023 (the “Effective Date”), Airspan Networks Holdings Inc. (f/k/a New Beginnings Acquisition Corp.), a Delaware corporation (the “Company”), entered into the Limited Waiver and Consent, Third Amendment and Restatement of Credit Agreement and Reaffirmation of Loan Documents (the “Third Amendment and Restatement Agreement”) among the Company, as Holdings (in such capacity, “Holdings”), Airspan Networks Inc., a Delaware corporation (“ANI”), as the Borrower (in such capacity, the “Borrower”), certain subsidiaries of the Company, as guarantors, the lenders party thereto (collectively, the “Lenders”) and DBFIP ANI LLC, as administrative agent and collateral agent
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