{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-23-007515","form_type":"8-K","ticker":null,"cik":"0001823882","company_name":"Airspan Networks Holdings Inc.","filed_at":"2023-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.758442+00:00","generated_at":"2026-06-08T01:25:01.329408+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Airspan executes $5M delayed draw term loan, waives defaults, appoints director","bullets":["Third Amendment and Restatement of Credit Agreement provides $5M Third Restatement Delayed Draw Term Loan at SOFR/Base Rate plus 9-14%, maturing Dec 30, 2024.","Waived specific defaults including overdue amortization payments of $433,362 and $431,643; overdue payments due earlier of strategic transaction close or Dec 31, 2023.","Special committee reconstituted with Thomas S. Huseby, Michael Flynn, and a future independent director; new covenants on restructuring milestones.","Director Divya Seshamani resigned effective Nov 9, 2023; Marc Heimowitz appointed as independent director Nov 13, 2023, with $22,500 monthly cash comp for min 5 months.","Concurrent NPA Fourth Amendment waives certain events of default under convertible note purchase agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-23-007515","json":"https://secwatch.observer/filing/0001829126-23-007515.json","markdown":"https://secwatch.observer/filing/0001829126-23-007515.md","text":"https://secwatch.observer/filing/0001829126-23-007515.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1823882/000182912623007515/0001829126-23-007515-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1823882/000182912623007515/airspannetworks_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T01:25:01.329408+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f51c12b1652b9f8a235d0cd54978f9f916c4552b","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823882/000182912623007515/0001829126-23-007515-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$5 million"},{"label":"Counterparty","value":"DBFIP ANI LLC"},{"label":"Rate","value":"Base Rate or Adjusted Term SOFR, plus between 9.00% and 14.00% per annum"},{"label":"Maturity","value":"December 30, 2024"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"0cb4b33db9","claim":"Marc Heimowitz was appointed as independent director at Airspan Networks Holdings Inc..","evidence_excerpt":"On November 13, 2023, Marc Heimowitz was appointed as an independent member of the board of directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823882/000182912623007515/0001829126-23-007515-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"independent director"}],"fact_type":"executive_change"},{"claim_id":"54f915dbdd","claim":"Divya Seshamani resigned as director at Airspan Networks Holdings Inc..","evidence_excerpt":"On November 9, 2023, Divya Seshamani resigned from the board of directors of the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823882/000182912623007515/0001829126-23-007515-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"af1a8a19e2334a8c999299d4c08f3311fae254fa","claim":"Airspan Networks Holdings Inc. amended NPA Amendment with administrative and collateral agent for the purchasers (effective 2023-11-14).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823882/000182912623007515/0001829126-23-007515-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"administrative and collateral agent for the purchasers"},{"label":"Effective","value":"2023-11-14"}],"fact_type":"material_agreement"},{"claim_id":"f5831881ff134c2326a95529790da5650cee5891","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823882/000182912623007515/0001829126-23-007515-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"DBFIP ANI LLC, as administrative agent and collateral agent"},{"label":"Value","value":"$5 million"},{"label":"Effective","value":"2023-11-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}