secwatch.observer β€” SEC 8-K summary ====================================== Issuer: Airspan Networks Holdings Inc. (β€”) CIK: 0001823882 Form: 8-K Filed at: 2023-12-29T23:59:59+00:00 Accession: 0001829126-23-008326 Event type: debt Sentiment: negative Materiality: 0.75 Item codes: 1.01, 2.03, 9.01 LLM model: deepseek-v4-flash:cloud@v2 Airspan Networks secures $10M delayed draw term loan, waives defaults, defers debt payments -------------------------------------------------------------------------------- - Establishes $10M delayed draw term loan (Fourth Restatement Delayed Draw Term Loan) under Fourth A&R Credit Agreement. - Interest accrues at variable rate (Base Rate or Adjusted Term SOFR) plus 9.00%–14.00% p.a.; matures December 30, 2024. - Waives existing defaults and defers principal and interest payments due Sep 2023–Jan 2024 until earlier of Feb 29, 2024 or strategic transaction close. - Imposes $4M Fourth Restatement Fee, capitalized pro rata on each loan advance. - Modifies Convertible Note Purchase Agreement to waive defaults and defer cash interest payments consistent with credit agreement amendments. Source: EDGAR index: https://www.sec.gov/Archives/edgar/data/1823882/000182912623008326/0001829126-23-008326-index.htm Primary doc: https://www.sec.gov/Archives/edgar/data/1823882/000182912623008326/airspannetworks_8k.htm HTML page: https://secwatch.observer/filing/0001829126-23-008326 License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer