Airspan Networks Holdings Inc.: debt financing — Airspan obtains $750K delayed draw loan under Fifth A&R Credit Agreement; forbearance until March 17

the Note Purchase Agreement (as amended by the NPA Amendment) and the convertible notes issued under the Note Purchase Agreement (the “Convertible Notes”) were modified to, among other things, (i) extend the waiver of certain potential prospective events of default under the Note Purchase Agreement in the limited manner set forth therein and (ii) the forbearance by the purchasers party to the NPA Amendment from exercising their rights and remedies as a result of certain potential prospective events of default under the Note Purchase Agreement in the limited manner set forth therein

The Fifth A&R Credit Agreement establishes a new delayed draw term loan commitment of $750,000 (the “Fifth 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 Fifth A&R Credit Agreement) or the Adjusted Term SOFR (as defined in the Fifth A&R Credit Agreement), plus between 9.00% and 14.00% per annum

In connection with the Fifth 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, Sixth 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.

On February 28, 2024 (the “Effective Date”), Airspan Networks Holdings Inc., a Delaware corporation (the “Company”), entered into the Limited Waiver and Consent, Fifth Amendment and Restatement of Credit Agreement and Reaffirmation of Loan Documents (the “Fifth 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 (together with its successors and assigns in such capacities, the “Agent”).