{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-24-001349","form_type":"8-K","ticker":null,"cik":"0001823882","company_name":"Airspan Networks Holdings Inc.","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.757830+00:00","generated_at":"2026-06-05T04:00:45.916105+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Airspan obtains $750K delayed draw loan under Fifth A&R Credit Agreement; forbearance until March 17","bullets":["New delayed draw term loan commitments of $750,000 established under Fifth Amended and Restated Credit Agreement.","Forbearance on specified events of default until March 17, 2024 or closing of a Strategic Transaction.","Convertible note purchase agreement amended via Sixth Amendment to include similar waivers and forbearance.","Lenders waive liquidity covenant compliance through March 17, 2024 and agree to forbear on certain defaults.","$300,000 Fifth Restatement Fee capitalized in connection with the new loan advance."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-24-001349","json":"https://secwatch.observer/filing/0001829126-24-001349.json","markdown":"https://secwatch.observer/filing/0001829126-24-001349.md","text":"https://secwatch.observer/filing/0001829126-24-001349.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1823882/000182912624001349/0001829126-24-001349-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1823882/000182912624001349/airspannetworks_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:00:45.916105+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":"65892c074c717ffd87d29dff5e45417aa4ce97c1","claim":"Airspan Networks Holdings Inc. amended convertible notes.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823882/000182912624001349/0001829126-24-001349-index.htm","confidence":0.7,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"7440b16a70084ae1a2bccb98a4dc7e8d58243f11","claim":"Airspan Networks Holdings Inc. incurred term loan of $750,000 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 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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823882/000182912624001349/0001829126-24-001349-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$750,000"},{"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":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"173815ca59367d9ae9af3ef34a8f70d8d4b466ff","claim":"Airspan Networks Holdings Inc. entered into Limited Waiver and Consent, Sixth Amendment to Senior Secured Convertible Note Purchase and Guarantee Agreement and Reaffirmation of Note Documents with the purchasers and the administrative and collateral agent valued at Extended waiver of certain potential prospective events of default and forbearance from exercising r (effective 2024-02-28).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823882/000182912624001349/0001829126-24-001349-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the purchasers and the administrative and collateral agent"},{"label":"Value","value":"Extended waiver of certain potential prospective events of default and forbearance from exercising r"},{"label":"Effective","value":"2024-02-28"}],"fact_type":"material_agreement"},{"claim_id":"f53b223ba1ad7e893ded25eb7c0a33027be67315","claim":"Airspan Networks Holdings Inc. entered into Limited Waiver and Consent, Fifth Amendment and Restatement of Credit Agreement and Reaffirmation of Loan Documents with DBFIP ANI LLC valued at Established new delayed draw term loan commitment of $750,000, accruing interest at variable rate (B (effective 2024-02-28).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823882/000182912624001349/0001829126-24-001349-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"DBFIP ANI LLC"},{"label":"Value","value":"Established new delayed draw term loan commitment of $750,000, accruing interest at variable rate (B"},{"label":"Effective","value":"2024-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}