secwatch.observer — SEC 8-K summary
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Issuer:     Airspan Networks Holdings Inc. (—)
CIK:        0001823882
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001829126-24-001349
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Airspan obtains $750K delayed draw loan under Fifth A&R Credit Agreement; forbearance until March 17
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823882/000182912624001349/0001829126-24-001349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823882/000182912624001349/airspannetworks_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-001349

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