secwatch.observer — SEC 8-K summary
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Issuer:     Airspan Networks Holdings Inc. (—)
CIK:        0001823882
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001829126-24-001538
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Airspan enters sixth credit agreement amendment, secures $18M delayed draw loan and waives defaults
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- New $18M delayed draw term loan in two tranches ($8M and $10M), matures December 30, 2024.
- Loan bears interest at Base Rate or Term SOFR plus 9.00%–14.00% per annum, dependent on leverage.
- Lenders waive and forbear from remedies for certain existing defaults until March 24, 2024 or a strategic transaction close.
- $3.6M restructuring fee capitalized into the loan proceeds.
- Convertible note purchase agreement also amended to extend waivers and forbearance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823882/000182912624001538/0001829126-24-001538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823882/000182912624001538/airspannetworks_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-001538

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