Airspan extends lender forbearance on credit defaults to April 7, 2024

Airspan Networks Holdings Inc.

Entered Amendment No. 1 to Limited Waiver extending forbearance from March 24 to April 7, 2024.
Lenders agreed to forbear from exercising remedies on specified events of default until April 7 or a Strategic Transaction closing.
Separate amendment extended forbearance under Senior Secured Convertible Note Purchase Agreement to same date.
Forbearance period is third extension in six weeks (Feb 28, Mar 7, Mar 25), signaling ongoing liquidity stress.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Airspan Networks Holdings Inc. amended Credit Agreement Amendment with DBFIP ANI LLC (effective 2024-03-25).

Action: amendment
Agreement: credit facility
Counterparty: DBFIP ANI LLC
Effective: 2024-03-25

Exact text from the filing

On March 25, 2024, Airspan Networks Holdings Inc., a Delaware corporation (the “Company”), entered into Amendment No. 1 to Limited Waiver and Consent, Sixth Amendment and Restatement of Credit Agreement and Reaffirmation of Loan Documents (the “Credit Agreement Amendment”), among the Company, Airspan Networks Inc., a Delaware corporation (“ANI”), certain subsidiaries of the Company, as guarantors, the lenders party thereto (collectively, the “Lenders”) and DBFIP ANI LLC, as administrative agent and collateral agent

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Airspan Networks Holdings Inc. amended NPA Amendment with DBFIP ANI LLC (effective 2024-03-25).

Action: amendment
Agreement: notes offering
Counterparty: DBFIP ANI LLC
Effective: 2024-03-25

Exact text from the filing

On March 25, 2024, the Company also entered into Amendment No. 1 to Limited Waiver and Consent, Seventh Amendment to Senior Secured Convertible Note Purchase and Guarantee Agreement and Reaffirmation of Note Documents (the “NPA Amendment”) among the Company, ANI, certain subsidiaries of the Company, as guarantors, the purchasers party thereto (the “Purchasers”) and DBFIP ANI LLC, as the administrative and collateral agent and trustee

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Source: SEC EDGAR

accession 0001829126-24-001961

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