---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-002444"
form_type: "8-K"
ticker: null
cik: "0001823882"
company_name: "Airspan Networks Holdings Inc."
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:32:29.929919+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Airspan enters $53.8M DIP credit facility in Chapter 11; new money of $7.5M plus $9M delayed draw

## Summary
- Total DIP facility of $53.8M: $7.5M initial new money, $9.0M delayed draw, $37.3M roll-up of prepetition debt.
- DIP loan bears interest at Base Rate + 10% or Adjusted Term SOFR + 11%; interest payable in kind.
- Maturity date of October 8, 2024; facility secured by substantially all assets of debtor entities.
- Company filed Chapter 11 on March 31, 2024; DIP financing approved by Bankruptcy Court on April 8, 2024.
- Administrative agent and collateral agent is DBFIP ANI LLC, an affiliate of existing prepetition lender Fortress.

## SEC filing metadata
- accession: 0001829126-24-002444
- form_type: 8-K
- cik: 0001823882
- company_name: Airspan Networks Holdings Inc.
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 1.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823882/000182912624002444/0001829126-24-002444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823882/000182912624002444/airspannetworks_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-002444
- JSON: https://secwatch.observer/filing/0001829126-24-002444.json
- Plain text: https://secwatch.observer/filing/0001829126-24-002444.txt

## Key facts
- Distress & Bankruptcy
  Airspan Networks Holdings Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-03-31).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2024-03-31
  source text: on March 31, 2024 , Airspan Networks Holdings Inc. (the “Company”) and certain of its subsidiaries (collectively, the “Debtors”) filed voluntary petitions (the “Chapter 11 Cases”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) seeking relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823882/000182912624002444/0001829126-24-002444-index.htm
- Material Agreements
  Airspan Networks Holdings Inc. entered into DIP Credit Agreement with DBFIP ANI LLC valued at original principal amount of $53,848,837 (effective 2024-04-08).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: DBFIP ANI LLC
  - Value: original principal amount of $53,848,837
  - Effective: 2024-04-08
  source text: the Debtors entered into a Senior Secured Superpriority Debtor-in-Possession Term Loan Credit Agreement, dated April 8, 2024 (the “DIP Credit Agreement”), with DBFIP ANI LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823882/000182912624002444/0001829126-24-002444-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.