Master Note Purchase Agreement
Signed Sep 3, 2026
- Committed
- $150m
- Matures
- Sep 2032
- Agent
- Not stated
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| 7.60% Series 2026A Senior Notes | $150m | Sep 2032 | n/a |
$400m committed across 2 active facilities, next covenant test Sep 30, 2026. OTF
Equity cure available.
The Company will not permit the Obligors’ Net Worth at the last day of any fiscal quarter of the Company to be less than $4,943,000,000 plus 25% of the net cash proceeds of the sale of Equity Interests by the Company after June 16, 2026 ... less the aggregate amount paid in cash for Equity Interests redeemed, bought back or purchased by the Company after June 16, 2026.Read the filing on sec.gov ↗
Equity cure available.
The Company will not permit the Asset Coverage Ratio to be less than 1.50:1.00.Read the filing on sec.gov ↗
“Overcollateralization Ratio Test” means a test satisfied on any Measurement Date if the Overcollateralization Ratio equals or exceeds 180.0%.Read the filing on sec.gov ↗
“Interest Coverage Ratio Test” means a test satisfied on any Measurement Date following the second Quarterly Payment Date if the Interest Coverage Ratio is greater than or equal to 120.00% on such date.Read the filing on sec.gov ↗
Signed Sep 3, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| 7.60% Series 2026A Senior Notes | $150m | Sep 2032 | n/a |
Signed Aug 14, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $250m | Aug 2036 | 225 bps |
| Term Loan A | $0 | Aug 2036 | 225 bps |
Priced over Term SOFR, floor 0 bps (Revolving credit facility, Term Loan A).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level all times | all times | 225 bps | n/a |
Lenders: Bleachers Finance 1 Ltd., Natixis, New York Branch
No amendments on file yet.
Email [email protected].