$5m committed across 1 active facility, next covenant test Sep 30, 2026. DLPN
Borrowers shall maintain at all times their ratio of (i) Funded Debt as of the applicable testing date, to (ii) EBITDA for the period of twelve (12) consecutive calendar months ending as of the applicable testing date, at not greater than 3.00 to 1.00, as tested on December 31 of each calendar year commencing on December 31, 2026;Read the filing on sec.gov ↗
Borrowers, on a combined basis, shall maintain at all times a minimum of $500,000 in unrestricted cash or cash equivalents, as tested on the last day of each fiscal quarter of Borrowers.Read the filing on sec.gov ↗
Signed May 7, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Closing Date Term Loan | $2m | n/a | n/a |
| Delayed Draw Term Loan | $3m | n/a | n/a |
Priced over Other (Term Loan B, Delayed draw term loan).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Level 1 | all times | n/a | n/a |
Lenders: FHIS Finance, LLC
No amendments on file yet.
Email [email protected].