Bright Mountain Media amends Centre Lane senior secured credit agreement, defers $840,000 loan installment
BRIGHT MOUNTAIN MEDIA INC BMTM | 0.00 |
- Bright Mountain Media entered a 27th amendment to its senior secured credit agreement with Centre Lane Partners, effective June 29, 2026.
- Deferred a $840,000 quarterly Second Out Loans amortization payment from June 30, 2026 to Dec. 20, 2026.
- Shifted $210,000 of Second Out Loans interest due June 30, 2026 to payment-in-kind, replacing a cash payment.
- Agreed to issue 2,980,903 common shares to Centre Lane Partners, equal to 1.5% fully diluted pro forma ownership; stake rises to about 28.8%.
- About $1.7 million due Sept. 30, 2026; about $93.2 million due Dec. 20, 2026, the credit agreement’s maturity date.
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