Financing ·
Bright Mountain Media, Inc. entered into the Twenty-Seventh Amendment to its Amended and Restated Senior Secured…
BMTMBright Mountain Media, Inc.
Bright Mountain Media, Inc. entered into the Twenty-Seventh Amendment to its Amended and Restated Senior Secured Credit Agreement on June 30, 2026. The amendment defers a $840,000 quarterly installment for Second Out Loans from June 30, 2026, to December 20, 2026, and converts a $210,000 interest payment into a payable-in-kind arrangement. As consideration, the Company will issue 2,980,903 shares of common stock, representing 1.5% of the fully-diluted pro forma ownership, to Centre Lane Partners. Following this issuance, Centre Lane Partners and affiliates will hold approximately 28.8% of the common stock. The Credit Agreement matures on December 20, 2026, with approximately $93.2 million due at that time. Bright Mountain Media, Inc. is a media company.