MediaCo Holding Inc. announced that it has entered into an amendment to its existing credit agreements. On April 17, 2024, the company obtained an initial term loan of $35.0 million and a delayed draw facility of up to $10.0 million. On September 10, 2024, an amendment provided for additional commitments to the delayed draw facility of $7.5 million, and certain terms of the agreement were changed. Concurrently, a waiver was obtained from the lenders to waive restrictions related to this new draw facility and other limitations. This financial activity signals a creation of new financial obligations for the company.
Names mentioned: - MediaCo Holding Inc. - White Hawk Capital Partners, LP - HPS Investment Partners, LLC - Ann Beemish (Chief Financial Officer)