Falcon's Beyond Global Enters New Agreements, Terminates Others

TL;DR

FBYD signed new deals, ditched old ones, and took on new debt. Big changes happening.

AI Summary

On October 18, 2024, Falcon's Beyond Global, Inc. entered into a material definitive agreement and simultaneously terminated another. The company also incurred a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the nature of these agreements and obligations were not fully disclosed in this initial filing.

Why It Matters

This filing indicates significant changes in Falcon's Beyond Global's contractual and financial obligations, which could impact its future operations and financial health.

Risk Assessment

Risk Level: medium — The filing indicates significant changes in material agreements and financial obligations, which introduces uncertainty about the company's future financial standing and operational strategy.

Key Players & Entities

• Falcon's Beyond Global, Inc. (company) — Registrant
• October 18, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — tered Class A common stock, par value $0.0001 per share FBYD The Nasdaq Stock Mar
• $11.50 — A common stock, at an exercise price of $11.50 per share FBYDW The Nasdaq Stock Ma
• $15 million — g line of credit in the amount of up to $15 million (the "Revolving Line of Credit"). An ag
• $8 million — egate principal amount of approximately $8 million has been borrowed and is outstanding un
• $14,764,768 — ed under the Katmandu Loan Agreement is $14,764,768.81, representing the amount of principa

Filing Documents

• ea0218499-8k_falcons.htm (8-K) — 34KB
• ea021849901ex10-1_falcons.htm (EX-10.1) — 15KB
• ea021849901ex10-2_falcons.htm (EX-10.2) — 41KB
• 0001213900-24-090416.txt ( ) — 322KB
• fbyd-20241018.xsd (EX-101.SCH) — 4KB
• fbyd-20241018_def.xml (EX-101.DEF) — 26KB
• fbyd-20241018_lab.xml (EX-101.LAB) — 36KB
• fbyd-20241018_pre.xml (EX-101.PRE) — 25KB
• ea0218499-8k_falcons_htm.xml (XML) — 6KB

01 Entry Into a Material Definitive

Item 1.01 Entry Into a Material Definitive Agreement The information in this Current Report on Form 8-K (this "Report") set forth under Item 2.03 is incorporated herein by reference.

02 Termination of a Material Definitive

Item 1.02 Termination of a Material Definitive Agreement The information in this Report with respect to the termination of the Prior Katmandu Loans set forth under Item 2.03 is incorporated herein by reference.

03 Creation of a Direct Financial Obligation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant Amended and Restated Credit Agreement On October 18, 2024, Falcon's Beyond Global, Inc. (the "Company"), through its wholly-owned subsidiary, Falcon's Beyond Global, LLC ("Falcon's OpCo") entered into an Amended and Restated Credit Agreement (the "Amended and Restated Credit Agreement"), effective as of September 30, 2024, between Falcon's OpCo and Infinite Acquisitions Partners LLC ("Infinite"), a greater than 10% shareholder of the Company. The Amended and Restated Credit Agreement amends and restates the credit agreement, dated December 30, 2021, entered into by and between Katmandu Collections LLLP, as predecessor in interest to Infinite, and Falcon's OpCo (the "Prior Credit Agreement"). Under the Amended and Restated Credit Agreement, Infinite provided a ten-year revolving line of credit in the amount of up to $15 million (the "Revolving Line of Credit"). An aggregate principal amount of approximately $8 million has been borrowed and is outstanding under the Revolving Line of Credit, representing the amount of principal and unpaid accrued interest outstanding under the Prior Credit Agreement. The Revolving Line of Credit is unsecured, bears simple interest on the unpaid principal balance at the rate equal to the three-month Secured Overnight Financing Rate (SOFR) on the first day of the applicable quarter plus 2.75% per year, payable quarterly, and will mature on September 30, 2034. Falcon's OpCo may, at its option, prepay any amounts due under the Amended and Restated Credit Agreement in whole or in part without penalty or premium. Katmandu Loan Agreement On October 18, 2024, the Company, through its indirect subsidiary, Katmandu Group, LLC ("Katmandu Group"), entered into a loan agreement (the "Katmandu Loan Agreement"), dated as of September 30, 2024, between Katmandu Group and Infinite. The Katmandu Loan Agreement terminates an

01. Financial

Item 9.01. Financial (d) Exhibits Exhibit Number Description 10.1* Amended and Restated Credit Agreement, effective as of September 30, 2024, by and between Falcons Beyond Global, LLC and Infinite Acquisitions Partners LLC. 10.2* Loan Agreement, dated as of September 30, 2024, entered into by and among Katmandu Group, LLC and Infinite Acquisitions Partners LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Company agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon its request. 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 24, 2024 FALCON'S BEYOND GLOBAL, INC. By: /s/ Bruce A. Brown Name: Bruce A. Brown Title: Chief Legal Officer & Corporate Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR