Mediaco Holding Inc. Reports Material Definitive Agreement

TL;DR

Mediaco Holding Inc. just signed a big deal creating a new financial obligation.

AI Summary

Mediaco Holding Inc. entered into a material definitive agreement on September 10, 2024, which also created a direct financial obligation for the registrant. The filing was made on September 16, 2024, and pertains to the company's financial obligations and exhibits.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Mediaco Holding Inc., which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial risks and uncertainties for a company.

Key Players & Entities

• Mediaco Holding Inc. (company) — Registrant
• September 10, 2024 (date) — Date of earliest event reported
• September 16, 2024 (date) — Date of report
• 48 West 25th Street, Third Floor (address) — Principal executive offices
• New York (location) — City of principal executive offices
• 10010 (zip_code) — Zip code of principal executive offices

FAQ

Key Financial Figures

• $0.01 — stered Class A Common Stock, par value $0.01 per share MDIA Nasdaq Capital Marke
• $45.0 million — ect subsidiaries entered into a maximum $45.0 million first lien term loan credit facility (t
• $35.0 million — ediaCo received an initial term loan of $35.0 million on April 17, 2024 (the " Initial Loan "
• $10.0 million — bsequent delayed draw facility of up to $10.0 million that may be provided for additional wor
• $7.5 million — existing delayed draw facility of up to $7.5 million subject to the terms and conditions set
• $30.0 million — ect subsidiaries entered into a maximum $30.0 million second lien term loan credit facility (

Filing Documents

• ef20035901_8k.htm (8-K) — 40KB
• ef20035901_ex10-1.htm (EX-10.1) — 975KB
• ef20035901_ex10-2.htm (EX-10.2) — 83KB
• 0001140361-24-041177.txt ( ) — 1452KB
• mdia-20240910.xsd (EX-101.SCH) — 4KB
• mdia-20240910_lab.xml (EX-101.LAB) — 22KB
• mdia-20240910_pre.xml (EX-101.PRE) — 16KB
• ef20035901_8k_htm.xml (XML) — 4KB

01

Item 1.01. Entry into a Material Definitive Agreement. Amendment to Existing First Lien Credit Agreement On April 17, 2024, MediaCo Holding Inc., an Indiana corporation (" MediaCo "), and its direct and indirect subsidiaries entered into a maximum $45.0 million first lien term loan credit facility (the " Existing First Lien Credit Agreement "; the Existing First Lien Credit Agreement, as amended by the First Amendment (as defined below), the " First Lien Credit Agreement "), with White Hawk Capital Partners, LP, as term agent thereunder (the " Term Agent "), and the lenders party thereto. Under the terms of the Existing First Lien Credit Agreement, MediaCo received an initial term loan of $35.0 million on April 17, 2024 (the " Initial Loan ") and was provided with a subsequent delayed draw facility of up to $10.0 million that may be provided for additional working capital purposes under certain conditions. On September 10, 2024, MediaCo and its direct and indirect subsidiaries entered into an amendment to the Existing First Lien Credit Agreement (the " First Amendment "), with the Term Agent and the lenders party thereto, to amend the terms of the Existing First Lien Credit Agreement, to, among other things, (x) provide additional commitments to the existing delayed draw facility of up to $7.5 million subject to the terms and conditions set forth in the First Lien Credit Agreement (the " First Amendment Delayed Draw Term Facility ") and (y) make certain other changes to the Existing First Lien Credit Agreement as set forth in the First Amendment. The foregoing description of the First Lien Credit Agreement is only a summary, does not purport to be complete and is qualified in its entirety by reference to the full text of the First Lien Credit Agreement, which is attached as Exhibit 10.1 to this report and incorporated by reference herein. Waiver to Existing Second Lien Credit Agreement On April 17, 2024, MediaCo and its direct and indirect subsidiaries ente

03

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth with respect to the First Lien Term Loan in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1* First Amendment and Limited Consent to Credit Agreement dated as of September 10, 2024, between MediaCo Holding Inc., as Borrower, the financial institutions party thereto as lenders and WhiteHawk Capital Partners LP as Term Agent. 10.2* Limited Consent to Credit Agreement dated as of September 10, 2024, between MediaCo Holding Inc., as Borrower, the financial institutions party thereto as lenders and HPS Investment Partners, LLC, as Term Agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Annexes, schedules and/or exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted attachment to the SEC upon request.

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. MEDIACO HOLDING INC. September 16, 2024 By: /s/ Ann Beemish Name: Ann Beemish Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR