PhenixFIN Issues 5.25% Notes Due 2028

TL;DR

**PhenixFIN just issued new 5.25% notes due 2028, adding to their financial obligations.**

AI Summary

PhenixFIN Corp (PFX) entered into a material definitive agreement and created a direct financial obligation on February 21, 2024. This involved the issuance of 5.25% Notes due 2028, as reported in their 8-K filing. The company, formerly known as Medley Capital Corp, is based in New York.

Why It Matters

This filing indicates PhenixFIN Corp is taking on new debt, which could impact its financial leverage and future interest expenses, affecting its profitability and investment capacity.

Risk Assessment

Risk Level: medium — The creation of a direct financial obligation increases the company's debt burden, which can elevate financial risk if not managed effectively.

Key Numbers

• 5.25% — Interest Rate (Rate for new notes due 2028)
• 2028 — Maturity Year (Maturity year for the new 5.25% Notes)

Key Players & Entities

• PhenixFIN Corp (company) — Registrant
• Medley Capital Corp (company) — Former company name of PhenixFIN Corp
• February 21, 2024 (date) — Date of earliest event reported
• 5.25% (dollar_amount) — Interest rate of notes
• 2028 (date) — Maturity year of notes

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share PFX The NASDAQ Global Mar
• $50.0 million — the "Company") is party to a three-year $50.0 million revolving credit facility (the "Credit
• $12.5 million — available under the Credit Facility by $12.5 million to $62.5 million. All other material te
• $62.5 million — the Credit Facility by $12.5 million to $62.5 million. All other material terms of the Credit

Filing Documents

• ea0200363-8k_phenixfin.htm (8-K) — 36KB
• 0001213900-24-015766.txt ( ) — 247KB
• pfx-20240221.xsd (EX-101.SCH) — 4KB
• pfx-20240221_def.xml (EX-101.DEF) — 26KB
• pfx-20240221_lab.xml (EX-101.LAB) — 36KB
• pfx-20240221_pre.xml (EX-101.PRE) — 25KB
• ea0200363-8k_phenixfin_htm.xml (XML) — 5KB

01

Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed, PhenixFIN Corporation (the "Company") is party to a three-year $50.0 million revolving credit facility (the "Credit Facility"), dated as of December 15, 2022, by and among the Company, the Company's wholly owned subsidiaries, Woodforest National Bank, as lender and administrative agent, and Valley National Bank and Axiom Bank as lenders. On February 21, 2024 (the "Effective Date"), in order to increase the size of the Credit Facility, the parties to the Credit Facility amended the terms of the Credit Facility, effective as of the Effective Date (the "Amendment"). The Amendment increased the principal amount of loan available under the Credit Facility by $12.5 million to $62.5 million. All other material terms of the Credit Facility remain unchanged.

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information provided in Item 1.01 is incorporated herein by reference. Reference is also made to the Company's Form 10-K, dated December 16, 2022, for a description of the terms of the Credit Facility. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, PhenixFIN Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DATE: February 21, 2024 PHENIXFIN CORPORATION /s/ David Lorber Name: David Lorber Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR