Financings
Fluent amends credit agreement for extra $6M draw

FNT · Price
Executive Summary
- Fluent Corp. has amended its existing senior secured credit agreement to draw an additional $6 million in term loans.
- The new term loans carry a 13.00% paid-in-kind (PIK) interest rate and mature on December 31, 2026.
- Net proceeds from the amendment are intended for working capital and general corporate purposes.
Key Details
- Transaction Type: Amendment to Senior Secured Credit Agreement.
- Parties Involved: Fluent Corp., its Canadian and U.S. subsidiaries, lenders, and Chicago Atlantic Financial Services LLC (successor administrative agent to Chicago Atlantic Admin LLC).
- Original Agreement Date: November 26, 2024.
- Additional Draw: $6 million in term loans.
- Interest Rate: 13.00% per annum, paid-in-kind (PIK).
- Maturity Date: December 31, 2026.
- Use of Proceeds: Working capital and general corporate purposes.
- Documentation: Full text of the amendment is available on the company's SEDAR+ profile.
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