Loan & DebtJun 16, 2026, 04:12 PM
FiscalNote gets $2M debt payment waived until maturity
AI Summary
FiscalNote Holdings, Inc. secured a waiver from GPO FN Noteholder, LLC for a $2.0 million principal amortization installment originally due on July 1, 2026. This payment will now be deferred until the Note's Maturity Date in November 2029. Concurrently, the company is actively evaluating strategic options and engaging with its senior and subordinated lenders to renegotiate or amend existing debt obligations, with the assistance of an external financial advisor.
Key Highlights
- FiscalNote received a waiver for a $2.0 million principal amortization installment due July 1, 2026.
- The waived $2.0 million payment will now be due on the Note's Maturity Date of November 13, 2029.
- The company is evaluating strategic value-maximizing options, including renegotiating existing obligations.
- FiscalNote is engaging with senior and subordinated lenders to amend or renegotiate debt.
- An external financial advisor has been engaged to facilitate discussions with lenders.
- Discussions may include amendments, maturity extensions, and liability management transactions.
Price Impact
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