Loan & DebtMay 27, 2026, 04:47 PM
LM Funding America Extends $11M Loan to August 28, 2026
AI Summary
LM Funding America, Inc. announced a further extension of its $11 million loan facility with Galaxy Digital LLC. The loan, initially due in January 2026 and previously extended to June 2026, has now been extended to August 28, 2026. This was accomplished by borrowing a new $11 million loan under the existing Master Digital Currency Loan Agreement to repay the then-existing loan, with the new loan remaining secured by the Company's Bitcoin collateral.
Key Highlights
- LM Funding America extended an $11 million loan from Galaxy Digital LLC.
- The loan, originally due January 30, 2026, was previously extended to June 26, 2026.
- The Company further extended the loan to August 28, 2026.
- The extension was achieved by borrowing a new $11 million loan to pay off the existing one.
- The loan is secured by Bitcoin collateral owned by the Company.
Price Impact
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