Boxlight entered into the Eleventh Amendment to its senior secured credit agreement with Whitehawk Finance, with Whitehawk Capital Partners as agent. The amendment extends the loan maturity to Apr 1, 2027, suspends quarterly amortization until Jun 30, 2026, and adjusts interest benchmarks and covenants. It adds a minimum adjusted EBITDA test beginning with the period ending Mar 31, 2026, modifies mandatory prepayments from capital events, and allows limited over-advance levels. The company has approximately $32.2 million outstanding under the facility and expects the amendment to enhance liquidity and flexibility.
Agreement details:
- Agreement type: Eleventh Amendment to senior secured credit agreement
- Counterparty: Whitehawk Finance; Whitehawk Capital Partners as agent
- Signed / Effective: Dec 18 2025 / Jan 31 2026
- Duration / Termination: Through Apr 1 2027
- Reason: Extend maturity and improve liquidity and covenant flexibility
Original SEC Filing: Boxlight Corp [ BOXL ] – 8-K – Dec. 29, 2025
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.