Hall of Fame Resort & Entertainment Co. Secures $10 Million Facility with CH Capital Lending through Sixth Amendment to Existing Agreement

Reuters
20 May
Hall of Fame Resort & Entertainment Co. Secures $10 Million Facility with CH Capital Lending through Sixth Amendment to Existing Agreement

Hall of Fame Resort & Entertainment Company, along with its subsidiaries, has entered into a Sixth Amendment to their Note and Security Agreement with CH Capital Lending, LLC. This amendment, signed on May 13, 2025, increases the available facility amount from $8 million to $10 million, providing the company an additional $2 million for general corporate purposes, subject to certain restrictions. The agreement also extends the facility's maturity date to September 30, 2025, and sets forth distinct processes for payroll-related and other advancement requests. Additionally, it outlines the use of good faith efforts by the Company and CHCL to achieve milestones for any potential take private transaction, including developing an analysis of the Borrower's estimated weekly working capital requirements from May 1 to July 31, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hall of Fame Resort & Entertainment Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-045397), on May 19, 2025, and is solely responsible for the information contained therein.

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