FiscalNote Holdings, Inc. announced on August 12, 2025, the closing of its previously announced series of transactions to refinance its senior debt and restructure substantially all of its subordinated debt. This balance sheet realignment provides the company with a clear, long-term runway and increased operating flexibility.
The refinancing included replacing the prior senior term loan with a new $75 million 2025 Senior Term Loan, maturing in August 2029, provided by MGG Investment Group. The company also partially redeemed the GPO Convertible Note and exchanged the remaining balance for a new 2025 GPO Note maturing in November 2029.
The Amended Legacy Notes were fully retired with a $3.6 million cash payment, and FiscalNote issued an initial tranche of convertible debentures. Due to the timing of these transactions, the company plans to file a Form 12b-25 to extend the filing deadline for its Q2 2025 Form 10-Q to August 18, to finalize additional disclosures.
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