Hall of Fame Resort & Entertainment Co. (NASDAQ:HOFV) has successfully negotiated an extension of its loan maturity date with CH Capital Lending, LLC, the company disclosed in a recent SEC filing.
The amendment to the loan agreement, effective as of December 12, 2024, extends the maturity date from December 4, 2024, to December 5, 2025.
The agreement involves the company's subsidiaries, HOF Village Retail I, LLC, and HOF Village Retail II, LLC, collectively referred to as "Retail." The extension was facilitated by an Allonge to the First Amended and Restated Promissory Note, which modifies the initial maturity date definition in the promissory note.
CH Capital Lending, LLC, the lender, is an affiliate of Stuart Lichter, who serves as a director for Hall of Fame Resort & Entertainment Co.
The extended loan terms provide Hall of Fame Resort & Entertainment Co. with additional time to manage its financial obligations. The company, based in Canton, Ohio, operates in the miscellaneous amusement and recreation services industry, under the SIC code 7990.
The news above is based on an SEC filing.
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