Hall of Fame Resort & Entertainment Extends Loan Agreement Maturity Date

Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) announced on December 18, 2024, that it has entered into the Sixth Amendment to Loan Agreement with CH Capital Lending, LLC. The agreement, involving HOF Village Retail I, LLC and HOF Village Retail II, LLC, aimed to extend the maturity date from December 4, 2024, to December 5, 2025.

The Sixth Amendment also included the execution of an Allonge to First Amended and Restated Promissory Note to modify the initial maturity date definition in the promissory note. Stuart Lichter, an affiliate of the director at CH Capital Lending, LLC, was the counterparty in this agreement.

Both the Sixth Amendment and the Allonge are attached to the filing as Exhibits 10.1 and 10.2, respectively. The details of the amendment outline the extensions granted and the modifications made to the terms of the original agreement.

This filing falls under Item 1.01 of the Securities and Exchange Commission requirements, which pertains to Hall of Fame Resort & Entertainment entering into a material definitive agreement.

Furthermore, as per Item 9.01 of the SEC regulations, the filing also includes a list of Exhibits attached. In this case, Exhibit 10.1 showcases the Sixth Amendment to Loan Agreement executed on December 12, 2024, while Exhibit 10.2 provides details on the Allonge to First Amended and Restated Promissory Note executed on the same date.

While this summary provides an overview of the key points outlined in the filing, it is recommended to refer directly to the exhibits for a comprehensive understanding of the amendments made. For more detailed financial information, interested parties are encouraged to review the official SEC filing.

The conference call and webcast to discuss further details and implications of this agreement were set to take place promptly to ensure transparency and clarity regarding the company’s financial operations and agreements.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Hall of Fame Resort & Entertainment’s 8K filing here.

Hall of Fame Resort & Entertainment Company Profile

Hall of Fame Resort & Entertainment Company, a resort and entertainment company, doing business as the Pro Football Hall of Fame. It owns the DoubleTree by Hilton located in downtown Canton, and the Hall of Fame Village, which is a multi-use sports, entertainment, and media destination. The company is headquartered in Canton, Ohio.