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Beedie Investments Ltd. has announced significant changes to its investment in Enthusiast Gaming Holdings Inc. (EGLXF) through a forbearance and supplemental credit agreement dated July 9, 2025. The transaction includes a new $2 million non-revolving term loan with a 16% annual interest rate and amendments to an existing $20 million credit facility.
Key terms include PIK Interest at 8% per annum and cash interest at 8% per annum, with the rate reducing to 14% from April 1, 2026. The agreement includes the issuance of 5,930,113 new warrants to Beedie Capital and amendments to 36,574,074 existing warrants, all with an exercise price of $0.083. Post-transaction, Beedie's potential ownership could reach 21.08% of Enthusiast Gaming's common shares if all warrants are exercised.
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