Splash Beverage to Settle $2.83M Loan Obligations
Splash Beverage Group, Inc. entered into a letter agreement with Decathlon Alpha IV, L.P., the lender under its Revenue Loan and Security Agreement dated December 24, 2020.
Rhea-AI Filing Summary
Splash Beverage Group, Inc. entered into a letter agreement with Decathlon Alpha IV, L.P., the lender under its Revenue Loan and Security Agreement dated December 24, 2020. The parties agreed that Splash may satisfy outstanding obligations of $2,834,689 under that loan by paying $301,800.55 on or before August 31, 2026.
Upon the lender’s receipt of this payment by that date, Splash will be irrevocably and unconditionally released and discharged from all obligations and claims arising out of the loan, including the remaining outstanding balance, fees, damages, costs, and expenses.
Positive
- Company can extinguish $2,834,689 of loan obligations via a single payment of $301,800.55, materially reducing debt if completed.
- Successful payment by August 31, 2026 triggers a full release from all claims and liabilities under the Revenue Loan and Security Agreement.
Negative
- None.
8-K Event Classification
Item 1.01 — Entry into a Material Definitive Agreement
1 item
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Key Figures
Outstanding loan obligations: $2,834,689
Settlement payment: $301,800.55
Settlement payment deadline: August 31, 2026
+2 more
5 metrics
Outstanding loan obligations
$2,834,689
Total obligations under the Revenue Loan and Security Agreement
Settlement payment
$301,800.55
Amount payable to satisfy all obligations under the loan
Settlement payment deadline
August 31, 2026
Date by which the $301,800.55 must be paid
Original loan agreement date
December 24, 2020
Date of the Revenue Loan and Security Agreement
Form type
8-K
Current report describing entry into a material definitive agreement
Key Terms
Material Definitive Agreement, Revenue Loan and Security Agreement, released and discharged, outstanding obligations
4 terms
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Revenue Loan and Security Agreement financial
"the lender under that certain Revenue Loan and Security Agreement dated December 24, 2020"
released and discharged regulatory
"will be forever irrevocably and unconditionally released and discharged from any and all of its obligations"
outstanding obligations financial
"may satisfy its outstanding obligations under the Loan Agreement totaling $2,834,689"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What agreement did Splash Beverage Group (SBEV) enter on July 10, 2026?
Splash Beverage Group entered a letter agreement with Decathlon Alpha IV, L.P. allowing it to satisfy obligations under a Revenue Loan and Security Agreement through a reduced payment by August 31, 2026.
How much debt can SBEV settle under the new agreement?
Splash Beverage Group may satisfy $2,834,689 of outstanding obligations under its Revenue Loan and Security Agreement by making a single payment of $301,800.55 to Decathlon Alpha IV, L.P.
What payment must Splash Beverage Group (SBEV) make and by when?
Splash Beverage Group must pay $301,800.55 to Decathlon Alpha IV, L.P. on or before August 31, 2026 to satisfy its obligations under the Revenue Loan and Security Agreement.
What happens to SBEV’s loan obligations if the settlement payment is made?
If Splash Beverage Group pays $301,800.55 by August 31, 2026, it will be irrevocably and unconditionally released and discharged from all obligations, claims, and indebtedness under the Revenue Loan and Security Agreement.
Who is the lender in Splash Beverage Group’s (SBEV) settlement agreement?
The lender is Decathlon Alpha IV, L.P., the counterparty to Splash Beverage Group’s Revenue Loan and Security Agreement dated December 24, 2020, as amended.
AI-generated analysis. How Rhea-AI works. Not financial advice.
