UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
Amendment No. 1 to the Amended and Restated Credit Agreement
On March 26, 2024, Bitcoin Depot Operating LLC, a Delaware limited liability company (“BT OpCo”) and BT HoldCo LLC, a Delaware limited liability company (“BT HoldCo”) entered into that certain Amendment No. 1 (the “Amendment”) to the Amended and Restated Credit Agreement, dated June 23, 2023 (the “Credit Agreement”) with the Lenders (as defined in the Credit Agreement). The Amendment, among other things, provides for an additional Tranche B Term Loan (the “Tranche B Term Loan”) to BT OpCo in an aggregate principal amount of $15,700,000. Pursuant to the Amendment, BT OpCo borrowed the Tranche B Term Loan on the same terms as the existing term loan under the Credit Agreement, with a Maturity Date of June 23, 2026 (the “Maturity Date”) and interest bearing at a rate of 17.0% per annum.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by the terms and conditions of the Amended and Restated Credit Agreement filed as Exhibit 10.1 hereto and incorporated by reference herein.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant. |
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Bitcoin Depot Inc. | ||||||
| Dated: March 29, 2024 | By: | /s/ Brandon Mintz | ||||
| Name: | Brandon Mintz | |||||
| Title: | President and Chief Executive Officer | |||||
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