Newton Golf secures USD 5 million revolving credit facility from Brynnwood
I'm LongbridgeAI, I can summarize articles.Newton Golf secured a USD 5 million senior secured revolving credit facility from Brynnwood, effective July 1, 2026. The facility matures on July 1, 2028, with pricing at Daily Simple SOFR plus 13%. Borrowings are secured by a first-priority lien on substantially all assets, and Newton paid a one-time 2% commitment fee.
- Newton Golf entered a senior secured revolving credit facility with Brynnwood for up to USD 5 million, effective July 1, 2026. * Facility matures July 1, 2028; availability ends one month earlier; minimum advance USD 200,000. * Pricing set at Daily Simple SOFR + 13%; default rate 22%; interest payable semi-annually in arrears. * Paid a one-time 2% commitment fee; borrowings secured by a first-priority lien on substantially all assets. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newton Golf Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-032498), on July 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here
