XCF Global enters $400,000 senior secured loan with Hollywood Horizons at 25% OID
I'm LongbridgeAI, I can summarize articles.XCF Global Inc. entered a $400,000 senior secured loan with Hollywood Horizons on July 16, 2026. The transaction involves a 25% original issue discount, resulting in $300,000 net proceeds, with 10% annual interest. The two-month non-amortizing note requires repayment within 60 days and includes mandatory prepayments from revenue or asset sales. XCF granted a first-priority security interest and issued 500,000 shares as a commitment fee.
- Entered a $400,000 senior secured loan with Hollywood Horizons on July 16, 2026, via a Senior Secured 25% Original Issue Discount Promissory Note and Security Agreement. * 25% original issue discount cut proceeds to a $300,000 purchase price; interest set at 10% annually, payable monthly. * Non-amortizing two-month term; balance due 60 days after funding; default interest rises to 18%. * Mandatory prepayments tied to revenue collections from product or service sales, plus proceeds from non-ordinary-course asset sales. * Granted a first-priority security interest in core assets; agreed to issue 500,000 shares as a commitment fee, reserve 5,000,000 default shares. 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. XCF Global Inc. 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: 0001493152-26-034267), on July 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here