On June 5, 2024 Hall of Fame Resort & Entertainment Company entered into a First Amendment to Business Loan Agreement and a Promissory Note Modification Agreement with the City of Canton, Ohio (?Lender?). Pursuant to the First Amendment, which modifies the original instrument dated September 15, 2022, the parties agreed: (i) to modify the original maturity date from June 30, 2029 to July 1, 2046; and (ii) pursuant to the Note Modification, Borrower shall repay as follows (a) no interest shall accrue for two years, from May 28, 2024 through June 30, 2026, (b) commencing on July 1, 2026, the outstanding principal balance will bear interest at the reduced rate of 5% per annum, compounded quarterly, and (c) commencing on October 1, 2026 and continuing quarterly thereafter on the first day of January, April, July and October of each year thereafter, Borrower shall pay quarterly principal and interest payments until the maturity date when all other amounts due and owing to Lender will be due.
Hall of Fame Resort & Entertainment Company
Equities
HOFV
US40619L2016
Hotels, Motels & Cruise Lines
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5-day change | 1st Jan Change | ||
2.89 USD | -4.30% | -3.67% | -11.08% |
EPS Revisions
1st Jan change | Capi. | |
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-11.08% | 18.86M | |
+32.70% | 7.3B | |
+25.41% | 1.17B | |
+11.23% | 1.15B | |
-4.28% | 1.1B | |
-33.26% | 758M | |
-36.79% | 565M | |
-3.81% | 246M | |
-9.52% | 207M | |
+7.89% | 177M |
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