Innovate extends debt maturity to Dec. 31, 2026; ends $105M bridge loan
INNOVATE extended the maturity of its MSD Credit Agreement to December 31, 2026. It also executed an LLC agreement for HC2 Broadcasting JV governance and ended a $105M bridge loan as part of post-transaction steps.
INNOVATE said it took several post-transaction steps tied to the disposition of its Broadcasting segment and its capital structure. The company extended the maturity of its MSD Credit Agreement to December 31, 2026, which it said improves near-term liquidity. INNOVATE also executed a Limited Liability Company Agreement to gov…