MediaCo Holding Inc. filed a Form 8-K on November 6, 2026, disclosing that it entered into a Third Amendment to its First Lien Term Loan Credit Agreement on November 2, 2026, extending the maturity date of its Delayed Draw Term Loans and acknowledging existing defaults.

Key Highlights

  • Third Amendment signed: MediaCo entered into the Third Amendment to its First Lien Term Loan Credit Agreement, originally dated April 17, 2024, on November 2, 2026.
  • Maturity extended: The maturity date of the Delayed Draw Term Loans was extended from October 31, 2026, to the earliest of November 30, 2026, or other specified triggering conditions.
  • Defaults acknowledged: The administrative agent acknowledged that "certain Defaults and/or Events of Default have occurred and are continuing" under the Credit Agreement.
  • Rights reserved: The agent and lenders reserved all of their rights and remedies under the Credit Agreement and related loan documents.
  • Obligations reaffirmed: The company and other loan parties reaffirmed their obligations and the security interests granted, and released the agent and lenders from known claims arising on or before the amendment date.
  • Agent: WhiteHawk Capital Partners LP serves as administrative agent and collateral agent under the Credit Agreement.

MediaCo's Third Loan Amendment: Default Acknowledgment and Maturity Extension

According to the filing, MediaCo Holding Inc. (NASDAQ:MDIA) executed the Third Amendment to its First Lien Term Loan Credit Agreement on November 2, 2026. The Credit Agreement was originally dated April 17, 2024, and involves the company and certain subsidiaries as borrowers, WhiteHawk Capital Partners LP as administrative agent and collateral agent, and a group of lenders. The primary effect of the Third Amendment is to push the maturity date of the Delayed Draw Term Loans from October 31, 2026, to the earliest of three possible dates.

As described in the filing, the new maturity is the earliest of: (a) November 30, 2026; (b) the date on which maturity of the Delayed Draw Term Loans is accelerated or deemed accelerated; or (c) the date that is ninety-one (91) days prior to the maturity date of any indebtedness incurred and outstanding in excess of the threshold amount specified in the Credit Agreement. The filing does not specify the exact threshold amount.

The filing further discloses that in connection with the Third Amendment, the agent acknowledged that certain Defaults and/or Events of Default, as defined in the Credit Agreement, "have occurred and are continuing," and that the agent and lenders reserved all rights and remedies. The company and loan parties reaffirmed their obligations and security interests, and released the agent and lenders from known claims arising on or before November 2, 2026. The company stated it expects to file the full text of the Third Amendment as an exhibit to its Annual Report on Form 10-K for the fiscal year ending December 31, 2026. The 8-K was signed by Roberto Castro, Interim Chief Financial Officer and Treasurer.

What Was Disclosed

MediaCo Holding Inc. disclosed the execution of a Third Amendment to its First Lien Term Loan Credit Agreement, extending the Delayed Draw Term Loan maturity to no later than November 30, 2026, while the administrative agent acknowledged existing defaults and reserved all lender rights and remedies.