Arena Group, noteholder enter forbearance over missed interest payment

By Wendy Van Sickle

Columbus, Ohio, Jan. 5 – Arena Group Holdings, Inc. and Renew Group Private Ltd. as holder of Arena’s $110,691,000 of notes issued in December 2022 entered on Friday into a forbearance period through March 29, according to an 8-K filing with the Securities and Exchange Commission.

The forbearance relates to Arena’s failure to make the $2,797,000 interest payment due on the notes on Dec. 29.

The company and the noteholder are in discussions to restructure and/or amend the notes.

The forbearance period is subject to Arena retaining a third-party financial restructuring firm.

Arena Group is a tech-powered media company that is based in New York.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.