6.00% Senior Secured PIK Toggle Notes due 2028
Note · Better Home & Finance Holding Company
Reference: 6.00% Senior Secured PIK Toggle Notes due 2028
- Original principal
- USD 155,000,000
- Outstanding
- —
- Commitment
- —
- Availability
- —
- Maturity
- —
Last reported interest terms: 6% Reported 2025-04-28 Later filings may not restate these terms; this does not confirm they still apply.
Verified covenant terms
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Section 6.08 · Collection Suit by Trustee
the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount of principal of, premium on, if any, and interest, if any, remaining unpaid on the Notes
Applies to every series under this agreement Section 6.08. Collection Suit by Trustee.
Full wording and supporting evidence
Source evidence: Section 6.08. Collection Suit by Trustee. If an Event of Default specified in Section 6.01(a)(1) or Section 6.01(a)(2) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount of principal of, premium on, if any, and interest, if any, remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.
Target identity evidence: INDENTURE, dated as of April 28, 2025, among Better Home & Finance Holding Company, a Delaware corporation (the “Issuer”), the Guarantors (as defined herein) and GLAS Trust Company LLC, as trustee (in such capacity, the “Trustee”) and collateral agent (in such capacity, the “Notes Collateral Agent”).
Target identity evidence: WHEREAS, the Issuer has duly authorized the creation and issuance of $155,000,000 aggregate principal amount of 6.00% Senior Secured PIK Toggle Notes due 2028 (the “Initial Notes”); and
Target identity evidence: WHEREAS, the Issuer may issue PIK Notes (as defined herein) and Additional Notes (as defined herein) from time to time after the Issue Date pursuant to this Indenture (such PIK Notes and Additional Notes, collectively with the Initial Notes, the “Notes”);
Documents and filing history
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Issuance
· 2025-04-28
Original principal USD 155,000,000 Exact source document
Parent 8-K filing · 2025-04-28
WHEREAS, the Issuer has duly authorized the creation and issuance of $155,000,000 aggregate principal amount of 6.00% Senior Secured PIK Toggle Notes due 2028 (the “Initial Notes”); and
Issuer evidence: INDENTURE, dated as of April 28, 2025, among Better Home & Finance Holding Company, a Delaware corporation (the “Issuer”), the Guarantors (as defined herein) and GLAS Trust Company LLC, as trustee (in such capacity, the “Trustee”) and collateral agent (in such capacity, the “Notes Collateral Agent”).
Supporting evidence: WHEREAS, the Issuer has duly authorized the creation and issuance of $155,000,000 aggregate principal amount of 6.00% Senior Secured PIK Toggle Notes due 2028 (the “Initial Notes”); and