Company: BCG
Filing Date: 2025-09-03
Form Type: POS AM
Source: 0001410578-25-001926
Chunk: 169

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-03
Form: POS AM
Chunk 169
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 Term Loan refinanced the previous Oak Street Funding Facility.

F-17

| 6. | DEBT (continued) |

The Credit Agreement also includes customary covenants for a transaction of this type, including financial covenants whereby BMS and its subsidiaries on a consolidated basis may not have, as of the last day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2025, (1) a fixed charge coverage ratio as of the last day of the fiscal quarter for the twelve (12) month period then ended of not less than1.20to 1.00; (ii) a senior net leverage ratio as of the last day of such Fiscal Quarter for the twelve (12) month period then ended, of (A) for the fiscal quarter ended March 31, 2025 and each fiscal quarter through and including September 30, 2025, not more than3.00to 1.00; and (B) for the fiscal quarter ended December 31, 2025 and each fiscal quarter ending thereafter, not more than2.75to 1.00; or (iii) an annualized revenue received from custodians of at least$ 18.0million.

The minimum calendar maturities of the Term Loan as of June 30, 2025, are as follows(in thousands):

| ​    | ​ | ​ |      ​ |
|:-----|:--|:--|-------:|
| 2025 |   | $ |  1,015 |
| 2026 | ​ |   |  2,030 |
| 2027 | ​ |   |  3,045 |
| 2028 | ​ |   |  3,045 |
| 2029 | ​ | ​ | 10,150 |
| ​    | ​ | $ | 19,285 |

| 7. | PROMISSORY NOTES – AFFILIATES |

On November 30, 2017, WMS issued subordinated promissory notes in the aggregate principal amount of approximately$ 3.6million to certain sellers in connection with the acquisition of the PKSH Entities. These notes had a maturity date of May 17, 2023 and accrued interest at a rate of10%annually. The interest on these notes continued to accrue until such time as these notes were paid.

Additionally, in connection with the acquisition of the PKSH Entities, the Company agreed to