Reliance Global amends Oak Street credit agreement to apply $1.21 million SMI sale proceeds to term loan paydown

Reuters2026/09/11 13:38

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Reliance Global Group subsidiaries amended a master credit agreement with Oak Street Funding on Sept. 4, 2026, tied to a planned SMI sale.
The amendment lets 50% of sale proceeds be retained, replacing a prior requirement to use all proceeds for repayment.
About USD 1.21 million of proceeds must repay term loan Loan ID 121393; Oak Street will release SMI as a borrower.
Oak Street will also release liens on SMI assets once the loan paydown is received.
The amendment included a USD 15,000 fee, subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Global Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-042319), on September 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Reliance Global amends Oak Street credit agreement to apply $1.21 million SMI sale proceeds to term loan paydown

You may also like

Crypto prices