Business
American Rebel (NASDAQ: AREB) Announces Fully Resolved Bank of America (“BofA”) Default, Eliminates Risk, and Secures Long-Term Financing Flexibility with Streeterville Capital LLC
Recently executed corporate actions and transactions including full payment to Bank of America have eliminated legal risk and strengthened the balance sheet.
About this update from American Rebel Holdings, Inc.
[{"type":"text","content":"Recently executed corporate actions and transactions including full payment to Bank of America have eliminated legal risk and strengthened the balance sheet. American Rebel builds on strategic relationship with Streeterville Capital — completing multiple transactions since June 2025, including the purchase of $2 million in Damon Inc. notes – Damon Inc. is redefining the electric motorcycle space with a dual focus on hardware innovation and AI-driven rider intelligence, positioning itself as a standout in the $40B+ global two-wheeler market Nashville, TN, Sept. 26, 2025 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), America’s Patriotic Brand American Rebel, today announced a decisive milestone in its financial strategy: the Company has fully resolved its default with Bank of America (“BofA”), eliminated foreclosure risk related to Champion Safe Co., released collateral tied up in prior credit facilities, and consolidated its financing under a new long-term agreement with Streeterville Capital, LLC. (“Streeterville”). Bank of America – Confirmation of Judgement Resolution On September 25, 2025, the company received formal notification from Bank of America confirming the Satisfaction of Judgment, as expected. This acknowledgment marks the resolution of the matter and reflects the successful closure of all related obligations. Key Highlights of the Transaction with Streeterville regarding BofA Resolution Filing Reference: 8K – American Rebel Holdings, Inc., September 12, 2025 Default Resolved, Litigation Closed – American Rebel has fully repaid its outstanding line of credit with Bank of America, curing the default and closing all related litigation.Foreclosure Risk Eliminated – The settlement removes foreclosure threats against Champion Safe Co. and other subsidiaries, protecting the Company’s most valuable assets.Collateral Freed – Assets previously encumbered under Bank of America are cancelled per the satisfaction of the Bank of America obligation. Note: On August 15, 2025 the Company announced previously via 8K announcing a Settlement and Exchange Agreement with Agile Capital Funding, LLC that removed the junior lien on Champion Safe Co. Pursuant to the Securities Exchange Agreement, AREB and Agile exchanged all amounts due pursuant to the Loan Agreement for 414,500 shares ...