Beneficient (the “Company”) has amended a previously disclosed agreement to extend the deadline for a cash payment to its lender, HH-BDH, LLC.
The amendment, effective October 7, 2026, modifies a Letter Agreement originally executed on March 10, 2026. Under the original terms, Beneficient Financing, L.L.C. (the “Borrower”), a wholly owned subsidiary of Beneficient, was required to pay HH-BDH $1,000,000 in cash no later than five business days following September 30, 2026.
The new deadline, established by the Letter Agreement Amendment, extends this payment date to March 31, 2027. The amendment was executed by HH-BDH and the Loan Parties, which include Beneficient Financing, L.L.C. and Beneficient Company Holdings, L.P. as guarantor.
HH-BDH’s sole member is Hicks Holdings Operating, LLC, whose managing member, Mack Hicks, is a member of Beneficient’s board of directors. A copy of the full text of the Letter Agreement Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K.
