American Rebel Announces It Has Fully Resolved Its Default With Bank Of America; 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

Author: Benzinga Newsdesk | September 26, 2025 01:11pm

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 of the Company's common stock, valued at $1.25 per share, and a three-year pre-funded warrant to purchase 699,680 shares of the Company's common stock at $0.01 per share, valued at $1.24 per share.
• Restructured Financing in Place – The Company consolidated its debt under a restructured facility with Streeterville Capital, including a seven-year convertible exchange note with equity settlement features and new warrants.
  
   

American Rebel - Stronger Balance Sheet, Greater Flexibility

This restructuring removes near-term risks while positioning American Rebel for future growth.

• The original June 2025 note, amended September 2025, now reflects a principal balance of approximately $6.58 million and matures in June 2027.
• A new $1.3 million Convertible Exchange Note was issued, carrying a seven-year term (2032) and optional equity conversion features.
• All interest has been prepaid. There are no annual cash interest obligations. The only future scheduled cash requirements are the 2027 and 2032 maturities, unless the Company elects to refinance or convert.

Posted In: AREB