INNOVATE Corp: enters supplemental indenture for 9.5% convertible notes

What happened INNOVATE Corp entered into a supplemental indenture to the indenture dated Aug 4, 2025, among the Company, certain subsidiary guarantors, and U.S. Bank Trust Company, National Association, as trustee and collateral trustee, governing the 9.500% Convertible Senior Secured Notes due 2027. The supplemental indenture amends the indenture to require the redemption of all Convertible Notes on the 15th business day following the termination of the lock-up period applicable to the stock consideration the Company received in connection with its previously announced sale of DBMG Global Inc. The filing says the redemption will be for a cash purchase price equal to 100% of the principal amount thereof plus accrued and unpaid interest to, but excluding, the date of redemption.

Key details

• The indenture being amended is dated Aug 4, 2025; the supplemental indenture was entered Oct 9, 2026.
• The notes are 9.500% Convertible Senior Secured Notes due 2027.
• Redemption is required on the 15th business day after the lock-up period ends; the lock-up expires upon the earlier of Dec 4, 2026 and the date a registration statement registering resale of the stock consideration is deemed effective.
• The supplemental indenture also confirms that no offer to repurchase the Convertible Notes need be made.

Why it may matter Item 1.01 (entry into a material definitive agreement) was reported; the item covers the supplemental indenture that amends the Indenture governing the Convertible Notes and the specific redemption mechanics described above. The filing does not show why the company acted.