Beneficient 8-K

What Happened

• Beneficient (BENF) announced in an 8-K (filed Jan 20, 2026) and a press release that it completed repayment of approximately $27.5 million of loans to a Texas state bank. The repayment satisfied 100% of the outstanding principal owed to that lender.
• Separately, Beneficient’s subsidiary Beneficient Financing, L.L.C. and guarantor Beneficient Company Holdings, L.P. remain subject to a Credit and Guaranty Agreement (the Hicks Holdings Credit Agreement) with HH-BDH LLC (affiliated with Hicks Holdings). The original Hicks Holdings loans dated Oct 19, 2023 totaled $25.0 million (plus a $1.7M subsequent term loan added Aug 16, 2024). On Jan 12, 2026 the Company repaid remaining principal under those loans prior to the Oct 19, 2026 maturity, but still owes $1.66 million to Hicks Holdings for deferred interest and fees.

Key Details

• Approximately $27.5 million: principal repaid to the Texas state bank (repayment announced Jan 20, 2026).
• Hicks Holdings Credit Agreement: originally $25.0M term loan (Oct 19, 2023) plus ~ $1.7M added Aug 16, 2024.
• $1.66 million: outstanding deferred interest and fees owed to Hicks Holdings; Company expects to pay over time under mutually agreed terms.
• Related-party note: Hicks Holdings’ managing member was Thomas O. Hicks, a former chair of Beneficient’s board; Hicks Holdings may have a material financial interest in the credit arrangements.

Why It Matters

• The company reduced its funded debt by repaying the bank loan principal, which simplifies its creditor relationships and reduces principal outstanding. Final satisfaction of the Hicks Holdings Credit Agreement will occur once the $1.66M in deferred interest/fees is paid.
• For investors, this affects Beneficient’s capital structure and near-term cash obligations. Monitor future disclosures for timing and terms of the $1.66M payment and any cash impact or covenant implications disclosed by the company.