Inspirato Receives Multiple Financial Commitments Totaling Approximately $22 Million to Improve Capital Structure

Core Viewpoint - Inspirato Incorporated has announced a financing plan of approximately $22 million through a combination of senior secured debt, junior debt, and preferred equity to facilitate the merger with Buyerlink and retire existing senior secured convertible notes [1][2][3] Financing Details - The financing will consist of $10 million in senior secured debt at an interest rate of 7% per annum, $5 million in junior debt at 20% per annum, and $7.3 million of preferred equity [7] - The capital raised will primarily be used to refinance a $20 million Senior Secured Convertible Note issued to Capital One in August 2023, which will be terminated as part of this transaction [2] Strategic Implications - The new capital structure is expected to enhance operational flexibility and profitability for the combined company post-merger, allowing for investment in key growth initiatives [3] - The combined entity is anticipated to maintain a prudent level of leverage in terms of debt-to-EBITDA following the financing and merger [2]