Hall of Fame Resort & Entertainment Co. Extends Loan Maturity Date to December 2025 in Amended Agreement with Stark Community Foundation

Reuters07-08

Hall of Fame Resort & Entertainment Co. Extends Loan Maturity Date to December 2025 in Amended Agreement with Stark Community Foundation

Hall of Fame Resort & Entertainment Company, a Delaware-based corporation, has announced an amendment to its existing business loan agreement with Stark Community Foundation, Inc., an Ohio not-for-profit corporation. The amendment, effective June 30, 2025, extends the loan's maturity date from the original June 30, 2025, to December 31, 2025. The interest rate remains unchanged at six percent per annum, with an additional five percent applied in the event of a default. The agreement maintains that the entire principal balance, accrued interest, and any other amounts owed are due upon maturity. This extension provides the company with additional time to manage its financial obligations effectively.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hall of Fame Resort & Entertainment Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-061757), on July 07, 2025, and is solely responsible for the information contained therein.

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Extends Loan Maturity Date to December 2025 in Amended Agreement with Stark Community Foundation\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Hall of Fame Resort &amp; Entertainment Company, a <a href=\"https://laohu8.com/S/VMM\">Delaware</a>-based corporation, has announced an amendment to its existing business loan agreement with Stark Community Foundation, Inc., an Ohio not-for-profit corporation. The amendment, effective June 30, 2025, extends the loan's maturity date from the original June 30, 2025, to December 31, 2025. The interest rate remains unchanged at six percent per annum, with an additional five percent applied in the event of a default. The agreement maintains that the entire principal balance, accrued interest, and any other amounts owed are due upon maturity. 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Extends Loan Maturity Date to December 2025 in Amended Agreement with Stark Community Foundation\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Hall of Fame Resort &amp; Entertainment Company, a <a href=\"https://laohu8.com/S/VMM\">Delaware</a>-based corporation, has announced an amendment to its existing business loan agreement with Stark Community Foundation, Inc., an Ohio not-for-profit corporation. The amendment, effective June 30, 2025, extends the loan's maturity date from the original June 30, 2025, to December 31, 2025. The interest rate remains unchanged at six percent per annum, with an additional five percent applied in the event of a default. The agreement maintains that the entire principal balance, accrued interest, and any other amounts owed are due upon maturity. 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Extends Loan Maturity Date to December 2025 in Amended Agreement with Stark Community Foundation\n    \n\n        Hall of Fame Resort & Entertainment Company, a Delaware-based corporation, has announced an amendment to its existing business loan agreement with Stark Community Foundation, Inc., an Ohio not-for-profit corporation. The amendment, effective June 30, 2025, extends the loan's maturity date from the original June 30, 2025, to December 31, 2025. The interest rate remains unchanged at six percent per annum, with an additional five percent applied in the event of a default. The agreement maintains that the entire principal balance, accrued interest, and any other amounts owed are due upon maturity. This extension provides the company with additional time to manage its financial obligations effectively.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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