<a href="https://laohu8.com/S/AREB">American Rebel</a> Holdings Inc. Announces New Debt Repayment Plan with Streeterville Capital Note Agreement
American Rebel Holdings Inc. has announced a significant financial agreement involving a secured promissory note with Streeterville Capital, LLC. The company has issued a promissory note with an original principal amount of $5,470,000, featuring an original issue discount of $450,000. Interest on this note will accrue at a rate of 10% per annum, with the full amount, including any accrued interest and fees, due twenty-four months from the issuance date. Notably, American Rebel Holdings has the option to prepay any portion of the outstanding balance after 120 days. Additionally, commencing six months post-issuance, Streeterville Capital has the right to redeem up to $950,000 under the note monthly, payable within two trading days upon redemption notice. The obligations under this note are secured by various agreements, including a Deposit Account Control Agreement and a pledge of all membership interest in the company's wholly-owned subsidiary.
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