The single-lender facility is meant to fund construction of the 12,500-seat Oklahoma venue until previously announced C-PACE permanent financing is expected to close in the third quarter of 2026.
Venu Holding Corporation said it closed a $25 million financing transaction to support construction of Regent Bank Amphitheater in Broken Arrow, Oklahoma, while it waits for previously announced C-PACE (Commercial Property Assessed Clean Energy) permanent financing that the company expects to close in the third quarter of 2026. The company said the facility is intended to keep work on the premium 12,500-seat venue on schedule for completion in fall 2026 and to do so through a capital structure designed to limit shareholder dilution. VENU received $12.5 million in gross proceeds at closing, with another $12.5 million before fees and expenses available after certain closing conditions are met. The financing was structured as a secured convertible debenture, which VENU said it expects to repay in cash, though the lender can convert it into common stock absent a payment failure or event of default. ThinkEquity served as sole placement agent.