Inspirato Receives Multiple Financial Commitments Totaling Approximately $22 Million to Improve Capital Structure
Inspirato (NASDAQ:ISPO), a luxury vacation club and property technology company, has secured $22 million in financial commitments through multiple financing arrangements. The funding consists of $10 million in senior secured debt at 7% interest, $5 million in junior debt at 20% interest, and $7.3 million in preferred equity.
These non-binding commitments are tied to Inspirato's previously announced merger with Buyerlink, a leader in online marketplaces. The funds will primarily be used to refinance an existing Senior Secured Convertible Note with Capital One, which will be terminated for $20 million. The company expects to maintain manageable debt-to-EBITDA levels post-merger.
Inspirato (NASDAQ:ISPO), un club di vacanze di lusso e societ脿 di proptech, ha ottenuto impegni finanziari per 22 milioni di dollari attraverso pi霉 operazioni di finanziamento. Il pacchetto prevede 10 milioni di dollari di debito senior garantito al 7% di interesse, 5 milioni di dollari di debito junior al 20% e 7,3 milioni di dollari in capitale preferenziale.
Questi impegni non vincolanti sono collegati alla fusione precedentemente annunciata di Inspirato con Buyerlink, leader nei marketplace online. Le risorse saranno principalmente impiegate per rifinanziare una Senior Secured Convertible Note esistente con Capital One, che verr脿 estinta per 20 milioni di dollari. L'azienda prevede di mantenere un rapporto debito/EBITDA gestibile dopo la fusione.
Inspirato (NASDAQ:ISPO), un club de vacaciones de lujo y empresa de tecnolog铆a inmobiliaria, ha asegurado compromisos financieros por 22 millones de d贸lares mediante varios acuerdos de financiaci贸n. La estructura incluye 10 millones de d贸lares en deuda senior garantizada al 7% de inter茅s, 5 millones de d贸lares en deuda junior al 20% y 7,3 millones de d贸lares en capital preferente.
Estos compromisos no vinculantes est谩n vinculados a la fusi贸n anunciada anteriormente de Inspirato con Buyerlink, un referente en marketplaces online. Los fondos se destinar谩n principalmente a refinanciar un Senior Secured Convertible Note existente con Capital One, que se cancelar谩 por 20 millones de d贸lares. La compa帽铆a espera mantener niveles de deuda/EBITDA manejables tras la fusi贸n.
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鞚措摛 牍勱惮靻嶌爜 鞎届爼鞚� 鞓澕鞚� 毵堨紦頂岆爤鞚挫姢 靹犽弰鞐呾泊鞚� Buyerlink鞕�鞚� 鞚挫爠 氚滍憸霅� 頃╇硲鞐� 鞐瓣硠霅橃柎 鞛堨姷雼堧嫟. 鞛愱笀鞚� 欤茧 Capital One瓿检潣 旮办〈 靹犾垳鞙� 雼措炒 鞝勴櫂靷眲毳� 2,000毵� 雼煬搿� 靸來櫂(膦呹舶)頃橂姅 雿� 靷毄霅� 鞓堨爼鞛呺媹雼�. 須岇偓電� 頃╇硲 頉勳棎霃� 攵�毂� 雽�牍� EBITDA 靾橃鞚� 甏�毽� 臧�電ロ暅 氩旍渼搿� 鞙犾頃� 瓴冹溂搿� 鞓堨儊頃╇媹雼�.
Inspirato (NASDAQ:ISPO), un club de vacances de luxe et entreprise de technologie immobili猫re, a s茅curis茅 des engagements financiers de 22 millions de dollars via plusieurs arrangements de financement. Le montage comprend 10 millions de dollars de dette senior garantie 脿 7% d'int茅r锚t, 5 millions de dollars de dette junior 脿 20% et 7,3 millions de dollars en capitaux privil茅gi茅s.
Ces engagements non contraignants sont li茅s 脿 la fusion annonc茅e pr茅c茅demment entre Inspirato et Buyerlink, un acteur majeur des places de march茅 en ligne. Les fonds seront principalement utilis茅s pour refinancer une Senior Secured Convertible Note existante aupr猫s de Capital One, qui sera r茅gl茅e pour 20 millions de dollars. La soci茅t茅 pr茅voit de conserver un niveau d'endettement par rapport 脿 l'EBITDA g茅rable apr猫s la fusion.
Inspirato (NASDAQ:ISPO), ein Luxus-Urlaubsclub und Proptech-Unternehmen, hat 眉ber mehrere Finanzierungsvereinbarungen Finanzzusagen in H枚he von 22 Millionen US-Dollar erhalten. Die Finanzierung besteht aus 10 Millionen US-Dollar besichertem Senior-Darlehen zu 7% Zinsen, 5 Millionen US-Dollar nachrangigem Darlehen zu 20% Zinsen und 7,3 Millionen US-Dollar Vorzugsaktienkapital.
Diese unverbindlichen Zusagen stehen im Zusammenhang mit Inspiratos zuvor angek眉ndigter Fusion mit Buyerlink, einem f眉hrenden Anbieter von Online-Marktpl盲tzen. Die Mittel sollen vorrangig zur Refinanzierung einer bestehenden Senior Secured Convertible Note bei Capital One verwendet werden, die f眉r 20 Millionen US-Dollar beglichen wird. Das Unternehmen erwartet, nach der Fusion ein handhabbares Verh盲ltnis von Schulden zu EBITDA beizubehalten.
- None.
- High 20% interest rate on $5 million junior debt portion
- Financial commitments are currently non-binding
- Significant debt restructuring indicates potential previous financial strain
Insights
Inspirato's $22M capital raise improves debt structure ahead of Buyerlink merger, reducing high-interest obligations and enhancing post-merger financial flexibility.
Inspirato's
The primary purpose is to refinance an existing Senior Secured Convertible Note issued to Capital One (via Oakstone Ventures) in August 2023, which they've agreed to terminate for
The
Most importantly, this recapitalization gives Inspirato more operational flexibility post-merger. By replacing convertible debt with a more traditional capital structure, management gains greater control over strategic decisions without potentially onerous covenants that often accompany convertible instruments. Their reference to operating "more freely" suggests the previous debt structure contained significant operational restrictions.
The management's statement about maintaining a "prudent and manageable level of leverage in terms of debt-to-EBITDA" after the transaction indicates confidence in the combined entity's ability to service this debt through operating cash flows, suggesting the merger will create sufficient EBITDA improvement to support the new capital structure.
Combination of Senior Secured Debt, Junior Debt, and Preferred Equity Will Enable the Company to Retire Existing Senior Secured Convertible Notes听with an Institutional Investor Upon Closing of Buyerlink Transaction
DENVER, Sept. 09, 2025 (GLOBE NEWSWIRE) -- (鈥淚nspirato鈥� or the 鈥淐ompany鈥�) (Nasdaq: ISPO), the premier luxury vacation club and property technology company, today announced that the Company has entered into multiple, non-binding term sheets for approximately
$10 million senior secured debt bearing interest at7% per annum$5 million junior debt bearing interest at20% per annum, and$7.3 million of preferred equity, expected to be of the same class to be issued to One Planet Ops in the merger
These proposed, new financing agreements are being entered into in connection with the Company鈥檚 transaction to merge with (鈥淏uyerlink鈥�), a leader in building and operating online marketplaces, and are expected to be finalized at the close of the transaction.
Capital from these commitments will be primarily used to refinance the existing Senior Secured Convertible Note issued to Capital One (via Oakstone Ventures)听in August 2023. As , the parties have agreed to terminate the Note as well as related agreements for
Following the financing transaction and closing of the Buyerlink transaction, Inspirato expects the combined company to maintain a prudent and manageable level of leverage in terms of debt-to-EBITDA.
鈥淭hese commitments will create an improved capital structure and enable us to operate more freely once our transaction with Buyerlink is completed,鈥� said Inspirato Chairman and CEO Payam Zamani. 鈥淭he recapitalized, combined business will also have a stronger profitability profile, ensuring that we are in a great position to invest in key growth initiatives as we look to execute our new strategy and build the leading luxury travel marketplace.鈥�
For additional information, please visit the Company鈥檚 investor relations website as well as its periodic filings with the SEC.
IMPORTANT INFORMATION FOR STOCKHOLDERS
This communication is not an offer to sell, or the solicitation of an offer to purchase, any securities. This communication may be deemed to be solicitation material in respect of the proposed merger of Inspirato and Buyerlink. Information regarding the proposed merger can be found in Inspirato鈥檚 definitive proxy statement on Schedule 14A, which was filed with the SEC on August 29, 2025, and any amendments thereto. This communication is not a substitute for the definitive proxy statement or for any other document that Inspirato may file with the SEC and send to its stockholders in connection with the proposed merger. INSPIRATO SHAREHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain free copies of the definitive proxy statement and other documents filed with the SEC by Inspirato through the website maintained by the SEC at www.sec.gov.
Inspirato, Buyerlink, and certain of their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the proposed merger under the rules of the SEC. Information about the directors and executive officers of Inspirato and Buyerlink is set forth in the definitive proxy statement. This document can be obtained free of charge from the SEC website indicated above.
About Inspirato
Inspirato (Nasdaq: ISPO) is a luxury vacation club and a property technology company that provides access to a portfolio of curated vacation options, delivered through an innovative model designed to ensure the service, certainty, and value that discerning travelers demand. The Inspirato portfolio includes exclusive luxury vacation homes, accommodations at five-star hotel and resort partners, and custom travel experiences. For more information, visit www.inspirato.com and follow @inspirato on Instagram, Facebook, X, and LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements related to the closing of the proposed merger, the financing and the results of operation and financial condition of the combined company. The term sheets described above are non-binding and there can be no guarantee that the contemplated financing will be completed. These statements are subject to risks and uncertainties that could cause actual results to differ materially. More information about these risks is contained in the 鈥淩isk Factors鈥� section of Inspirato鈥檚 filings with the SEC. Inspirato undertakes no obligation to update these statements, except as required by law.
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FAQ
What is the total amount of financial commitments secured by Inspirato (ISPO)?
How will Inspirato (ISPO) use the new financial commitments?
What are the interest rates for Inspirato's new debt financing?
How does this financing relate to Inspirato's merger with Buyerlink?
What is the expected impact on Inspirato's capital structure?
