Venu Holding Corp (VENU) Form 8-K — Oct 26, 2026
$VENUForm 8-KItems 1.01, 3.02, 8.01, 9.01Filed Oct 26, 2026, 5:15 PM ET0001493152-26-048581Original filing
Venu Holding Corp closed a $60 million sale-leaseback of its ~46-acre McKinney, Texas amphitheater site with STORE Capital, executing a 99-year ground lease with $5.7 million initial annual rent while retaining ownership of the vertical improvements. The company used part of the proceeds to pay off its $20 million Ryan, LLC bridge note in full and also closed a separate $7.5 million sale-leaseback of its Centennial, Colorado property at $600,000 annual rent.
Key figures
- Debt Amount
- 20000000
- Deal Value Usd
- 60000000
- Interest Rate
- 0
- Tco deadline
- December 4, 2027
- Warrant shares
- 5000000
- Medc note principal
- 25000000
- Centennial sale price
- 7500000
- Centennial annual rent
- 600000
- Warrant exercise price
- 1.2
- Ground lease term years
- 99
- Complex development budget
- 220000000
- Incentives cap years 12 16
- 3000000
- Ryan note capitalized fees
- 500000
- Centennial lease term years
- 25
- Centennial repurchase price
- 8500000
- Cash paid at initial closing
- 10000000
- Mckinney purchase price 2025
- 35000000
- Ground lease initial annual rent
- 5700000
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