UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 15, 2015
IEG HOLDINGS CORPORATION
(Exact name of registrant as specified in its charter)
Florida | 000-55463 | 90-1069184 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
6160 West Tropicana Ave., Suite E-13, Las Vegas, NV | 89103 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (702) 227-5626
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
IEC SPV, LLC, Investment Evolution Global Corporation, Investment Evolution Corporation, each of which is a wholly owned subsidiary of IEG Holdings Corporation (the “Company”), and Paul J. Mathieson, the Company’s President and Chief Executive Officer, are parties to that certain Loan and Security Agreement, as amended (the “Loan Agreement”), with BFG Investment Holdings, LLC (“BFG”). Effective July 15, 2015, BFG converted the credit facility created under the Loan Agreement to a term loan. As a result of BFG’s conversion of the credit facility to a term loan, monthly principal and interest payments equal to 100% of the consumer loan proceeds will be due.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
IEG HOLDINGS CORPORATION | ||
Date: July 21, 2015 | By: | /s/ Paul Mathieson |
Name: | Paul Mathieson | |
Title: | President and Chief Executive Officer |