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Business Wire
5 days ago
- Business
- Business Wire
FiscalNote Refinances Senior Secured Term Loan with New Four Year Facility Maturing in 2029 to Drive Long-Term Operating Flexibility
WASHINGTON--(BUSINESS WIRE)-- FiscalNote Holdings, Inc. (NYSE: NOTE), the leading provider of AI-driven policy and regulatory intelligence solutions, today announced it has entered into definitive agreements to refinance its senior debt and restructure substantially all of its subordinated debt, in a series of transactions expected to provide the Company with a clear, long-term runway and operating flexibility as it executes on driving efficient, product-led growth. Under the terms of the agreements, the Company will replace its current senior credit facility with a new, $75 million senior secured term loan — with a maturity extended to 2029 — provided exclusively by funds managed by MGG Investment Group ('MGG'). The Company will use excess proceeds from the new facility, together with new subordinated convertible debt, to refinance certain existing subordinated debt, and will amend its agreement with its largest long-term subordinated creditor to extend the maturity of its remaining balance to 2029, in line with the new senior loan. The refinancing is subject to the satisfaction of customary closing conditions, and the Company expects to close the transactions in mid-August. MGG's new, long-term commitment reflects its well-informed conviction in the strength of the Company's business and demonstrates confidence in management's strategic direction and execution. By securing a new, long-term financial partner and extending its debt maturities, FiscalNote significantly increases its operating flexibility and strengthens its balance sheet. The new senior secured term loan facility directly supports FiscalNote's plan to scale product-led growth, improve operational efficiency, and extend its leadership in policy and regulatory intelligence. The Company expects the refinancing will enable it to continue accelerating the adoption and enhancement of its category-leading platform, PolicyNote, which empowers global organizations to proactively identify and manage complex legal, regulatory, and legislative risks such as tariffs, trade restrictions, evolving laws, and emerging local ordinances. 'This refinancing is another important step in strengthening FiscalNote for the long term,' said Josh Resnik, CEO & President of FiscalNote. 'It provides us with the flexibility and stability to execute with focus, scale our product-led growth strategy, and continue delivering the AI-powered policy and regulatory intelligence our customers rely on. With MGG's support, we are well-positioned to build on our recent progress and drive sustainable growth and profitability.' 'Demand for comprehensive, trusted policy and regulatory intelligence appears exceptionally strong in today's dynamic geopolitical environment, and we are pleased to provide FiscalNote with a financing solution that enables it to capitalize on the many growth opportunities ahead,' said Kevin Griffin, Chief Executive Officer and Chief Investment Officer of MGG. Craig-Hallum served as financial advisor and Polsinelli served as legal counsel to FiscalNote. Baker Tilly supported MGG with financial due diligence related to the transaction, and Proskauer Rose served as legal counsel to MGG. Reaffirmation of FY25 Guidance: The Company reaffirms its full year 2025 forecast of total revenues of $94 to $100 million and adjusted EBITDA (1) of $10 to $12 million, reflecting confidence in its operating plan and execution as it progresses on the path to free cash flow. Positive indicators also reinforce the Company's outlook for accelerating performance in the second half of the year. The Company will report its financial results for the quarter ended June 30, 2025 after market close on August 7, 2025 and conduct a related conference call thereafter. Please refer to the Company's prior announcement for details on how to participate in the conference call. Footnote Safe Harbor Statement Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or FiscalNote's future financial or operating performance. For example, statements regarding FiscalNote's financial outlook for future periods, expectations regarding profitability, capital resources and anticipated growth in the industry in which FiscalNote operates are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'pro forma,' 'may,' 'should,' 'could,' 'might,' 'plan,' 'possible,' 'project,' 'strive,' 'budget,' 'forecast,' 'expect,' 'intend,' 'will,' 'estimate,' 'anticipate,' 'believe,' 'predict,' 'potential' or 'continue,' or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may impact such forward-looking statements include: FiscalNote's ability to successfully complete the closing of its pending senior and subordinated debt financing transactions as anticipated; concentration of revenues from U.S. government agencies, changes in the U.S. government spending priorities, dependence on winning or renewing U.S. government contracts, delay, disruption or unavailability of funding on U.S. government contracts, and the U.S. government's right to modify, delay, curtail or terminate contracts; FiscalNote's ability to successfully execute on its strategy to achieve and sustain organic growth through a focus on its core Policy business, including risks to FiscalNote's ability to develop, enhance, and integrate its existing platforms, products, and services, bring highly useful, reliable, secure and innovative products, product features and services to market, attract new customers, retain existing customers, expand its products and service offerings with existing customers, expand into geographic markets or identify other opportunities for growth; FiscalNote's future capital requirements, as well as its ability to service its repayment obligations and maintain compliance with covenants and restrictions under its existing debt agreements; demand for FiscalNote's services and the drivers of that demand; the impact of cost reduction initiatives undertaken by FiscalNote; risks associated with international operations, including compliance complexity and costs, increased exposure to fluctuations in currency exchange rates, political, social and economic instability, and supply chain disruptions; FiscalNote's ability to introduce new features, integrations, capabilities, and enhancements to its products and services, as well as obtain and maintain accurate, comprehensive, or reliable data to support its products and services; FiscalNote's reliance on third-party systems and data, its ability to integrate such systems and data with its solutions and its potential inability to continue to support integration; FiscalNote's ability to maintain and improve its methods and technologies, and anticipate new methods or technologies, for data collection, organization, and analysis to support its products and services; potential technical disruptions, cyberattacks, security, privacy or data breaches or other technical or security incidents that affect FiscalNote's networks or systems or those of its service providers; competition and competitive pressures in the markets in which FiscalNote operates, including larger well-funded companies shifting their existing business models to become more competitive with FiscalNote; FiscalNote's ability to comply with laws and regulations in connection with selling products and services to U.S. and foreign governments and other highly regulated industries; FiscalNote's ability to retain or recruit key personnel; FiscalNote's ability to adapt its products and services for changes in laws and regulations or public perception, or changes in the enforcement of such laws, relating to artificial intelligence, machine learning, data privacy and government contracts; adverse general economic and market conditions reducing spending on our products and services; the outcome of any known and unknown litigation and regulatory proceedings; FiscalNote's ability to maintain public company-quality internal control over financial reporting; and FiscalNote's ability to protect and maintain its brands and other intellectual property rights. These and other important factors discussed in FiscalNote's SEC filings, including its most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by FiscalNote and its management, are inherently uncertain. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place reliance on forward-looking statements, which speak only as of the date they are made. FiscalNote undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. About FiscalNote FiscalNote (NYSE: NOTE) is the leading provider of AI-driven policy and regulatory intelligence solutions. By uniquely combining proprietary AI technology, comprehensive data, and decades of trusted analysis, FiscalNote helps customers efficiently manage political and business risk. Since 2013, FiscalNote has pioneered solutions that deliver critical insights, enabling effective decision making and giving organizations the competitive edge they need. Home to PolicyNote, CQ, Roll Call, VoterVoice, and many other industry-leading products and brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, and Asia. To learn more about FiscalNote and its suite of solutions, visit and follow @FiscalNote. MGG Investment Group provides flexible capital solutions to middle-market companies across all industries. We strive to build lasting value, address immediate needs, and solve complex situations to provide our LPs with superior risk-adjusted returns. Our extensive network and relationships provide us with a plethora of sourcing that enables us to be patient and maintain investing discipline across the capital structure and in all market environments.
Yahoo
04-08-2025
- Business
- Yahoo
FiscalNote Launches AI-Powered Social Listening in PolicyNote to Surface Early Policy Signals
New capability gives users real-time visibility into policy signals across social media platforms X, Truth Social, and Bluesky, as well as exclusive CQ news and analysis, enabling earlier action and smarter strategy. WASHINGTON, August 04, 2025--(BUSINESS WIRE)--FiscalNote (NYSE: NOTE), a leading AI-driven policy and regulatory intelligence company, today announced the launch of a new social media listening capability in PolicyNote, its next-generation flagship platform. This latest innovation empowers users to detect early signals of policy and legislative change by monitoring real-time posts and discussions from federal and state lawmakers and executives, providing a strategic edge in today's fast-moving legislative landscape. For policy professionals, identifying when lawmakers first begin to signal policy intent, especially across disparate social media platforms, has long been time-consuming, fragmented, and expensive. PolicyNote's new social listening feature addresses that challenge head-on, surfacing key mentions and sentiment from X (formerly Twitter), Truth Social, and Bluesky — as well as CQ News, FiscalNote's proprietary, trusted editorial arm covering Congress — and integrating them seamlessly into users' existing policy workflows. "Policies can change quickly, and the earliest signals often surface long before a bill is introduced," said Josh Resnik, CEO & President of FiscalNote. "By detecting the swelling murmurs of public sentiment before they break into headlines or legislation, PolicyNote's social listening capability serves as a powerful early-warning system for policy professionals. With PolicyNote, our users gain real-time, actionable, AI-powered intelligence to anticipate what's coming and respond quickly with confidence." PolicyNote's social listening feature enables users to receive timely alerts when policymakers discuss issues relevant to their organization, allowing for faster, more informed decisions. With one click, the AI assistant personalizes settings to suit the organization's needs. It understands priorities to make smart recommendations to enable users to track mentions of their organization, key figures, products, assets, and even competitors. Accessing these insights has never been faster or easier for customers. Social listening doesn't just stop at monitoring; powerful trend reporting will help organizations refine messaging and advocacy strategies or identify new stakeholders to shift the conversation. With the insights surfaced in reporting, users will be able to pinpoint emerging narratives, shifts in sentiment, and the entry of new key voices in public discourse, all from within the same PolicyNote dashboard that powers legislative and regulatory analysis. With this release, FiscalNote continues to expand how PolicyNote powers its government affairs clients, through a unique combination of policy data, exclusive CQ news and analysis, and purpose-built artificial intelligence — now enhanced with real-time social media intelligence. This unified approach helps users connect the dots between what lawmakers say and what they do, anticipate policy moves, and respond with speed and precision. For more information about FiscalNote's suite of AI-powered policy and regulatory solutions, visit About FiscalNote FiscalNote (NYSE: NOTE) is the leading provider of AI-driven policy and regulatory intelligence solutions. By uniquely combining proprietary AI technology, comprehensive data, and decades of trusted analysis, FiscalNote helps customers efficiently manage political and business risk. Since 2013, FiscalNote has pioneered solutions that deliver critical insights, enabling effective decision making and giving organizations the competitive edge they need. Home to PolicyNote, CQ, Roll Call, VoterVoice, and many other industry-leading products and brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, and Asia. To learn more about FiscalNote and its suite of solutions, visit and follow @FiscalNote. View source version on Contacts Media Yojin YoonFiscalNotepress@ Investor Relations Bob BurrowsFiscalNoteIR@ Sign in to access your portfolio
Business Wire
04-08-2025
- Business
- Business Wire
FiscalNote Launches AI-Powered Social Listening in PolicyNote to Surface Early Policy Signals
WASHINGTON--(BUSINESS WIRE)--FiscalNote (NYSE: NOTE), a leading AI-driven policy and regulatory intelligence company, today announced the launch of a new social media listening capability in PolicyNote, its next-generation flagship platform. This latest innovation empowers users to detect early signals of policy and legislative change by monitoring real-time posts and discussions from federal and state lawmakers and executives, providing a strategic edge in today's fast-moving legislative landscape. For policy professionals, identifying when lawmakers first begin to signal policy intent, especially across disparate social media platforms, has long been time-consuming, fragmented, and expensive. PolicyNote's new social listening feature addresses that challenge head-on, surfacing key mentions and sentiment from X (formerly Twitter), Truth Social, and Bluesky — as well as CQ News, FiscalNote's proprietary, trusted editorial arm covering Congress — and integrating them seamlessly into users' existing policy workflows. 'Policies can change quickly, and the earliest signals often surface long before a bill is introduced,' said Josh Resnik, CEO & President of FiscalNote. 'By detecting the swelling murmurs of public sentiment before they break into headlines or legislation, PolicyNote's social listening capability serves as a powerful early-warning system for policy professionals. With PolicyNote, our users gain real-time, actionable, AI-powered intelligence to anticipate what's coming and respond quickly with confidence.' PolicyNote's social listening feature enables users to receive timely alerts when policymakers discuss issues relevant to their organization, allowing for faster, more informed decisions. With one click, the AI assistant personalizes settings to suit the organization's needs. It understands priorities to make smart recommendations to enable users to track mentions of their organization, key figures, products, assets, and even competitors. Accessing these insights has never been faster or easier for customers. Social listening doesn't just stop at monitoring; powerful trend reporting will help organizations refine messaging and advocacy strategies or identify new stakeholders to shift the conversation. With the insights surfaced in reporting, users will be able to pinpoint emerging narratives, shifts in sentiment, and the entry of new key voices in public discourse, all from within the same PolicyNote dashboard that powers legislative and regulatory analysis. With this release, FiscalNote continues to expand how PolicyNote powers its government affairs clients, through a unique combination of policy data, exclusive CQ news and analysis, and purpose-built artificial intelligence — now enhanced with real-time social media intelligence. This unified approach helps users connect the dots between what lawmakers say and what they do, anticipate policy moves, and respond with speed and precision. For more information about FiscalNote's suite of AI-powered policy and regulatory solutions, visit About FiscalNote FiscalNote (NYSE: NOTE) is the leading provider of AI-driven policy and regulatory intelligence solutions. By uniquely combining proprietary AI technology, comprehensive data, and decades of trusted analysis, FiscalNote helps customers efficiently manage political and business risk. Since 2013, FiscalNote has pioneered solutions that deliver critical insights, enabling effective decision making and giving organizations the competitive edge they need. Home to PolicyNote, CQ, Roll Call, VoterVoice, and many other industry-leading products and brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, and Asia. To learn more about FiscalNote and its suite of solutions, visit and follow @FiscalNote.
Business Wire
31-07-2025
- Business
- Business Wire
FiscalNote Drives Global Commercial Growth As PolicyNote Adoption Accelerates
WASHINGTON--(BUSINESS WIRE)--FiscalNote Holdings, Inc. (NYSE: NOTE), the leading provider of AI-driven policy and regulatory intelligence solutions, today announced the expansion of its global commercial footprint, fueled by growing customer demand for its Global Policy Dashboard within PolicyNote. As regulatory complexity deepens across markets, the dashboard has become an indispensable resource for multinational corporations seeking clarity, speed, and control over policy developments that affect their operations. FiscalNote's Global Policy Dashboard provides organizations with an interactive, AI-powered platform that delivers curated, region-specific policy data and insights across North America, Latin America, Europe, and the Asia Pacific. With brief policy summaries in English and customized weekly reports, the dashboard provides organizations with a centralized view of global policy developments that impact their business. This surge in global product adoption is reflected in a broad range of new customer agreements, including new wins, contract renewals, and major expansions with top-tier corporations across multiple sectors. Together, they signal sustained momentum for FiscalNote's global commercial business and a rising need among customers for integrated, policy-centric intelligence. Among the enterprise clients driving this growth are global leaders including (but not limited to) the following: Lenovo Schneider Electric First Solar Envision Healthcare Solventum Nutrien ABC Supply James Hardie 'As global organizations face mounting regulatory demands and policy uncertainty, they're turning to FiscalNote for the tools to stay proactive and informed,' said Josh Resnik, CEO and President of FiscalNote. 'PolicyNote's Global Policy Dashboard delivers exactly that — a powerful, AI-enhanced platform that helps them monitor the issues that matter most, by region. The growth in global customers underscores the urgent need for solutions that turn complexity into clarity — and we're proud to lead the way.' As companies confront intensifying scrutiny and rapid policy shifts, FiscalNote's ability to deliver timely, actionable insights across regions and sectors continues to position it as the go-to partner for effective risk management, regulatory intelligence, and strategic decision-making. About FiscalNote FiscalNote (NYSE: NOTE) is the leading provider of AI-driven policy and regulatory intelligence solutions. By uniquely combining proprietary AI technology, comprehensive data, and decades of trusted analysis, FiscalNote helps customers efficiently manage political and business risk. Since 2013, FiscalNote has pioneered solutions that deliver critical insights, enabling effective decision making and giving organizations the competitive edge they need. Home to PolicyNote, CQ, Roll Call, VoterVoice, and many other industry-leading products and brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, and Asia. To learn more about FiscalNote and its suite of solutions, visit and follow @FiscalNote.
Business Wire
10-07-2025
- Business
- Business Wire
FiscalNote Expands PolicyNote with AI-Powered Legislative Drafting, Giving Policy Professionals a New Strategic Edge
WASHINGTON--(BUSINESS WIRE)--FiscalNote Holdings, Inc. (NYSE: NOTE), the leading provider of AI-driven policy and regulatory intelligence solutions, today announced the continued enhancement of its flagship platform, PolicyNote, with the launch of AI-powered legislative drafting. This transformative advancement redefines how policy professionals create and engage with crucial legislative and regulatory text. Building on PolicyNote's core strengths in real-time monitoring, analysis, and workflow automation, this drafting capability helps expand users' strategic impact, making their efforts to shape legislation more timely and impactful. Designed for government affairs teams, public policy professionals, advocacy organizations, and legislative staff, this new feature empowers users to rapidly generate, refine, and tailor bill language and policy proposals with jurisdictional nuance, strategic clarity, and the unique voice of an organization or official. Customers can use it to quickly develop full bill text, model legislation, amendments, or policy proposals tailored to specific sectors, stakeholders, and political contexts. 'This is a turning point in how policy work gets done, giving professionals the advantage to lead conversations and shape outcomes,' said Josh Resnik, CEO & President of FiscalNote. 'We're giving our customers the tools to move faster, work smarter, and focus their energy on strategy, relationships, and results, with less time spent wrangling structure, formatting, and precedent. As we continue to enhance and advance PolicyNote's capabilities, FiscalNote is deepening its integration into core policy workflows, leading the market with differentiated AI capabilities that deliver real value to customers and sustained impact for shareholders.' With this new capability, PolicyNote becomes an active co-creator in the policymaking process. Users can: Generate full bill text, amendments, and policy proposals based on intent or modeled after existing legislation Tailor language for specific jurisdictions or policy environments Rework drafts for different audiences — legal, legislative, or public Example prompts include: 'Draft model legislation to restrict PFAS chemicals based on existing EPA guidance.' 'Generate a privacy bill for New York modeled on California's CCPA.' 'Rewrite this bill summary for a non-legal audience.' In an era of legislative overload and increasingly tight timelines, the legislative drafting capability gives users a head start, freeing them from formatting, structuring, and language hurdles so they can focus on big-picture strategy, stakeholder alignment, and driving outcomes. PolicyNote already empowers users to monitor, analyze, and influence policy in real time. With the addition of drafting capabilities, the platform now helps shape the very content of legislation by bringing key issues to life faster, smarter, and more strategically than ever before. In removing friction from the drafting process and expanding the range of strategic tools available, PolicyNote helps customers turn insight into action — faster, smarter, and on their terms. It's another step forward in FiscalNote's vision to equip policy professionals with the technology they need to lead in a world of accelerating complexity. About FiscalNote FiscalNote (NYSE: NOTE) is the leading provider of AI-driven policy and regulatory intelligence solutions. By uniquely combining proprietary AI technology, comprehensive data, and decades of trusted analysis, FiscalNote helps customers efficiently manage political and business risk. Since 2013, FiscalNote has pioneered solutions that deliver critical insights, enabling effective decision-making and giving organizations the competitive edge they need. Home to PolicyNote, CQ, Roll Call, VoterVoice, and many other industry-leading products and brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, and Asia. To learn more about FiscalNote and its suite of solutions, visit and follow @FiscalNote.
