Loan & DebtMay 28, 2026, 05:07 PM
Allbirds Amends Credit Agreement; Revolving Commitments Cut to $44.2M
AI Summary
Allbirds, Inc. entered into a Third Amendment to its Credit Agreement on May 26, 2026. This amendment reduces the company's Revolving Commitments from $50 million to $44.2 million. Additionally, the company secured two new tranches of debt: a Term Loan A of up to $3.3 million and a Term Loan B of up to $2.5 million. The effectiveness of these amendments is subject to customary conditions precedent and certain conditions subsequent.
Key Highlights
- Revolving Commitments reduced from $50 million to $44.2 million.
- Introduced new Term Loan A with a maximum commitment of $3.3 million.
- Introduced new Term Loan B with a maximum commitment of $2.5 million.
- Third Amendment to Credit Agreement signed on May 26, 2026.
- Effectiveness of amendments subject to customary conditions.
Price Impact
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