---
schema_version: "secwatch.filing_event.v1"
accession: "0000929638-23-000844"
form_type: "8-K"
ticker: "TBCH"
cik: "0001493761"
company_name: "Turtle Beach Corp"
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T01:55:27.542426+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Turtle Beach extends credit facility to April 2025; transitions from LIBOR to BSBY/SONIA/EUIBOR

## Summary
- Extended credit facility maturity from March 5, 2024 to April 1, 2025.
- Updated margin tiers tied to Fixed Charge Coverage Ratio; removed FILO loan facility.
- Increased undrawn commitment fee by 0.125% to 0.375%/0.50% based on usage.
- Transitioned reference interest rates from LIBOR to BSBY (US), SONIA (UK), and EUIBOR (EU).

## SEC filing metadata
- accession: 0000929638-23-000844
- form_type: 8-K
- ticker: TBCH
- cik: 0001493761
- company_name: Turtle Beach Corp
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493761/000092963823000844/0000929638-23-000844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493761/000092963823000844/ab8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929638-23-000844
- JSON: https://secwatch.observer/filing/0000929638-23-000844.json
- Plain text: https://secwatch.observer/filing/0000929638-23-000844.txt

## Key facts
- Debt Financings
  Turtle Beach Corp amended revolving credit with Bank of America, N.A. maturing April 1, 2025.
  - Instrument: revolving credit
  - Counterparty: Bank of America, N.A.
  - Maturity: April 1, 2025
  - Event: amendment
  source text: On March 10, 2023, Turtle Beach Corporation, a Nevada corporation (the “Company”), entered into the Third Amendment to Amended and Restated Loan, Guaranty and Security Agreement (the “Third Amendment”), by and among the Company, Voyetra Turtle Beach, Inc., TBC Holding Company LLC, Turtle Beach Europe Limited (“TBEU”), VTB Holdings, Inc., as guarantor, the financial institutions party thereto from time to time as lenders and Bank of America, N.A., as administrative agent, collateral agent and security trustee for the lenders. The Company executed the Third Amendment to extend its working capital line through April 2025 and to confirm the interest rate structure in connection with the phasing out of LIBOR.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493761/000092963823000844/0000929638-23-000844-index.htm
- Material Agreements
  Turtle Beach Corp amended Third Amendment to Amended and Restated Loan, Guaranty and Security Agreement with the financial institutions party thereto as lenders and Bank of America, N.A., as administrative agent (effective 2023-03-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the financial institutions party thereto as lenders and Bank of America, N.A., as administrative agent
  - Effective: 2023-03-10
  source text: On March 10, 2023, Turtle Beach Corporation, a Nevada corporation (the “Company”), entered into the Third Amendment to Amended and Restated Loan, Guaranty and Security Agreement (the “Third Amendment”), by and among the Company, Voyetra Turtle Beach, Inc., TBC Holding Company LLC, Turtle Beach Europe Limited (“TBEU”), VTB Holdings, Inc., as guarantor, the financial institutions party thereto from time to time as lenders and Bank of America, N.A., as administrative agent, collateral agent and security trustee for the lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493761/000092963823000844/0000929638-23-000844-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.