debt
confidence high
sentiment neutral
materiality 0.50
Laird Superfood amends credit facility: maturity extended to Aug 2023, line reduced to $5M
Laird Superfood, Inc.
- Maturity of $5M Wells Fargo credit line extended 12 months to August 31, 2023.
- Available line reduced from $9.5M to $5.0M; no amounts outstanding under agreement.
- New quarterly covenant: maintain unencumbered liquid assets of at least $10.0M.
- Amendment required a non-refundable change fee of $6,250 to Wells Fargo.