---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-025963"
form_type: "8-K"
ticker: null
cik: "0001834045"
company_name: "Vintage Wine Estates, Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:03:24.549217+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vintage Wine Estates enters forbearance with lenders, cuts revolver to $180M, advances asset sales

## Summary
- Forbearance agreement with BMO Bank N.A. and lenders until March 31, 2024; revolving commitments reduced from $200M to $180M.
- Interest rate on revolver increased by 100 bps during forbearance period.
- Principal outstanding $324.3M as of Feb 29, 2024 under Second A&R Loan and Security Agreement.
- Engaged Oppenheimer & Co. to sell non-core assets; received non-binding LOI and multiple attractive bids.
- Expects to report Q2 fiscal 2024 results on March 12, 2024 (quarter ended Dec 31, 2023).

## SEC filing metadata
- accession: 0000950170-24-025963
- form_type: 8-K
- cik: 0001834045
- company_name: Vintage Wine Estates, Inc.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834045/000095017024025963/0000950170-24-025963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834045/000095017024025963/vwe-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-025963
- JSON: https://secwatch.observer/filing/0000950170-24-025963.json
- Plain text: https://secwatch.observer/filing/0000950170-24-025963.txt

## Key facts
- Debt Financings
  Vintage Wine Estates, Inc. amended revolving credit of $180 million with BMO Bank N.A..
  - Instrument: revolving credit
  - Principal: $180 million
  - Counterparty: BMO Bank N.A.
  - Event: amendment
  source text: reduces the revolving commitments under the Loan Agreement from $200 million to $180 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834045/000095017024025963/0000950170-24-025963-index.htm

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