---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-127380"
form_type: "8-K"
ticker: "BZFD"
cik: "0001828972"
company_name: "BuzzFeed, Inc."
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T04:17:10.409001+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# BuzzFeed extends credit facility maturity to Dec 2025, switches from LIBOR to SOFR

## Summary
- Maturity date extended to December 30, 2025 (from existing date).
- Interest rate benchmark replaced: LIBOR replaced with SOFR Index Rate plus margin.
- Early termination fee: 2% if terminated before Dec 30, 2023; 1% before Dec 30, 2024; 0.5% thereafter.
- BuzzFeed paid a $200,000 amendment fee to White Oak Commercial Finance.

## SEC filing metadata
- accession: 0001104659-22-127380
- form_type: 8-K
- ticker: BZFD
- cik: 0001828972
- company_name: BuzzFeed, Inc.
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828972/000110465922127380/0001104659-22-127380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828972/000110465922127380/tm2232634d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-127380
- JSON: https://secwatch.observer/filing/0001104659-22-127380.json
- Plain text: https://secwatch.observer/filing/0001104659-22-127380.txt

## Key facts
- Material Agreements
  BuzzFeed, Inc. amended First Amendment to the Amended and Restated Loan and Security Agreement with White Oak Commercial Finance, LLC valued at Amends the Loan Agreement to extend maturity to December 30, 2025, replace LIBOR with SOFR Index Rat (effective 2022-12-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: White Oak Commercial Finance, LLC
  - Value: Amends the Loan Agreement to extend maturity to December 30, 2025, replace LIBOR with SOFR Index Rat
  - Effective: 2022-12-15
  source text: On December 15, 2022, BuzzFeed, Inc. (the “ Company ”), BuzzFeed Media Enterprises, Inc., as administrative borrower, certain of the Company’s other domestic subsidiaries, as borrowers and/or guarantors, White Oak Commercial Finance, LLC, as administrative agent, and the other lenders from time to time party thereto, entered into the First Amendment to the Amended and Restated Loan and Security Agreement (the “ First Amendment ”), which amends the Amended and Restated Loan and Security Agreement dated December 3, 2021 (the “Loan Agreement”). The First Amendment amends the Loan Agreement to, among other things, (i) extend the maturity date of the Loan Agreement to December 30, 2025; (ii) replace the LIBOR Rate with the SOFR Index Rate; and (iii) provide for an early termination fee of between 0.5% and 2% of the maximum facility loan amount. The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by the full text of the First Amen
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828972/000110465922127380/0001104659-22-127380-index.htm

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