---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-023569"
form_type: "8-K"
ticker: "PLBY"
cik: "0001803914"
company_name: "Playboy, Inc."
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:12:25.198205+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PLBY Group repays $70M in senior debt, amends credit agreement to waive leverage covenants through Q2 2024

## Summary
- $70M aggregate prepayment: $25M in Dec 2022, $40M from Feb 2023 rights offering, $5M at amendment closing.
- Outstanding senior debt reduced to approximately $157M.
- Amendment eliminates cash maintenance covenants, lender board observer rights, and additional margin.
- Net leverage ratio covenant waived through Q2 2024.
- CEO Ben Kohn says paydown reduces cash burden and increases flexibility to improve capital structure.

## SEC filing metadata
- accession: 0001104659-23-023569
- form_type: 8-K
- ticker: PLBY
- cik: 0001803914
- company_name: Playboy, Inc.
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803914/000110465923023569/0001104659-23-023569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803914/000110465923023569/tm237337d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-023569
- JSON: https://secwatch.observer/filing/0001104659-23-023569.json
- Plain text: https://secwatch.observer/filing/0001104659-23-023569.txt

## Key facts
- Material Agreements
  Playboy, Inc. amended Amendment No. 4 to the Credit and Guaranty Agreement with Acquiom Agency Services LLC valued at The fourth amendment modifies the Existing Credit Agreement to, among other things, require mandator (effective 2023-02-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Acquiom Agency Services LLC
  - Value: The fourth amendment modifies the Existing Credit Agreement to, among other things, require mandator
  - Effective: 2023-02-17
  source text: On February 17, 2023, PLBY Group, Inc. (the “Company”) entered into Amendment No. 4 to the Credit and Guaranty Agreement (the “Fourth Amendment”), dated as of May 25, 2021 (as previously amended on August 11, 2021, August 8, 2022 and December 6, 2022, the “Existing Credit Agreement”, and as further amended by the Fourth Amendment), by and among the Company, Playboy Enterprises, Inc., the subsidiary guarantors party thereto, the lenders party thereto, and Acquiom Agency Services LLC, as the administrative agent and the collateral agent, to amend the terms of the Existing Credit Agreement to, among other things: (i) require that the mandatory prepayment of 80% of the Company’s offering proceeds apply only to the Company’s recent $50 million rights offering (thereby reducing the applicable prepayment cap to $40 million), (ii) require an additional $5 million prepayment by the Company as a condition to completing the Fourth Amendment, and (iii) reduce the prepayment threshold for waiving t
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803914/000110465923023569/0001104659-23-023569-index.htm

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