---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-119206"
form_type: "8-K"
ticker: "PLBY"
cik: "0001803914"
company_name: "Playboy, Inc."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:34:29.446847+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PLBY Group exchanges ~$65M of loans for Series B Convertible Preferred Stock; amends credit agreement

## Summary
- Issued 28,000 shares of Series B Convertible Preferred Stock in exchange for $6.4M Tranche A and $58.9M Tranche B loans.
- Preferred stock carries 12% annual dividend, convertible into common at $1.50–$4.50 per share, mandatory redemption by Dec 31, 2027.
- Amendment No. 3 reduces credit facility principal to ~$152.4M and sets interest margin at 6.25% + 0.10% over SOFR.
- Certificate of Elimination filed for Series A Preferred Stock (no shares outstanding).

## SEC filing metadata
- accession: 0001104659-24-119206
- form_type: 8-K
- ticker: PLBY
- cik: 0001803914
- company_name: Playboy, Inc.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803914/000110465924119206/0001104659-24-119206-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803914/000110465924119206/tm2428334d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-119206
- JSON: https://secwatch.observer/filing/0001104659-24-119206.json
- Plain text: https://secwatch.observer/filing/0001104659-24-119206.txt

## Key facts
- Governance Changes
  Playboy, Inc.: Filed Certificate of Elimination to eliminate matters related to Series A Preferred Stock from the Charter (effective 2024-11-12).
  - Change: charter amendment
  - Effective: 2024-11-12
  source text: On November 12, 2024, the Company filed a Certificate of Elimination to its Second Amended and Restated Certificate of Incorporation (the “ Charter ”) with the Secretary of State of the State of Delaware eliminating from the Charter all matters set forth in the Certificate of Designation with respect to its Series A Preferred Stock (the “ Series A Preferred Stock ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803914/000110465924119206/0001104659-24-119206-index.htm

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