Arlo enters $45M revolving credit facility with HSBC; no amounts drawn

Arlo Technologies, Inc.

Three-year revolving credit facility of $45M maturing Nov 14, 2027; includes $10M LC sublimit.
Uncommitted accordion feature allows up to $30M additional commitments subject to conditions.
Interest at SOFR +2.25-2.75% or base rate +1.25-1.75%, based on total net leverage ratio; 0.20% unused fee.
Covenants: fixed charge coverage ≥1.50x and total net leverage ≤3.00x, tested quarterly.
Facility secured by substantially all assets of Arlo and its material subsidiary Arlo Ireland.

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