Allbirds, Inc. (BIRD): debt financing — Allbirds secures $75M credit facility and $50M ATM equity program

Allbirds, Inc.

New $50M asset-based revolving credit facility with $25M accordion (total $75M), replacing prior $50M facility maturing April 2026.
Facility priced at SOFR+575 bps, matures June 30, 2028; proceeds for general corporate purposes.
ATM sales agreement with TD Cowen for up to $50M of Class A common stock; registration for $22.5M filed but not yet effective.
Prior $50M revolving credit facility with JPMorgan Chase terminated upon repayment.
Company reported $39.1M cash as of March 31, 2025; CFO says actions enhance capital structure.

item 1.01 item 1.02 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Allbirds, Inc. incurred revolving credit of $50,000,000 with Second Avenue Capital Partners LLC at Term SOFR Reference Rate plus 0.15% plus 5.75% maturing June 30, 2028.

Instrument: revolving credit
Principal: $50,000,000
Counterparty: Second Avenue Capital Partners LLC
Rate: Term SOFR Reference Rate plus 0.15% plus 5.75%
Maturity: June 30, 2028
Event: incurrence

Exact text from the filing

On June 30, 2025, the Company, as borrower, entered into a Credit Agreement (the “ Credit Agreement ”) with Second Avenue Capital Partners LLC, as administrative agent and collateral agent (in such capacities, the “ Agent” ) and the lenders from time to time a party thereto (the “ Lenders ”), establishing a revolving credit facility in favor of the Company with aggregate revolving commitments initially set at $50,000,000, which can be increased, in the sole discretion of the Lenders, up to $75,000,000.

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Allbirds, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-153141

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