---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-153141"
form_type: "8-K"
ticker: "BIRD"
cik: "0001653909"
company_name: "Allbirds, Inc."
filed_at: "2025-07-01T23:59:59+00:00"
generated_at: "2026-05-18T10:00:15.186767+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Allbirds secures $75M credit facility and $50M ATM equity program

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-153141
- form_type: 8-K
- ticker: BIRD
- cik: 0001653909
- company_name: Allbirds, Inc.
- filed_at: 2025-07-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653909/000119312525153141/0001193125-25-153141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653909/000119312525153141/d66594d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-153141
- JSON: https://secwatch.observer/filing/0001193125-25-153141.json
- Plain text: https://secwatch.observer/filing/0001193125-25-153141.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653909/000119312525153141/0001193125-25-153141-index.htm

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