Turtle Beach amends credit covenant to allow up to $10M in restricted payments through June 2026

Turtle Beach Corp

First Amendment to Credit Agreement dated Dec 29, 2025, with Bank of America as agent.
Amends Consolidated Fixed Charge Coverage Ratio to exclude up to $10M of restricted payments for trailing twelve months ending Mar 31, 2026 and Jun 30, 2026.
Also excludes $9.45M for period ending Sep 30, 2025 and $7.005M for Dec 31, 2025 from covenant calculation.
No other material changes to the credit agreement; existing terms remain in effect.
Provides increased financial flexibility for dividends, share repurchases, or other restricted payments.

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