debt
confidence high
sentiment neutral
materiality 0.60
Vroom Extends Warehouse Credit Facility One to July 2, 2026 and Alters Facility Two Covenants
Vroom, Inc.
- Amendment No. 28 extends Warehouse Credit Facility One's Commitment Termination Date from June 2, 2026 to July 2, 2026.
- Amendment No. 10 reduces the advance rate on certain receivables under Warehouse Credit Facility Two.
- Amendment No. 10 reduces the Minimum Tangible Net Worth covenant for Warehouse Credit Facility Two.
- Amendment No. 10 adds undrawn committed availability under the Senior Secured Delayed Draw Convertible Note due 2032 to Available Liquidity.
- Amendment No. 10 updates undrawn availability under the Mudrick Capital Facility.