Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Purple Innovation, Inc. incurred term loan of $61.0 million with Coliseum Capital Partners, L.P., Blackwell Partners LLC – Series A, Harvest Small Cap Partners Master, Ltd., Harvest Small Cap Partners, L.P., and HSCP Strategic IV, L.P. at secured overnight financing rate as administered by the Federal Reserve Bank of maturing December 31, 2026.
- Instrument
- term loan
- Principal
- $61.0 million
- Counterparty
- Coliseum Capital Partners, L.P., Blackwell Partners LLC – Series A, Harvest Small Cap Partners Master, Ltd., Harvest Small Cap Partners, L.P., and HSCP Strategic IV, L.P.
- Rate
- secured overnight financing rate as administered by the Federal Reserve Bank of
- Maturity
- December 31, 2026
- Event
- incurrence
Exact text from the filing
Agreement and, pursuant to the Second Amendment and the Amended and Restated Credit Agreement, have agreed to refinance existing obligations with a term loan in the amount of $61.0 million, to Purple Innovation, LLC, an operating subsidiary of the Company (“Purple LLC”). Immediately preceding the transaction, net liquidity, including cash and cash equivalents as
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.85
Purple Innovation, Inc. updated its 2023 guidance (reaffirmed).
- Period
- 2023
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
The press release also reaffirmed the Company’s previously provided guidance for net revenue and adjusted EBITDA for 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Purple Innovation, Inc. terminated ABL Agreement with Bank of Montreal and the ABL Lenders valued at All obligations under the ABL Agreement have been paid in full and the ABL Agreement has been termin (effective 2024-01-23).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Bank of Montreal and the ABL Lenders
- Value
- All obligations under the ABL Agreement have been paid in full and the ABL Agreement has been termin
- Effective
- 2024-01-23
Exact text from the filing
In connection with the entry into the Second Amendment and the Amended and Restated Credit Agreement, all obligations under the ABL Agreement have been paid in full and the ABL Agreement has been terminated.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Purple Innovation, Inc. amended Amended and Restated Credit Agreement with Coliseum Capital Partners, L.P., Blackwell Partners LLC – Series A, Harvest Small Cap Partners Master, Ltd., Harvest Small Cap Partners, L.P., HSCP Strategic IV, L.P. valued at $61.0 million term loan (effective 2024-01-23).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Coliseum Capital Partners, L.P., Blackwell Partners LLC – Series A, Harvest Small Cap Partners Master, Ltd., Harvest Small Cap Partners, L.P., HSCP Strategic IV, L.P.
- Value
- $61.0 million term loan
- Effective
- 2024-01-23
Exact text from the filing
On January 23, 2024, the Loan Parties entered into a Second Amendment to Term Loan Agreement (the “Second Amendment”) and concurrently therewith an Amended and Restated Credit Agreement (the “Amended and Restated Credit Agreement), which amended and restated the Term Loan Agreement, with Coliseum Capital Partners, L.P. (“CCP”), Blackwell Partners LLC – Series A (“Blackwell”), Harvest Small Cap Partners Master, Ltd. (“Harvest Master”), Harvest Small Cap Partners, L.P. (“Harvest Partners”), and HSCP Strategic IV, L.P. (“HSCP” and together with CCP, Blackwell, Harvest Master, and Harvest Partners, the “Lenders”) and Delaware Trust Company, as administrative agent.
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