Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Sezzle Inc. incurred revolving credit of up to $150.0 million with Bastion Funding VI LP at 3-month Term SOFR plus 6.75% maturing April 19, 2027.
- Instrument
- revolving credit
- Principal
- up to $150.0 million
- Counterparty
- Bastion Funding VI LP
- Rate
- 3-month Term SOFR plus 6.75%
- Maturity
- April 19, 2027
- Event
- incurrence
Exact text from the filing
On April 19, 2024, Sezzle Funding SPE II, LLC (the Borrower), a wholly owned indirect subsidiary of Sezzle Inc. (the Company), entered into a senior secured asset-based revolving credit facility (the new revolving credit facility), with a borrowing capacity of up to $150.0 million, which is governed by a Revolving Credit and Security Agreement (the Credit Agreement) entered into by the Borrower, certain lenders party thereto and Bastion Funding VI LP, as administrative agent (the Agent).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Sezzle Inc. entered into Credit Agreement with Bastion Funding VI LP, as administrative agent, and certain lenders valued at $150.0 million (effective 2024-04-19).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bastion Funding VI LP, as administrative agent, and certain lenders
- Value
- $150.0 million
- Effective
- 2024-04-19
Exact text from the filing
On April 19, 2024, Sezzle Funding SPE II, LLC (the Borrower), a wholly owned indirect subsidiary of Sezzle Inc. (the Company), entered into a senior secured asset-based revolving credit facility (the new revolving credit facility), with a borrowing capacity of up to $150.0 million, which is governed by a Revolving Credit and Security Agreement (the Credit Agreement) entered into by the Borrower, certain lenders party thereto and Bastion Funding VI LP, as administrative agent (the Agent).
View on SEC.gov