{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-034952","form_type":"8-K","ticker":"SEZL","cik":"0001662991","company_name":"Sezzle Inc.","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.488690+00:00","generated_at":"2026-06-03T14:05:32.287876+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sezzle secures $150M credit facility at SOFR+6.75%, replacing prior $100M facility at SOFR+11.50%","bullets":["New $150M facility (plus $75M accordion) matures April 19, 2027.","Interest rate reduced to 3-month Term SOFR + 6.75% from prior SOFR + 11.50%.","Advance rate 85%-90% of eligible originations; minimum utilization $60M (down from $80M).","Proceeds repaid $72M outstanding under prior Bastion facility.","CFO says lower-cost facility enhances ability to fund growth in US and Canada."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-034952","json":"https://secwatch.observer/filing/0001213900-24-034952.json","markdown":"https://secwatch.observer/filing/0001213900-24-034952.md","text":"https://secwatch.observer/filing/0001213900-24-034952.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1662991/000121390024034952/0001213900-24-034952-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1662991/000121390024034952/ea0204320-8k_sezzleinc.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T14:05:32.287876+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bd8beeb962bc455629c09039d71b81cad4e0e063","claim":"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.","evidence_excerpt":"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).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1662991/000121390024034952/0001213900-24-034952-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $150.0 million"},{"label":"Counterparty","value":"Bastion Funding VI LP"},{"label":"Rate","value":"3-month Term SOFR plus 6.75%"},{"label":"Maturity","value":"April 19, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9256b8ee803d325edc7e7dc5b0cdc8009dee6827","claim":"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).","evidence_excerpt":"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).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1662991/000121390024034952/0001213900-24-034952-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bastion Funding VI LP, as administrative agent, and certain lenders"},{"label":"Value","value":"$150.0 million"},{"label":"Effective","value":"2024-04-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}