---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-023703"
form_type: "8-K"
ticker: "PRPL"
cik: "0001643953"
company_name: "Purple Innovation, Inc."
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T21:22:28.758490+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Purple Innovation ups term loan by $19M to $80M, grants warrants for 6.2M shares at $1.50

## Summary
- Amended credit agreement increases senior secured term loan facility from up to $61M to up to $80M on March 12, 2025.
- Issued warrants to purchase 6,229,508 shares of Class A common stock at $1.50 per share to the 2025 Term Loan Lenders.
- Incremental loan bears same interest rate as initial loan; fees include 2% of outstanding principal paid in kind.
- Entered into Second Amended and Restated Registration Rights Agreement providing for registration of warrants and underlying shares.
- Loan Parties may request up to $20M in additional term loans on terms subject to Required Lenders' approval.

## SEC filing metadata
- accession: 0001213900-25-023703
- form_type: 8-K
- ticker: PRPL
- cik: 0001643953
- company_name: Purple Innovation, Inc.
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643953/000121390025023703/0001213900-25-023703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643953/000121390025023703/ea0233719-8k_purple.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-023703
- JSON: https://secwatch.observer/filing/0001213900-25-023703.json
- Plain text: https://secwatch.observer/filing/0001213900-25-023703.txt

## Key facts
- Debt Financings
  Purple Innovation, Inc. amended credit facility of increase in the initial principal amount of the senior secured term loan facility by $19.0 million with 2025 Term Loan Lenders at bear interest at the same rate as the Initial Loan.
  - Instrument: credit facility
  - Principal: increase in the initial principal amount of the senior secured term loan facility by $19.0 million
  - Counterparty: 2025 Term Loan Lenders
  - Rate: bear interest at the same rate as the Initial Loan
  - Event: amendment
  source text: The Amendment, among other things, provides for an increase in the initial principal amount of the senior secured term loan facility by $19.0 million (the “Incremental Loan”) from an aggregate principal amount of up to $61.0 million (the “Initial Loan”) to an initial aggregate principal amount of up to $80.0 million (the “Loan”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390025023703/0001213900-25-023703-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.