---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-005455"
form_type: "8-K"
ticker: "ATER"
cik: "0001757715"
company_name: "Aterian, Inc."
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T15:27:39.009612+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Aterian extends credit facility to Dec 2026, reduces liquidity covenant to $6.8M

## Summary
- Revolving commitment reduced to $17M, expandable to $30M if additional tranche fully activated.
- Maturity extended to December 22, 2026; extension fee less than $0.1M.
- Minimum Credit Party Liquidity lowered to $6.8M from prior peak of $15M.
- Slow-moving inventory borrowing base capped at 15% of eligible inventory.
- Company targets adjusted EBITDA profitability in H2 2024 with strengthened balance sheet.

## SEC filing metadata
- accession: 0001437749-24-005455
- form_type: 8-K
- ticker: ATER
- cik: 0001757715
- company_name: Aterian, Inc.
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1757715/000143774924005455/0001437749-24-005455-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1757715/000143774924005455/ater20240223_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-005455
- JSON: https://secwatch.observer/filing/0001437749-24-005455.json
- Plain text: https://secwatch.observer/filing/0001437749-24-005455.txt

## Key facts
- Material Agreements
  Aterian, Inc. entered into Amendment No.2 to Credit and Security Agreement dated December 22, 2021 with Midcap Funding IV Trust, as administrative agent, and the lenders party thereto valued at Amendment to Credit and Security Agreement reducing borrowing base attributes, extending commitment (effective 2024-02-23).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Midcap Funding IV Trust, as administrative agent, and the lenders party thereto
  - Value: Amendment to Credit and Security Agreement reducing borrowing base attributes, extending commitment
  - Effective: 2024-02-23
  source text: On February 23, 2024, the Company entered into Amendment No.2 (the “ Amendment ”) to that Credit and Security Agreement dated as of December 22, 2021 (the “ Credit Agreement ”) between the Company, together with certain of its subsidiaries party thereto as borrowers, the entities party thereto as lenders (the “ Lenders ”), and Midcap Funding IV Trust, as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757715/000143774924005455/0001437749-24-005455-index.htm

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