---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-000324"
form_type: "8-K"
ticker: "BBW"
cik: "0001113809"
company_name: "BUILD-A-BEAR WORKSHOP INC"
filed_at: "2026-01-05T23:59:59+00:00"
generated_at: "2026-05-16T11:37:48.958722+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Build-A-Bear upsizes credit facility to $40M, extends maturity to 2030

## Summary
- Base borrowing increased from $25M to $40M (accordion to $50M).
- Maturity extended to December 31, 2030; interest rates reduced.
- Facility fee reduced from 0.25% to 0.20% of undrawn commitments.
- No outstanding borrowings at closing; company in compliance.
- Borrowings secured by substantially all personal property; swingline and LCs up to $5M each.

## SEC filing metadata
- accession: 0001437749-26-000324
- form_type: 8-K
- ticker: BBW
- cik: 0001113809
- company_name: BUILD-A-BEAR WORKSHOP INC
- filed_at: 2026-01-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113809/000143774926000324/0001437749-26-000324-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113809/000143774926000324/bbw20251231_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-000324
- JSON: https://secwatch.observer/filing/0001437749-26-000324.json
- Plain text: https://secwatch.observer/filing/0001437749-26-000324.txt

## Key facts
- Material Agreements
  BUILD-A-BEAR WORKSHOP INC entered into Third Amendment to Revolving Credit and Security Agreement with PNC Bank, National Association valued at Borrowing base increased from $25.0 million to $40.0 million, with accordion feature up to $50.0 mil (effective 2025-12-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Value: Borrowing base increased from $25.0 million to $40.0 million, with accordion feature up to $50.0 mil
  - Effective: 2025-12-31
  source text: On December 31, 2025, Build-A-Bear Workshop, Inc. (the “Company”), as borrowing agent; Build-A-Bear Retail Management, Inc., together with the Company, as borrowers (collectively, the “Borrowers”); and Build-A-Bear Workshop Franchise Holdings, Inc., Build-A-Bear Entertainment, LLC, Build-A-Bear Card Services, LLC and Build-A-Bear Workshop Canada, Ltd. (collectively, the “Guarantors”); entered into a Third Amendment to Revolving Credit and Security Agreement (the “Third Amendment”) with the lenders party thereto (the “Lenders”) and PNC Bank, National Association, as agent for Lenders (in such capacity, “Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113809/000143774926000324/0001437749-26-000324-index.htm

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