---
schema_version: "secwatch.filing_event.v1"
accession: "0001484778-22-000120"
form_type: "8-K"
ticker: "TDUP"
cik: "0001484778"
company_name: "ThredUp Inc."
filed_at: "2022-07-20T23:59:59+00:00"
generated_at: "2026-06-24T11:11:28.763837+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ThredUp enters $70M amended credit facility; refinances $32M term loan

## Summary
- Aggregate borrowing ability increased to $70M via Term A ($32M fully drawn) and Term B ($38M undrawn).
- Term A refinanced existing obligations; Term B available for eligible equipment purchases.
- Maturity extended to five years from July 14, 2022; interest rate Prime Rate (floor 4.75%) + 1.25%.
- Financial covenants include cash availability, minimum revenue, and Fixed Charge Coverage Ratio from Q1 2025.
- Collateral covers substantially all personal property; change of control triggers event of default.

## SEC filing metadata
- accession: 0001484778-22-000120
- form_type: 8-K
- ticker: TDUP
- cik: 0001484778
- company_name: ThredUp Inc.
- filed_at: 2022-07-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1484778/000148477822000120/0001484778-22-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1484778/000148477822000120/tdup-20220714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001484778-22-000120
- JSON: https://secwatch.observer/filing/0001484778-22-000120.json
- Plain text: https://secwatch.observer/filing/0001484778-22-000120.txt

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