secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0001484778-23-000241
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

ThredUp amends credit agreement, reduces Term B commitment from $38M to $22.5M
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- Term B Loan commitment reduced from $38M to $22.5M; no amounts outstanding.
- Negative covenant amended to permit stock repurchases under specified conditions.
- Financial covenants modified, including cash availability and fixed charge coverage ratio.
- Interest on cash deposits adjusted to Fed Funds Rate +/- small spreads.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477823000241/0001484778-23-000241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477823000241/tdup-20231214.htm
  HTML page:      https://secwatch.observer/filing/0001484778-23-000241

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