---
schema_version: "secwatch.filing_event.v1"
accession: "0001490281-22-000127"
form_type: "8-K"
ticker: "GRPN"
cik: "0001490281"
company_name: "Groupon, Inc."
filed_at: "2022-09-29T23:59:59+00:00"
generated_at: "2026-06-23T06:41:06.139354+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Groupon amends credit agreement: revolver cut to $150M, covenants eased, $40M drawn

## Summary
- Revolver reduced from $225M to $150M; additional $40M drawn on closing (Sept 28, 2022).
- Max funded debt/EBITDA ratio loosened to 4.50x through June 2023 (from 3.25x); then 4.25x.
- Minimum liquidity changed to 100% of accrued merchant & supplier payables (monthly) from 70%.
- EBITDA add-back cap increased to $100M for Q3/Q4 2022, stepping down to $60M thereafter.
- Interest rate benchmark switched from LIBOR to Term SOFR+10bps; ABR spreads temporarily raised.

## SEC filing metadata
- accession: 0001490281-22-000127
- form_type: 8-K
- ticker: GRPN
- cik: 0001490281
- company_name: Groupon, Inc.
- filed_at: 2022-09-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1490281/000149028122000127/0001490281-22-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1490281/000149028122000127/grpn-20220928.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001490281-22-000127
- JSON: https://secwatch.observer/filing/0001490281-22-000127.json
- Plain text: https://secwatch.observer/filing/0001490281-22-000127.txt

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