---
schema_version: "secwatch.filing_event.v1"
accession: "0001530979-23-000013"
form_type: "8-K"
ticker: "HNST"
cik: "0001530979"
company_name: "Honest Company, Inc."
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:12:39.313086+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# The Honest Company enters $35M revolving credit facility, terminates prior facility

## Summary
- New $35M asset-based revolving credit facility with JPMorgan, matures April 30, 2026.
- Includes $15M letter of credit subfacility; $4.8M in letters of credit outstanding.
- Interest at Adjusted Term SOFR plus 1.50%-2.25% or CB floating rate minus 0.25%-0.50%.
- No borrowings outstanding as of Jan 27, 2023; prior $35M 2021 facility terminated.
- Availability subject to borrowing base; includes $10M availability block initially.

## SEC filing metadata
- accession: 0001530979-23-000013
- form_type: 8-K
- ticker: HNST
- cik: 0001530979
- company_name: Honest Company, Inc.
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530979/000153097923000013/0001530979-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530979/000153097923000013/hnst-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001530979-23-000013
- JSON: https://secwatch.observer/filing/0001530979-23-000013.json
- Plain text: https://secwatch.observer/filing/0001530979-23-000013.txt

## Key facts
- Debt Financings
  Honest Company, Inc. incurred revolving credit of $35.0 million revolving credit facility with JPMorgan Chase Bank, N.A. at Adjusted Term SOFR Rate (subject to a 0.00% floor), plus a margin ranging from 1 maturing April 30, 2026.
  - Instrument: revolving credit
  - Principal: $35.0 million revolving credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: Adjusted Term SOFR Rate (subject to a 0.00% floor), plus a margin ranging from 1
  - Maturity: April 30, 2026
  - Event: incurrence
  source text: On January 25, 2023, The Honest Company, Inc. (the “Company” ) entered into a first lien credit agreement (the “2023 Credit Facility”), with JPMorgan Chase Bank, N.A., as administrative agent and lender, and the other lenders party thereto, which provides for a $35.0 million revolving credit facility maturing on April 30, 2026 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530979/000153097923000013/0001530979-23-000013-index.htm
- Material Agreements
  Honest Company, Inc. entered into 2023 Credit Facility with JPMorgan Chase Bank, N.A. valued at $35.0 million revolving credit facility (effective 2023-01-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $35.0 million revolving credit facility
  - Effective: 2023-01-25
  source text: On January 25, 2023, The Honest Company, Inc. (the "Company" ) entered into a first lien credit agreement (the "2023 Credit Facility"), with JPMorgan Chase Bank, N.A., as administrative agent and lender, and the other lenders party thereto, which provides for a $35.0 million revolving credit facility maturing on April 30, 2026 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530979/000153097923000013/0001530979-23-000013-index.htm
- Material Agreements
  Honest Company, Inc. terminated 2021 Credit Facility with JPMorgan Chase Bank, N.A. valued at Terminated upon entry into the 2023 Credit Facility (effective 2023-01-25).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: Terminated upon entry into the 2023 Credit Facility
  - Effective: 2023-01-25
  source text: On January 25, 2023, u pon entry into the 2023 Credit Facility, the Company’s existing first lien credit agreement (the "2021 Credit Facility"), dated as of April 30, 2021, with JPMorgan Chase Bank, N.A., as administrative agent and lender, and the other lenders party thereto was terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530979/000153097923000013/0001530979-23-000013-index.htm

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