secwatch.observer — SEC 8-K summary
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Issuer:     Honest Company, Inc. (HNST)
CIK:        0001530979
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001530979-23-000013
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530979/000153097923000013/0001530979-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530979/000153097923000013/hnst-20230125.htm
  HTML page:      https://secwatch.observer/filing/0001530979-23-000013

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