Karat Packaging subsidiary enters $28.7M term loan at 4.375% with East West Bank

Karat Packaging Inc.

Global Wells, a consolidated VIE of Karat, borrowed $28.7M (initial $20.7M, up to $8M additional) at 4.375% fixed.
Loan matures July 1, 2027; proceeds used to pay down existing term loan and for general corporate purposes.
Option to request additional advances up to $8M through June 30, 2023.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.