Grove Collaborative prepays $42M term loan, eases debt covenants and extends maturity to 2026

Grove Collaborative Holdings, Inc.

Prepaid $42M of principal on Term Loan Agreement dated Dec 2022.
Amended Term Loan: minimum Unrestricted Cash reduced to $23.75M; Amortization Date extended to Jan 1, 2026.
Amended ABL loan: cash dominion triggered if revolver > $20M or liquidity < $30M; availability block = $3.5M if liquidity < $23.75M.
Paid $5k term loan and $13.5k ABL lender expenses in connection with amendments.
ABL amendment notes a Liquidity Increase Trigger Event occurred as of July 16, 2024.

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.