---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-032249"
form_type: "8-K"
ticker: "GROV"
cik: "0001841761"
company_name: "Grove Collaborative Holdings, Inc."
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:11:05.294662+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-032249
- form_type: 8-K
- ticker: GROV
- cik: 0001841761
- company_name: Grove Collaborative Holdings, Inc.
- filed_at: 2024-07-19T23:59:59+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/1841761/000162828024032249/0001628280-24-032249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841761/000162828024032249/grov-20240716.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-032249
- JSON: https://secwatch.observer/filing/0001628280-24-032249.json
- Plain text: https://secwatch.observer/filing/0001628280-24-032249.txt

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