Grove Collaborative repays $30.35M term loan, amends ABL facility to reduce liquidity hurdles

Grove Collaborative Holdings, Inc.

Repaid and terminated Term Loan Agreement in full; paid $30,349,672.50 to discharge all obligations.
Amended ABL loan agreement to reduce minimum liquidity requirement to $5M from previous higher thresholds.
Cash dominion event threshold lowered to Liquidity <$10M or Excess Availability <$2.5M.
Appraisal triggers revised with tiered liquidity thresholds ($20M, $10M, and below $10M).
Consent fee of $50,000 paid to Siena Lending Group for the amendment.

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