secwatch.observer — SEC 8-K summary
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Issuer:     Grove Collaborative Holdings, Inc. (GROV)
CIK:        0001841761
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001628280-24-049138
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841761/000162828024049138/0001628280-24-049138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841761/000162828024049138/grov-20241121.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-049138

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