Grove Collaborative extends ABL loan maturity to April 2028, removes minimum liquidity covenant

Grove Collaborative Holdings, Inc.

Maturity extended by approximately 3 years to April 10, 2028.
Minimum liquidity covenant eliminated; no further quarterly testing.
Fixed interest margins: 4.25% (Term SOFR) and 3.25% (Base Rate).
Amendment executed May 8, 2025 with Siena Lending Group LLC.
Provides greater financial flexibility and reduces near-term covenant risk.

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