Honest Company amends credit facility, extends maturity to 2029, upsizes accordion to $70M

Honest Company, Inc.

Entered First Amendment to Credit Agreement on March 31, 2026, extending $35M revolving facility maturity to March 31, 2029.
No borrowings outstanding as of March 31; $1.5M in letters of credit issued under $15M subfacility.
Uncommitted accordion feature allows increase of up to $35M additional, for maximum $70M in revolving commitments.
Interest rate at option of Adjusted Term SOFR (floored at 0%) plus 1.75%-2.25% margin, or CB floating rate with margins of 0% to 0.25%.
Facility secured by substantially all assets of company and subsidiaries; subject to financial covenants including fixed charge coverage and leverage ratios.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Honest Company, Inc. amended First Amendment to Credit Agreement and First Amendment to Pledge and Security Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto valued at $35.0 million (effective 2026-03-31).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
Value: $35.0 million
Effective: 2026-03-31

Exact text from the filing

On March 31, 2026, The Honest Company, Inc. (the “Company”) entered into a First Amendment to Credit Agreement and First Amendment to Pledge and Security Agreement (the “Amendment”), among the Company, as borrower, the lenders party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, together with any successors and assigns, the “Administrative Agent”) for the Lenders.

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Honest Company, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-023738

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