secwatch.observer — SEC 8-K summary
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Issuer:     Honest Company, Inc. (HNST)
CIK:        0001530979
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001628280-26-023738
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530979/000162828026023738/0001628280-26-023738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530979/000162828026023738/hnst-20260331.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-023738

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