Playboy amends Miami lease and leases additional floor space through 2037

Playboy, Inc.

Original lease amended: delivery date moved to Jan 1, 2027; term extended to Nov 30, 2037; rent abated from Jan–Jul 2027 then escalates from $176,479/month.
New lease for additional 5,696 RSF on same floor: term to Nov 30, 2037; base rent $49,840/month from Mar 2027 (abated through Feb 2027); $600K letter of credit required.
Both leases contain cross-default provisions; Playboy now leases the entire sixth floor.
Landlord must complete amenities (lobby, speakeasy, gym) by Aug 31, 2026 or face rent abatement and potential termination rights for Tenant.
Tenant has two five-year renewal options under the new lease.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Playboy, Inc. entered into Additional Lease with RK Rivani LLC valued at Lease of rest of floor; term from May 1, 2026 to Nov 30, 2037 with two five-year renewal options; ba (effective 2026-05-01).

Action: entry
Agreement: lease
Counterparty: RK Rivani LLC
Value: Lease of rest of floor; term from May 1, 2026 to Nov 30, 2037 with two five-year renewal options; ba
Effective: 2026-05-01

Exact text from the filing

On May 14, 2026, PEI also entered into a new lease agreement (the “Additional Lease”) with the Landlord, pursuant to which, among other matters and on the terms and subject to the conditions set forth in the Additional Lease, PEI will lease the rest of the floor of the building not already part of the Premises, such that, with the Original Lease (as amended) and the Additional Lease, PEI has rented the entire floor of the building for use as the office of the Company and its subsidiaries.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Playboy, Inc. amended Lease Amendment with RK Rivani LLC valued at Amendment changes delivery/term commencement to Jan 1, 2027; expiration to Nov 30, 2037; abates rent (effective 2026-05-14).

Action: amendment
Agreement: lease
Counterparty: RK Rivani LLC
Value: Amendment changes delivery/term commencement to Jan 1, 2027; expiration to Nov 30, 2037; abates rent
Effective: 2026-05-14

Exact text from the filing

On May 14, 2026, Playboy Enterprises, Inc. (“PEI”), a Delaware corporation and a wholly-owned subsidiary of Playboy, Inc. (the “Company”), entered into an Amendment to Lease Agreement (the “Lease Amendment”) with RK Rivani LLC, a Florida limited liability company (the “Landlord”), which amends that certain lease agreement entered into by PEI and the Landlord, on August 11, 2025 (the “Original Lease”), for the rental of office space comprising most of an entire floor (the “Premises”) of a building in Miami Beach.

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Playboy, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-035592

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