Allbirds, Inc. (BIRD): debt financing — Allbirds amends credit agreement: revolver cut to $44.2M, adds $5.8M term loans

Allbirds, Inc.

Third Amendment reduces revolving commitments from $50M to $44.2M.
New Term Loan A of up to $3.3M and Term Loan B of up to $2.5M added.
Amendment includes waiver of prepayment requirements for the reduction.
Conditions precedent include Solvency certificate and no Material Adverse Effect since Dec. 31, 2025.
Loan parties release all claims against lenders and agent through the amendment date.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Allbirds, Inc. amended credit facility of reduces the Revolving Commitments from $50 million to $44.2 million with Second Avenue Capital Partners LLC.

Instrument: credit facility
Principal: reduces the Revolving Commitments from $50 million to $44.2 million
Counterparty: Second Avenue Capital Partners LLC
Event: amendment

Exact text from the filing

The Third Amendment to Credit Agreement, among other things, (i) reduces the Revolving Commitments from $50 million to $44.2 million; and (ii) provides two new tranches of debt as the Term Loan A Loan, in the maximum commitment amount of $3,300,000, and Term Loan B Loan, in the maximum commitment amount of $2,500,000

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Allbirds, Inc. incurred term loan of maximum commitment amount of $3,300,000 with Second Avenue Capital Partners LLC.

Instrument: term loan
Principal: maximum commitment amount of $3,300,000
Counterparty: Second Avenue Capital Partners LLC
Event: incurrence

Exact text from the filing

provides two new tranches of debt as the Term Loan A Loan, in the maximum commitment amount of $3,300,000

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Allbirds, Inc. incurred term loan of maximum commitment amount of $2,500,000 with Second Avenue Capital Partners LLC.

Instrument: term loan
Principal: maximum commitment amount of $2,500,000
Counterparty: Second Avenue Capital Partners LLC
Event: incurrence

Exact text from the filing

Entry into Asset Purchase Agreement On May 26, 2026, Allbirds, Inc., a Delaware public benefit corporation (the “ Company ”), Allbirds International, Inc., a Delaware corporation (the “ Guarantor ”), the Lenders party thereto, and Second Avenue Capital Partners LLC, as Administrative Agent and Collateral Agent (in such capacities, the “ Agent ”) entered into a Third Amendment to Credit Agreement (the “ Third Amendment to Credit Agreement ”), which Third Amendment to Credit Agreement amends that certain Credit Agreement dated as of June 30, 2025 (as amended by that certain Consent and First Amendment to Credit Agreement, dated as of March 29, 2026 and that certain Second Amendment to Credit Agreement and Other Loan Documents, dated as of April 19, 2026, the “ Existing Credit Agreement, ” and as further amended by the Third Amendment to Credit Agreement, the “ Amended Credit Agreement ”),

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

Allbirds, Inc. amended Third Amendment to Credit Agreement with Second Avenue Capital Partners LLC (effective 2026-05-26).

Action: amendment
Agreement: credit facility
Counterparty: Second Avenue Capital Partners LLC
Effective: 2026-05-26

Exact text from the filing

On May 26, 2026, Allbirds, Inc., a Delaware public benefit corporation (the “ Company ”), Allbirds International, Inc., a Delaware corporation (the “ Guarantor ”), the Lenders party thereto, and Second Avenue Capital Partners LLC, as Administrative Agent and Collateral Agent (in such capacities, the “ Agent ”) entered into a Third Amendment to Credit Agreement (the “ Third Amendment to Credit Agreement ”), which Third Amendment to Credit Agreement amends that certain Credit Agreement dated as of June 30, 2025

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Allbirds, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-038894

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