ACV Auctions expands credit facility to $250M, extends maturity to 2030

ACV Auctions Inc.

Revolving credit facility increased from $160M to $250M; maturity extended from Aug 2026 to June 26, 2030.
SOFR margin set at 2.750% pre-covenant-conversion and 2.500% post-conversion; ABR margin at 1.750% and 1.500% respectively.
New maximum Total Net Leverage Ratio of 4.0x initially, stepping to 3.5x after Q2 2027; minimum revenue and liquidity covenants then drop.
Indiana Auto Auction LLC and ACV Capital LLC added as guarantors, securing debt with substantially all assets.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.