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.

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