ACV Auctions ups revolving credit facility to $200M, extends maturity to Dec 2027

ACV Auctions Inc.

ACV Capital Funding II LLC's credit facility increased from $125M to $200M.
Scheduled Commitment Termination Date extended from June 20, 2026 to December 10, 2027.
Applicable Margin on loans reduced by 0.25% under the amended credit agreement.
Certain definitions for Concentration Limits, Eligible Dealers, and Eligible Vehicles modified.

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

ACV Auctions Inc. amended First Amendment to Revolving Credit and Security Agreement with Citibank, N.A. valued at Commitment amount increased from $125.0 million to $200.0 million; maturity extended from June 20, 2 (effective 2025-12-12).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A.
Value: Commitment amount increased from $125.0 million to $200.0 million; maturity extended from June 20, 2
Effective: 2025-12-12

Exact text from the filing

On December 12, 2025, the Company and ACV Capital Funding II LLC (“ACV Capital II”) entered into the First amendment (the “Amendment”) to the Revolving Credit and Security Agreement, dated as of June 20, 2024 (as amended, the “Credit Agreement”), among ACV Capital II, as borrower, the funding agents party thereto, the committed lenders party thereto, the conduit lenders party thereto and Citibank, N.A., as administrative agent.

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ACV Auctions Inc. filing history →

Source: SEC EDGAR

accession 0001637873-25-000025

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