secwatch.observer — SEC 8-K summary
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Issuer:     Allbirds, Inc. (BIRD)
CIK:        0001653909
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001653909-23-000045
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allbirds amends credit facility: commitment to $50M, maturity extended to 2026, margin up 50bps
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- Committed amount under revolving credit facility increased from $40M to $50M; uncommitted incremental capacity raised from $35M to $50M.
- Maturity extended from Feb 20, 2024 to April 17, 2026; interest rate margin increased by 0.50% to SOFR+1.75%/2.00% based on availability.
- Dominion Event Date triggered when Availability falls below 25% of total commitments, requiring additional reporting/controls.
- Amendment with JPMorgan Chase; no other lenders listed. All conditions satisfied as of April 17, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653909/000165390923000045/0001653909-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653909/000165390923000045/bird-20230417.htm
  HTML page:      https://secwatch.observer/filing/0001653909-23-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer