other material
confidence high
sentiment neutral
materiality 0.50
Sezzle amends WebBank agreements to keep subscription product issuance; adjusts credit facility
Sezzle Inc.
- Sezzle remains issuer of Sezzle Anywhere and Sezzle Premium; WebBank exclusive for Pay-in-2/4 and card products.
- Credit Agreement amended to allow Sezzle Funding SPE II to purchase loans from WebBank under the program.
- Amendments effective September 26, 2024; full terms to be filed in Q3 10-Q.
- WebBank is Sezzle's exclusive bank for originating and financing Pay-in-2/4 products, subject to limited exceptions.