---
schema_version: "secwatch.filing_event.v1"
accession: "0001662991-24-000290"
form_type: "8-K"
ticker: "SEZL"
cik: "0001662991"
company_name: "Sezzle Inc."
filed_at: "2024-10-18T23:59:59+00:00"
generated_at: "2026-05-30T12:46:55.877234+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sezzle amends credit agreement, loosens dividend and buyback restrictions

## Summary
- Amendment No. 2 to Limited Guaranty and Indemnity Agreement with Bastion Funding VI LP dated Oct 15, 2024.
- Updates minimum tangible net worth covenant and expands ability to make restricted payments (dividends/repurchases).
- Permits restricted payments if trailing 12-month net income positive; cap is 50% of net income from Oct 2021-Oct 2022 plus 50% of monthly net income thereafter.
- Company can now return more capital to shareholders subject to covenant conditions.

## SEC filing metadata
- accession: 0001662991-24-000290
- form_type: 8-K
- ticker: SEZL
- cik: 0001662991
- company_name: Sezzle Inc.
- filed_at: 2024-10-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662991/000166299124000290/0001662991-24-000290-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662991/000166299124000290/szl-20241015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001662991-24-000290
- JSON: https://secwatch.observer/filing/0001662991-24-000290.json
- Plain text: https://secwatch.observer/filing/0001662991-24-000290.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.