Sezzle secures $300M credit facility with SOFR+3.86%, 3-yr term, up to 92.5% advance rate

Sezzle Inc.

• New $300M facility with $75M accordion; 3-month Term SOFR + 3.86%, down from prior 6.75% spread.
• Advance rate increased to up to 92.5% of eligible originations from 90% previously.
• $153.5M outstanding from prior $225M facility carried forward with no repayment at closing.
• Maturity May 7, 2029; minimum utilization lowered to $50M from $60M.
• Amendment allows dividends/repurchases up to $75M + 50% of net income after May 7, 2026.

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