Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
Sezzle Inc. incurred revolving credit of $300 million with Bastion Funding VI, LP at 3-month Term SOFR plus 3.86% maturing May 7, 2029.
- Instrument
- revolving credit
- Principal
- $300 million
- Counterparty
- Bastion Funding VI, LP
- Rate
- 3-month Term SOFR plus 3.86%
- Maturity
- May 7, 2029
- Event
- incurrence
Exact text from the filing
On May 7, 2026, Sezzle Funding SPE II, LLC (the "Borrower"), a wholly owned indirect subsidiary of Sezzle Inc. ("Sezzle" or the "Company"), Bastion Funding VI, LP, as administrative agent (the "Agent"), and certain lenders party thereto, executed the Amended and Restated Revolving Credit and Security Agreement (the "Credit Agreement"). Under the Credit Agreement, the Borrower entered into a senior, secured, asset-based revolving credit facility (the "Revolving Credit Facility") with a borrowing capacity of up to $300 million, and the option to increase the borrowing capacity by an additional $75 million. The Credit Agreement has a maturity date of May 7, 2029. The Revolving Credit Facility carries an interest rate of 3-month Term SOFR plus 3.86%, with a 3-month Term SOFR floor of 2.00%.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Sezzle Inc. entered into Amended and Restated Revolving Credit and Security Agreement with Bastion Funding VI, LP, as administrative agent, and certain lenders party thereto valued at $300 million (effective 2026-05-07).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bastion Funding VI, LP, as administrative agent, and certain lenders party thereto
- Value
- $300 million
- Effective
- 2026-05-07
Exact text from the filing
On May 7, 2026, Sezzle Funding SPE II, LLC (the “Borrower”), a wholly owned indirect subsidiary of Sezzle Inc. (“Sezzle” or the “Company”), Bastion Funding VI, LP, as administrative agent (the “Agent”), and certain lenders party thereto, executed the Amended and Restated Revolving Credit and Security Agreement (the “Credit Agreement”).
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