secwatch.observer — SEC 8-K summary
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Issuer:     Sezzle Inc. (SEZL)
CIK:        0001662991
Form:       8-K
Filed at:   2026-05-11T22:15:09+00:00
Accession:  0001662991-26-000071
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662991/000166299126000071/0001662991-26-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662991/000166299126000071/sezl-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001662991-26-000071

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