Lifeway Foods amends credit agreement; extends maturity to Feb 2029, adjusts covenant for Waukesha expansion

Lifeway Foods, Inc.

Termination date extended to February 5, 2029; no outstanding borrowings at entry.
Fixed Charge Coverage Ratio modified through June 2027 to exclude up to $50M of unfinanced Waukesha capex for plant optimization and capacity expansion.
Change of Control definition updated to exclude certain board changes from the October/November 2025 settlement agreement.
Credit agreement otherwise unchanged; conditions include updated schedules and payment of lender costs.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lifeway Foods, Inc. amended Sixth Modification to the Amended and Restated Loan and Security Agreement with CIBC Bank USA (effective 2025-12-29).

Action: amendment
Agreement: credit facility
Counterparty: CIBC Bank USA
Effective: 2025-12-29

Exact text from the filing

On December 29, 2025, Lifeway Foods, Inc. (“Lifeway”), Fresh Made, Inc., a wholly-owned subsidiary of Lifeway (“Fresh Made”), Lifeway Wisconsin, Inc., a wholly-owned subsidiary of Lifeway (“Lifeway Wisconsin” and, together with Lifeway and Fresh Made, the “Borrowers”), and CIBC Bank USA, the Borrowers’ current lender (the “Lender”) entered into the Sixth Modification to the Amended and Restated Loan and Security Agreement (the “Sixth Modification”).

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Lifeway Foods, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-009406

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