Funko, Inc. (FNKO): debt financing — Funko obtains credit amendment waiving leverage covenants, cutting revolver to $125M

Funko, Inc.

Fourth Amendment waives max net leverage and min fixed charge coverage ratios for Q2 and Q3 2025.
Revolving commitments reduced from $150M to $135M immediately, and to $125M by Dec 31, 2025.
Applicable margin on all outstanding loans increased to 400 bps until credit facilities are paid in full.
Borrowers must provide 13-week cash flow forecast; additional affirmative and negative covenants added.
Amendment consented by required lenders and JPMorgan Chase as administrative agent as of July 16, 2025.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Funko, Inc. amended revolving credit of $150.0 million.

Instrument: revolving credit
Principal: $150.0 million
Event: amendment

Exact text from the filing

permanently reducing the revolving commitments under the Existing Credit Agreement (x) from $150.0 million to $135.0 million as of the effective date of the Fourth Amendment

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Funko, Inc. amended credit facility with JPMorgan Chase Bank, N.A. as administrative agent at increasing the applicable margin on all outstanding loans to 400 basis points.

Instrument: credit facility
Counterparty: JPMorgan Chase Bank, N.A. as administrative agent
Rate: increasing the applicable margin on all outstanding loans to 400 basis points
Event: amendment

Exact text from the filing

The Fourth Amendment amends the Credit Agreement, dated as of September 17, 2021 and previously amended on April 26, 2022, July 29, 2022 and February 28, 2023

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Funko, Inc. amended revolving credit of $135.0 million to $125.0 million maturing December 31, 2025.

Instrument: revolving credit
Principal: $135.0 million to $125.0 million
Maturity: December 31, 2025
Event: amendment

Exact text from the filing

quarters ended June 30, 2025 and ending September 30, 2025; (ii) permanently reducing the revolving commitments under the Existing Credit Agreement (x) from $150.0 million to $135.0 million as of the effective date of the Fourth Amendment and (y) from $135.0 million to $125.0 million as of December 31, 2025; (iii) increasing the applicable margin on all outstanding

View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

Funko, Inc. filing history →

Source: SEC EDGAR

accession 0001704711-25-000107

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.