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.