{"schema_version":"secwatch.filing_event.v1","accession":"0001704711-25-000107","form_type":"8-K","ticker":"FNKO","cik":"0001704711","company_name":"Funko, Inc.","filed_at":"2025-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.719124+00:00","generated_at":"2026-05-18T05:58:44.823415+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Funko obtains credit amendment waiving leverage covenants, cutting revolver to $125M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001704711-25-000107","json":"https://secwatch.observer/filing/0001704711-25-000107.json","markdown":"https://secwatch.observer/filing/0001704711-25-000107.md","text":"https://secwatch.observer/filing/0001704711-25-000107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1704711/000170471125000107/0001704711-25-000107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1704711/000170471125000107/fnko-20250716.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:58:44.823415+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"36eae9b7ceccfbbcaf48240e178ab542c97d55a9","claim":"Funko, Inc. amended revolving credit of $150.0 million.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704711/000170471125000107/0001704711-25-000107-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$150.0 million"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"8ca053244f44f8c44fcdfcdbb0ec182831fc2265","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704711/000170471125000107/0001704711-25-000107-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. as administrative agent"},{"label":"Rate","value":"increasing the applicable margin on all outstanding loans to 400 basis points"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"b2f6661be50b77e5264f80e6d3bd7838fc686e4f","claim":"Funko, Inc. amended revolving credit of $135.0 million to $125.0 million maturing December 31, 2025.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704711/000170471125000107/0001704711-25-000107-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$135.0 million to $125.0 million"},{"label":"Maturity","value":"December 31, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}