---
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"
generated_at: "2026-05-18T05:58:44.823415+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Funko obtains credit amendment waiving leverage covenants, cutting revolver to $125M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704711-25-000107
- JSON: https://secwatch.observer/filing/0001704711-25-000107.json
- Plain text: https://secwatch.observer/filing/0001704711-25-000107.txt

## Key facts
- Debt Financings
  Funko, Inc. amended revolving credit of $150.0 million.
  - Instrument: revolving credit
  - Principal: $150.0 million
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471125000107/0001704711-25-000107-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471125000107/0001704711-25-000107-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471125000107/0001704711-25-000107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.