Arlo Technologies enters $40M revolving credit facility with Bank of America; old facility terminated

Arlo Technologies, Inc.

Three-year revolving credit facility maturing Oct 27, 2024; borrowing base tied to eligible receivables.
Includes $5.0M sublimit for letters of credit and uncommitted accordion feature for up to $25M additional.
Credit agreement secured by domestic working capital assets; no amounts drawn as of Oct 29, 2021.
Prior $40M facility with Western Alliance Bank repaid and terminated upon closing.

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