---
schema_version: "secwatch.filing_event.v1"
accession: "0001841761-22-000086"
form_type: "8-K"
ticker: "GROV"
cik: "0001841761"
company_name: "Grove Collaborative Holdings, Inc."
filed_at: "2022-12-27T23:59:59+00:00"
generated_at: "2026-06-20T23:02:57.815167+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grove Collaborative secures $72M term loan, issues ~4.95M shares to lenders

## Summary
- Four-year $72M term loan replaces existing SVB credit facilities; interest at greater of 15% or prime+7.5%.
- Principal repayment begins July 2025; loan matures December 2026.
- Issued 3,437,500 shares to Structural and 1,512,500 shares to Avenue; potential additional shares if obligations remain.
- Proceeds used to refinance existing debt and fund operations; company targets profitability in 2024.

## SEC filing metadata
- accession: 0001841761-22-000086
- form_type: 8-K
- ticker: GROV
- cik: 0001841761
- company_name: Grove Collaborative Holdings, Inc.
- filed_at: 2022-12-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841761/000184176122000086/0001841761-22-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841761/000184176122000086/grov-20221221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001841761-22-000086
- JSON: https://secwatch.observer/filing/0001841761-22-000086.json
- Plain text: https://secwatch.observer/filing/0001841761-22-000086.txt

## Key facts
- Material Agreements
  Grove Collaborative Holdings, Inc. entered into Loan Agreement with Ocean II PLO LLC and the lending institutions party thereto valued at $72.0 million (effective 2022-12-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Ocean II PLO LLC and the lending institutions party thereto
  - Value: $72.0 million
  - Effective: 2022-12-21
  source text: On December 21, 2022, Grove Collaborative Holdings, Inc., a Delaware public benefit corporation (“Holdings”), and Grove Collaborative, Inc., a Delaware public benefit corporation (“Grove”), as borrowers (Holdings and Grove, collectively, the “Borrowers”) entered into that certain Loan and Security Agreement, dated as of December 21, 2022 (the “Loan Agreement”), among Holdings, Grove, Ocean II PLO LLC, a California limited liability company, as administrative and collateral agent (the “Agent”), and the lending institutions party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841761/000184176122000086/0001841761-22-000086-index.htm
- Material Agreements
  Grove Collaborative Holdings, Inc. entered into Issuance Agreements with Structural Capital Investments III, LP and certain of its affiliates and Avenue Sustainable Solutions Fund, L.P. (effective 2022-12-21).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Structural Capital Investments III, LP and certain of its affiliates and Avenue Sustainable Solutions Fund, L.P.
  - Effective: 2022-12-21
  source text: On December 21, 2022, in connection with the Loan Agreement, the Company entered into two Security Issuance Agreements (the “Issuance Agreements”), one with Structural Capital Investments III, LP and certain of its affiliates (the “Structural Investors”) and one with Avenue Sustainable Solutions Fund, L.P. (the “Avenue Investor” and, together with the Structural Investors, the “Investors”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841761/000184176122000086/0001841761-22-000086-index.htm

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