Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Grove Collaborative Holdings, Inc. incurred revolving credit of $35.0 million with Siena Lending Group LLC at base rate, plus an applicable margin, or Term SOFR rate then in effect, plus 0.1 maturing March 10, 2026.
- Instrument
- revolving credit
- Principal
- $35.0 million
- Counterparty
- Siena Lending Group LLC
- Rate
- base rate, plus an applicable margin, or Term SOFR rate then in effect, plus 0.1
- Maturity
- March 10, 2026
- Event
- incurrence
Exact text from the filing
the Loan Agreement provides for a senior secured asset-based revolving credit facility with an initial commitment of $35.0 million
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Grove Collaborative Holdings, Inc. reported fourth quarter ended December 31, 2022 results: revenue $74.0 million.
- Period
- fourth quarter ended December 31, 2022
- Revenue
- $74.0 million
- Result
- reported results
Exact text from the filing
Net revenue of $74.0 million, down 5% from the third quarter of 2022, and down 15% year-over-year
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Grove Collaborative Holdings, Inc. reported fiscal year ended December 31, 2022 results: revenue $321.5 million.
- Period
- fiscal year ended December 31, 2022
- Revenue
- $321.5 million
- Result
- reported results
Exact text from the filing
Net revenue of $321.5 million, down 16% year-over-year
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Grove Collaborative Holdings, Inc. entered into Loan and Security Agreement with Siena Lending Group LLC valued at $35,000,000 (effective 2023-03-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Siena Lending Group LLC
- Value
- $35,000,000
- Effective
- 2023-03-10
Exact text from the filing
On March 10, 2023, Grove Collaborative Holdings, Inc., a Delaware public benefit corporation (“Holdings” or “the Company”) 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 (the “Loan Agreement”), among the Borrowers, each of the Subsidiaries of the Borrowers signatory thereto from time to time as guarantors and Siena Lending Group LLC, a Delaware limited liability company, as lender (in such capacity, the “Lender”). Among other things, the Loan Agreement provides for a senior secured asset-based revolving credit facility with an initial commitment of $35.0 million (the “Revolving Credit Facility”).
View on SEC.gov