A.K.A. BRANDS HOLDING CORP. (AKA): debt financing — AKA Brands refinances credit facility with $85M term loan and $35M revolver, maturity extended to 2028

A.K.A. BRANDS HOLDING CORP.

New credit agreement provides $85 million term loan and approx. $35 million revolving credit capacity, replacing existing facility.
Maturity of both term loan and revolver extended to October 14, 2028, a two-year extension.
Interest rate set at SOFR plus 3.25%-3.75% per annum, based on leverage ratio.
Refinancing strengthens balance sheet and financial flexibility to execute strategic priorities.
Obligations are secured by substantially all assets and guaranteed by the Company and its subsidiaries.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

A.K.A. BRANDS HOLDING CORP. amended credit facility of Revolving Credit Commitments in an aggregate principal amount of $35,264,284.60 and Term Loans in an aggregate principal with KeyBank National Association maturing October 14, 2028.

Instrument: credit facility
Principal: Revolving Credit Commitments in an aggregate principal amount of $35,264,284.60 and Term Loans in an aggregate principal
Counterparty: KeyBank National Association
Maturity: October 14, 2028
Event: amendment

Exact text from the filing

The Amended and Restated Credit Agreement amends and restates the Existing Credit Agreement to, among other things, (i) establish Revolving Credit Commitments in an aggregate principal amount of $35,264,284.60 (ii) establish Term Loans in an aggregate principal amount of $85,000,000, (iii) adjust the pricing stepdowns related to the interest rate on the Term SOFR Loans, Base Rate Loans and BBSY Loans after delivery of a compliance certificate for the fiscal year ending December 31, 2025 and (iv) resize baskets within certain negative covenants based on a Consolidated EBITDA of $35,200,000.

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304 debt financings filed in the last 30 days. Browse all debt financings →

A.K.A. BRANDS HOLDING CORP. filing history →

Source: SEC EDGAR

accession 0001865107-25-000067

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