Solo Brands restructures debt with $240M term loan, appoints John Larson permanent CEO

Solo Brands, Inc.

John P. Larson appointed permanent President and CEO effective June 15, 2025; served as interim since Feb 2025 and remains on Board.
Debt restructuring: new $90M revolver and $240M term loan; paid down $136.5M revolver and $32.5M term loans.
Total debt post-restructuring: $19.7M revolver + $240M term loan; maturity extended to June 30, 2028.
Issued 4,879,939 shares (5% of total outstanding) to lenders as part of consent fee under Section 4(a)(2).
New financial covenants include $25M minimum Consolidated EBITDA for four quarters ending Dec 31, 2025.

item 1.01 item 3.02 item 2.03 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

John P. Larson

President and Chief Executive Officer

SBDS · Solo Brands, Inc.

Effective: 2025-06-15
Filed: June 16, 2025, 7:59 PM ET

Effective June 15, 2025, the Board of Directors of the Company appointed Mr. John P. Larson as President and Chief Executive Officer of the Company on a permanent basis, following his interim appointment in February 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John P. Larson was appointed as President and Chief Executive Officer at Solo Brands, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Effective June 15, 2025, the Board of Directors of the Company appointed Mr. John P. Larson as President and Chief Executive Officer of the Company on a permanent basis, following his interim appointment in February 2025.

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Solo Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001870600-25-000073

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