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.

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Appointed

John P. Larson

President and Chief Executive Officer

SBDS · Solo Brands, Inc.

Effective: 2025-06-15
Filed: Jun 16, 2025 23:59 UTC

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.

Source: SEC EDGAR

accession 0001870600-25-000073

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