Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Arhaus, Inc. amended revolving credit of $75 million with Bank of America, N.A..
- Instrument
- revolving credit
- Principal
- $75 million
- Counterparty
- Bank of America, N.A.
- Event
- amendment
Exact text from the filing
revolving credit commitment thereunder by $25 million. After giving effect to such increase, the aggregate amount of revolving credit commitments under the Credit Agreement is $75 million, which commitments were undrawn as of the Closing Date. The increased revolving credit commitments have the same terms as the revolving credit commitments outstanding under the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Arhaus, Inc. amended First Amendment to Credit Agreement and Increase Agreement with Bank of America, N.A., as the Administrative Agent, the L/C Issuer, and the Swingline Lender, and the lenders party thereto valued at $25 million (effective 2022-12-09).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as the Administrative Agent, the L/C Issuer, and the Swingline Lender, and the lenders party thereto
- Value
- $25 million
- Effective
- 2022-12-09
Exact text from the filing
On December 9, 2022 (the “Closing Date”), Arhaus, Inc. and certain of its subsidiaries (the “Company”) entered into the First Amendment to Credit Agreement and Increase Agreement (the “Amendment”) with Bank of America, N.A., as the Administrative Agent, the L/C Issuer, and the Swingline Lender, and the lenders party thereto (collectively, “BofA”). The Amendment amends that certain Credit Agreement, dated November 8, 2021, between the Company and BofA to, among other things, increase the revolving credit commitment thereunder by $25 million.
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