Short answer
Sezzle Inc. (SEZL) filed an 8-K current report with the SEC on May 12, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure). $300M senior secured revolving facility, expandable by $75M, maturing May 7, 2029.
Sezzle Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $300M senior secured revolving facility, expandable by $75M, maturing May 7, 2029
- Interest rate: 3-month Term SOFR plus 3.86%, with a 2.00% SOFR floor
- Existing $153.5M borrowing carried forward without repayment, preserving liquidity but maintaining leverage
- Advance rate 92.5% of eligible receivables, falling to 85% if seasoned-vintage loss rates reach 3.75%
- Share repurchases and dividends permitted only with positive trailing twelve-month net income, subject to $75M plus earnings-based limits
Item 7.01 · Regulation FD Disclosure
- May 11, 2026 press release disclosed the referenced transaction
- Exhibit 99.1 contains transaction details relevant to shareholder assessment
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Sezzle Inc. 8-K filings
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