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Stock impact report

Funko Announces Amendment and Extension of Existing Credit Agreement

Funko, Inc. - Class A (FNKO) 
Last funko, inc. - class a earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.funko.com/investor-relations
Company Research Source: Business Wire
EVERETT, Wash.--(BUSINESS WIRE)--Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it has successfully amended and extended its existing credit agreement, originally dated September 17, 2021.The amendment extends the maturity date of the loans under the company’s credit agreement from September 17, 2026 to December 31, 2027 and waives and/or modifies certain financial covenants, in exchange for, among other things, revisions to pricing terms.Funko’s Chief Financial Officer, Yves Le Pendeven said, “This agreement provides us with additional financial strength and flexibility and, importantly, time for our growth initiatives to take hold and gain traction. We’re thrilled to continue building on the positive momentum we’ve generated with our partners and retailers during this year’s Toy Fair season. We appreciate the strong support and commitment of our banking partners.”JPMorgan Chase Bank, N.A., serves as administrative agent for the credit agr Show less Read more
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