Arhaus Inc.
10/22/2025 | Press release | Distributed by Public on 10/22/2025 14:36
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
On October 17, 2025 (the "Closing Date"), Arhaus, Inc. and certain of its subsidiaries (the "Company") entered into the Third Amendment to Credit Agreement and Amendment to Security and Pledge 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 further amends that certain Credit Agreement, dated November 8, 2021, between the Company and BofA to, among other things, (1) extend the maturity date of the revolving credit facility to October 17, 2030, and (2) increase the letter of credit commitment to an amount equal to the lesser of (a) $15 million, and (b) the amount of the revolving credit facility as of such date.
After giving effect to the Amendment, the aggregate amount of revolving credit commitments under the Credit Agreement remains $75 million. The Company has the option to increase the revolving credit commitment thereunder by an additional $25 million.
The foregoing description of the Amendment is not intended to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 of this current report on Form 8-K is incorporated by reference into this Item 2.03.
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