Brief: Grove Announces Refinancing Of Existing Debt

Grove Collaborative Holdings

27/12/2022 21:51

Dec 27 (Reuters) - Grove Collaborative Holdings Inc
 GROV.N :
    * GROVE ANNOUNCES REFINANCING OF EXISTING DEBT, EXTENDING
MATURITY
WITH PRINCIPAL PAYMENTS BEGINNING IN 2025
    * GROVE COLLABORATIVE HOLDINGS INC - HAS ENTERED INTO A NEW
LOAN
AND SECURITY AGREEMENT PROVIDING FOR A FOUR-YEAR $72.0 MILLION
TERM LOAN
    * GROVE COLLABORATIVE HOLDINGS INC - NEW FUNDS WILL BE USED
TO
REFINANCE EXISTING DEBT AND TO FUND ONGOING BUSINESS OPERATIONS
    * GROVE COLLABORATIVE HOLDINGS INC - PRINCIPAL REPAYMENT
PERIOD
COMMENCES IN JULY 2025 AND TERM LOAN MATURES IN DECEMBER 2026
    * GROVE COLLABORATIVE HOLDINGS INC - WELCOMES TWO CAPITAL
PARTNERS
STRUCTURAL CAPITAL AND AVENUE SUSTAINABLE SOLUTIONS FUND, L.P.

Source text for Eikon:  ID:nBwbJPN7Za 
Further company coverage:  GROV.N 
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