Funko Inc. Amends Credit Agreement to Enhance Financial Flexibility Amid Dynamic Market Conditions

Reuters

2025/07/18

<a href="https://laohu8.com/S/FNKO">Funko Inc.</a> Amends Credit Agreement to Enhance Financial Flexibility Amid Dynamic Market Conditions

Funko Inc., a prominent pop culture lifestyle brand, has announced an amendment to its existing credit facilities, which were originally established on September 17, 2021. The amendment, executed on July 16, 2025, introduces waivers for certain financial covenants, including the maximum net leverage ratio and the minimum fixed charge coverage ratio for the fiscal quarters ending June 30, 2025, and September 30, 2025. Additionally, the revolving credit commitments have been reduced from $150 million to $135 million as of July 16, 2025, and will further decrease to $125 million by December 31, 2025. This amendment aims to enhance Funko's financial flexibility during a dynamic period. Funko has also engaged Moelis & Company LLC to explore refinancing options for its credit facilities, which are set to mature on September 17, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Funko Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250717268721) on July 17, 2025, and is solely responsible for the information contained therein.

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Amends Credit Agreement to Enhance Financial Flexibility Amid Dynamic Market Conditions\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-18 04:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FNKO\">Funko Inc.</a> Amends Credit Agreement to Enhance Financial Flexibility Amid Dynamic Market Conditions\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Funko Inc., a prominent pop culture lifestyle brand, has announced an amendment to its existing credit facilities, which were originally established on September 17, 2021. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Funko Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250717268721) on July 17, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1878469433.USD","symbol_name":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250717:nNDLcf0qT8:1","article_id":"2552317684","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552317684","pubTimestamp":1752784239,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Funko Inc., a prominent pop culture lifestyle brand, has announced an amendment to its existing credit facilities, which were originally established on September 17, 2021. 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