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.
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