Company: CELH
Filing Date: 2025-04-01
Form Type: 8-K
Source: 0001341766-25-000069
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Company: Celsius Holdings, Inc.
Filing Date: 2025-04-01
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement.

Registration Rights Agreement

Pursuant to the Purchase Agreement, on April 1, 2025, Celsius entered into a Registration Rights Agreement with Holdco, MC and TS (the “ Registration Rights Agreement”) relating to the registration for resale of the Stock Consideration (the “Registrable Securities”). Under the Registration Rights Agreement, Celsius has agreed to file a registration statement on Form S-3 or such other form under the Securities Act of 1933, as amended (the “Securities Act”), then available to the Company (or a prospectus supplement) with respect to the resale of the Registrable Securities and to use commercially reasonable efforts to cause such registration statement to be declared effective under the Securities Act as soon as reasonably practicable thereafter. Holders of a majority of the Registrable Securities have the right to require Celsius to use commercially reasonable efforts to effect one underwritten offering. In certain circumstances, the holders party to the Registration Rights Agreement will have piggyback registration rights as described in the Registration Rights Agreement. The resale registration rights under the Purchase Agreement are transferrable only to controlled affiliates of Holdco, MC or TS, subject to the terms and conditions set forth in the Registration Rights Agreement.

The foregoing description of the Registration Rights Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Registration Rights Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K (this “ Report”) and is incorporated herein by reference.

Credit Agreement

On April 1, 2025, Celsius and Celsius, Inc., as borrowers, certain subsidiaries of Celsius as guarantors, the lenders and issuing banks from time to time party thereto and UBS AG, Stamford Branch, as administrative agent and collateral agent, entered into a Credit Agreement (the “Credit Agreement”). The Credit Agreement provides for a term loan facility in an aggregate principal amount of up to $900 million (the “Term Loan Facility”), which was fully drawn at Closing to fund a portion of the Cash Consideration, and a revolving credit facility in an aggregate principal amount of up to $100 million (the “Revolving Facility”) (which may include the issuance of letters of credit in a stated face amount of up to, but not exceeding, $50 million). The Term Loan Facility matures on April 1, 2032, and the Revolving Facility matures on April 1, 203