Company: CELH
Filing Date: 2025-04-01
Form Type: 8-K
Source: 0001341766-25-000069
Chunk: 1

Company: Celsius Holdings, Inc.
Filing Date: 2025-04-01
Form: 8-K
Item: Item 1.01
Chunk 1
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0.

Borrowings under the Credit Agreement bear interest, in the case of the Revolving Facility, at a rate of 2.0% in the case of alternate base rate loans and 3.0% in the case of loans bearing interest based upon SOFR or EURIBOR and, in the case of the Term Loan Facility, at a rate of 2.25% in the case of alternate base rate loans and 3.25% in the case of loans bearing interest based upon SOFR or EURIBOR. Subsequent to the delivery of Celsius financial statements for the first full fiscal quarter following Closing, the interest rate margins under the Term Loan Facility and the Revolving Facility will be subject to step-downs based on the first lien net leverage ratio. The applicable interest rate will be adjusted quarterly on a prospective basis based upon the first lien net leverage ratio in accordance with the terms of the Credit Agreement.

The Credit Agreement contains customary representations, warranties and affirmative and negative covenants. The Credit Agreement also contains customary events of default (subject to grace periods) including, among others: nonpayment of principal, interest or fees, breach of covenant, payment default on, or acceleration under, certain other material indebtedness, inaccuracy of the representations or warranties in any material respect, bankruptcy or insolvency, inability to pay debts, certain unsatisfied judgments, certain ERISA-related events, the invalidity or unenforceability of the Credit Agreement and certain other documents executed in connection therewith and the occurrence of a change of control of Celsius.

The Term Loan Facility and Revolving Facility are secured by a first priority security interest in Celsius’ and the other borrowers’ and guarantors’ (which include certain subsidiaries of Celsius) cash, accounts receivable, intellectual property, books and records and related assets and certain intellectual property of other Celsius subsidiaries.

The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement, a copy of which is filed as Exhibit 10.2 to this Report and is incorporated herein by reference.

Item 2.01 Completion of Acquisition or Disposition of Assets.