Cricut Secures $300 Million Revolving Credit Facility With BMO as Administrative Agent

Bitget2026/10/27 21:07

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Cricut entered a $300 million, five-year senior secured, multicurrency revolving credit facility on October 22, 2026.
BMO Bank serves as administrative agent for the facility, which matures on October 22, 2031.
Borrowings carry benchmark-rate margins of 1.13%-2% or Alternate Base Rate margins of 0.13%-1%, depending on net leverage.
The agreement requires maximum net leverage of 3:1 and minimum interest coverage of 3:1.
The facility replaces the August 4, 2022, JPMorgan Chase-led agreement, terminated with no principal outstanding or material early termination penalties.

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. Cricut Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001828962-26-000054), on October 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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