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converted its revolving credit commitments into a new term loan facility on September 30, 2026, as part of a second amendment to its Senior Secured Loan and Security Agreement. The company filed the details with the U.S.
Securities and Exchange Commission on the same day. Under the amended agreement, the existing revolving credit commitments were terminated and replaced by term loans with an aggregate principal amount of $9,250,000.
Unlike the previous revolving structure, these term loans cannot be re-borrowed once repaid. Reed's is listed on NYSE American under the ticker symbol REED.
The amendment increases the interest rate on the term loans to 8.75% per annum, up from 8.00% per annum under the original revolving loans.
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