Reed's Inc. Refinances $9.25 Million Credit Facility

Reed's Inc. refinanced its $9.25 million senior secured credit facility on September 30, 2026. The company converted existing revolving credit commitments into a term loan, extending the maturity date to June 30, 2027, with an option to extend further to September 30, 2027.

The agreement, managed by Whitebox Advisors, LLC with Cantor Fitzgerald Securities as the administrative agent, carries an annual interest rate of 8.75%. This rate increases to 9.25% if the optional extension is utilized. As part of the amendment, the company's inventory and accounts receivable liquidity covenant is waived until November 6, 2026.

To maintain the agreement, the company must secure at least $10.0 million in aggregate cash equity contributions by November 6, 2026. Interim CEO Neal Cohane stated that the refinancing is an important step toward the company's goal of profitable growth.