Build-A-Bear Workshop Inc. has entered into a Third Amendment to its Revolving Credit and Security Agreement with PNC Bank, National Association, serving as agent for the lenders, and several affiliated guarantors. The amendment, dated December 31, 2025, updates the original credit agreement established in August 2020 and previously amended in December 2021 and November 2022. The agreement maintains typical negative covenants, restricting the incurrence of additional indebtedness, certain investments, dividend declarations, stock repurchases, and acquisitions outside the ordinary course of business unless specifically permitted. As of the closing date of the Third Amendment, Build-A-Bear Workshop reported no outstanding borrowings under the credit agreement and stated it is in compliance with all covenants.
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. Build-A-Bear Workshop 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: 0001437749-26-000324), on January 05, 2026, and is solely responsible for the information contained therein.
Comments