ZVIA · Zevia PBC

The amendment provides Zevia with extended runway on its secured revolving credit line, pushing maturity out to 2030, and reduces the credit spread adjustment on Term SOFR to 0.10%, slightly lowering interest costs. The revised financial covenants include a $7 million minimum liquidity requirement and a fixed charge coverage ratio test that triggers under tight availability or default scenarios. This gives the company more flexibility but also imposes stricter liquidity maintenance. The amendment was entered into by Zevia LLC, a direct subsidiary of Zevia PBC, and the full text will be filed with the next 10-Q. Investors should monitor liquidity and covenant compliance going forward.