Reed’s, Inc. (NYSE:REED) ("Reed’s" or the "Company"), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, today announced that it has refinanced its $9.25 million senior secured credit facility (the "Senior Secured Facility").

The Company entered into a second amendment to its Senior Secured Facility with funds managed on behalf of Whitebox Advisors, LLC, as lenders, and Cantor Fitzgerald Securities, as administrative agent and collateral agent.

Under the amended Senior Secured Facility, the existing revolving credit commitments were converted into a $9.25 million term loan. The maturity date was extended to June 30, 2027, with an optional three-month extension to September 30, 2027 if certain conditions are satisfied.

The term loan accrues interest at an annual rate of 8.75%. During the optional extension period, the interest rate would increase to 9.25%. The amendment also eliminates the unused revolving loan fee and waives the Company’s inventory plus accounts receivable liquidity covenant through November 6, 2026.

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