Celsius Holdings cuts rate on $694.75M term loan
Rhea-AI Filing Summary
Celsius Holdings, Inc. entered into a Second Amendment to its existing Credit Agreement, reducing the applicable interest rate on its Term Loan Facility by 0.25%, with a potential additional 0.25% reduction if it achieves certain public corporate or corporate family ratings on an ongoing basis. The underlying Credit Agreement, originally entered into on April 1, 2025, provides for a term loan facility of up to $900.0 million and a revolving credit facility of up to $100.0 million, and all other material terms, including the Revolving Facility interest rate, remain unchanged.
On July 15, 2026, the company refinanced its prior $700.0 million Existing Term Loan by repaying it in full using all proceeds from a new $694.75 million term loan under the Term Loan Facility, which now bears the reduced interest rate set by the Second Amendment. Celsius did not incur any prepayment penalties in connection with this refinancing.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Term Loan Facility capacity: $900.0 million
Revolving Facility capacity: $100.0 million
Existing Term Loan: $700.0 million
+4 more
7 metrics
Term Loan Facility capacity
$900.0 million
Aggregate principal amount under the Term Loan Facility in the Credit Agreement
Revolving Facility capacity
$100.0 million
Aggregate principal amount available under the Revolving Facility
Existing Term Loan
$700.0 million
Term loan drawn under the Term Loan Facility in connection with the First Amendment
New term loan
$694.75 million
Principal amount of new term loan used to repay the Existing Term Loan on July 15, 2026
First Amendment rate reduction
0.75%
Reduction in applicable interest rates on Term Loan Facility and Revolving Facility under the First Amendment
Second Amendment rate reduction
0.25%
Reduction in applicable interest rate on the Term Loan Facility under the Second Amendment
Potential additional reduction
0.25%
Additional rate cut on the Term Loan Facility if specified public corporate or corporate family ratings are achieved
Key Terms
Credit Agreement, Term Loan Facility, Revolving Facility, Second Refinancing Amendment, +1 more
5 terms
Credit Agreement financial
"entered into a Credit Agreement (the “Credit Agreement”), providing for a term"
A credit agreement is a written loan contract between a borrower and a bank or other lender that lays out how much money can be borrowed, the interest rate, repayment schedule, fees, and the rules the borrower must follow. For investors, it matters because those terms affect a company’s cash costs, borrowing flexibility and risk of default — similar to how a mortgage’s rules determine a homeowner’s monthly budget and freedom to make changes.
Term Loan Facility financial
"providing for a term loan facility in an aggregate principal amount of up"
A term loan facility is a type of loan provided by a lender that is repaid over a set period of time, usually with fixed payments. It functions like a large, upfront loan that a borrower agrees to pay back gradually, often used to fund major investments or projects. For investors, understanding a company's use of such loans helps assess its financial stability and risk level.
Revolving Facility financial
"and a revolving credit facility in an aggregate principal amount of up"
A revolving facility is a bank loan that works like a company credit card: the borrower can draw funds, repay them, and draw again up to a set limit during the agreement period. It matters to investors because it provides short-term cash flexibility for operations, investments, or emergencies, and the cost or availability of that credit can affect a company’s liquidity, interest expenses, and financial stability.
Second Refinancing Amendment financial
"10.1*+ | | Second Refinancing Amendment, dated July 15, 2026, by and"
corporate family ratings financial
"additional reduction of 0.25% should the Company achieve certain public corporate or corporate family ratings"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What change did CELH make to its Credit Agreement on July 15, 2026?
On July 15, 2026, Celsius Holdings, Inc. executed a Second Amendment to its Credit Agreement that reduced the applicable interest rate on its Term Loan Facility by 0.25%, with the possibility of an additional 0.25% cut if specified credit ratings are achieved on an ongoing basis.
What are the term loan and revolver capacities for Celsius Holdings (CELH)?
Under the Credit Agreement, Celsius Holdings has a term loan facility with aggregate principal capacity of up to $900.0 million and a revolving credit facility with aggregate principal capacity of up to $100.0 million, providing committed borrowing availability for the company and certain subsidiaries.
How have CELH’s interest rates changed under the First and Second Amendments?
The First Amendment dated October 2, 2025 reduced applicable interest rates on both the Term Loan Facility and the Revolving Facility by 0.75%. The Second Amendment on July 15, 2026 further reduced the Term Loan Facility rate by 0.25%, with another 0.25% reduction possible upon achieving specified ratings.
How much of Celsius Holdings’ term loan was refinanced under the Second Amendment?
In connection with the Second Amendment, Celsius repaid the entirety of its Existing Term Loan of $700.0 million using all proceeds from a new $694.75 million term loan under the Term Loan Facility, which now bears the reduced interest rate provided for in the Second Amendment.
Did CELH incur prepayment penalties when refinancing its Existing Term Loan?
Celsius Holdings states that it did not incur any prepayment penalties when it repaid the Existing Term Loan using the proceeds of the new $694.75 million term loan under the Term Loan Facility in connection with the Second Amendment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
