Reed’s amends $9.25M senior credit facility

Reed’s, Inc. entered a first amendment to its Senior Secured Loan and Security Agreement covering its revolving credit facility with funds affiliated with Whitebox Advisors and Cantor Fitzgerald as agent.

Rhea-AI Filing Summary

Reed’s, Inc. entered a first amendment to its Senior Secured Loan and Security Agreement covering its revolving credit facility with funds affiliated with Whitebox Advisors and Cantor Fitzgerald as agent. The amendment reduces the aggregate principal of the revolving loans from $10.0 million to $9.25 million.

As of the effective date, total Revolving Credit Commitments were $9.25 million, and interest on the revolving loans became payable monthly on the last business day of each month. Reed’s paid Cantor Fitzgerald $650,000 of debt repayment plus accrued interest, while all other material loan terms remain in effect.

Insights

Credit & capital structure analyst

Reed’s modestly reduces its revolving credit line and pays down debt.

Reed’s, Inc. amended its senior secured revolving credit facility, lowering the aggregate principal from $10.0 million to $9.25 million. Revolving Credit Commitments now match this $9.25 million level, and interest is due monthly on the last business day of each month.

The company also paid Cantor Fitzgerald, as administrative agent, $650,000 of debt repayment plus accrued interest under the existing agreement. This indicates some deleveraging while preserving access to the revolver, though the excerpt does not discuss covenant changes, pricing, or broader liquidity impacts.

The amendment leaves all other material loan terms in place, according to the disclosure. Future company reports may clarify how the smaller facility and new payment schedule interact with operating cash flows and overall financing strategy after the September 26, 2025 effective date.

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Reed’s, Inc. (REED) change in its senior secured loan agreement?

Reed’s, Inc. amended its Senior Secured Loan and Security Agreement, reducing the revolving loan principal from $10.0 million to $9.25 million. The amendment also sets interest payments to be made monthly on the last business day of each month, tightening the repayment schedule.

How large is Reed’s, Inc. revolving credit commitment after the amendment?

After the amendment, Reed’s total Revolving Credit Commitments are $9.25 million. This matches the reduced aggregate principal amount of the revolving loans and reflects a smaller borrowing capacity under the senior secured revolving credit facility effective September 26, 2025.

How much debt did Reed’s, Inc. repay in connection with the amendment?

In connection with the amendment, Reed’s paid Cantor Fitzgerald, as administrative agent, $650,000 of debt repayment plus accrued interest. This payment reduces outstanding obligations under the facility while other material terms of the Senior Secured Loan and Security Agreement remain unchanged.

When do Reed’s, Inc. interest payments on its revolving loans now fall due?

Following the amendment, interest on Reed’s revolving loans is now due monthly on the last business day of each month. Previously disclosed terms are replaced by this schedule, creating more frequent recurring interest payments under the Senior Secured Facility as of September 26, 2025.

Who are the lenders under Reed’s amended Senior Secured Facility?

The revolving credit facility is provided by certain funds affiliated with Whitebox Advisors, LLC as lenders, with Cantor Fitzgerald Securities acting as administrative agent and collateral agent. These counterparties remain in place under Amendment No. 1 to the Senior Secured Loan and Security Agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/26/2025 - 05:07 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 26, 2025

REED’S, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-32501		35-2177773
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

501 Merritt 7 Corporate Park, Norwalk, CT 06851

(Address of principal executive offices and zip code)

Not applicable

(Former name or former address if changed since last report)

Registrant’s telephone number, including area code: (800) 997-3337

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of Each Class Trading Symbol(s) Name of Each Exchanged on Which Registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On September 26, 2025 (the “Effective Date”), Reed’s, Inc. (the “Company”) entered into the first amendment (the “Amendment”) to its Senior Secured Loan and Security Agreement (as amended the “Loan Agreement”) with certain funds affiliated with Whitebox Advisors, LLC (the “Lenders”) and Cantor Fitzgerald Securities (“Cantor Fitzgerald”), as administrative agent and collateral agent, with respect to its revolving credit facility (the “Senior Secured Facility”).

Pursuant to the Amendment, as of the Effective Date, (i) the aggregate principal amount of the revolving loans was reduced from $10.0 million to $9.25 million and (ii) interest payments on the revolving loans became due on a monthly basis as of the last business day of each month. As of the Effective Date, the total Revolving Credit Commitments (as defined in the Loan Agreement) were equal to $9.25 million. In connection with the entry into the Amendment, the Company paid Cantor Fitzgerald, as administrative agent, $650,000 of debt repayment plus accrued interest as specified in the Loan Agreement.

Other than as set forth herein, the material terms of the Loan Agreement remain unchanged and in full effect.

The foregoing summary and description of the provisions of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosures set forth in Item 1.01 above are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is furnished with this Current Report on Form 8-K:

Exhibit No.		Description
10.1#		Amendment No. 1 to Senior Secured Loan and Security Agreement among Reed’s, Inc., the lenders party thereto, and Cantor Fitzgerald Securities, as administrative agent and collateral agent, dated September 26, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

# Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished to the SEC upon request.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	REEDS, INC.,
	a Delaware corporation
Dated: September 26, 2025	By:	/s/ Douglas W. McCurdy
		Douglas W. McCurdy
		Chief Financial Officer