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Bob’s Discount Furniture (NYSE: BOBS) expands credit facility and extends maturity to 2031

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Bob’s Discount Furniture, Inc., through its indirect subsidiary BDF Acquisition Corp., amended its Revolving Credit Agreement to expand liquidity and extend its term. The amendment increased total revolving commitments from $125 million to $200 million and allows additional increases of up to $50 million if lenders provide further commitments. The maturity date was extended from July 1, 2029 to April 29, 2031, and new lenders were added. The borrowing base formula was revised to remove the Tranche B borrowing base and to include cash and cash equivalents subject to a control agreement in calculating availability, while all other credit agreement terms remain in effect.

Positive

  • None.

Negative

  • None.

Insights

Expanded revolver boosts liquidity and extends Bob’s financing runway.

The amendment raises Bob’s revolving credit commitments from $125 million to $200 million, with an option to add up to another $50 million if lenders agree. This meaningfully increases available borrowing capacity under the facility.

Extending the maturity from July 1, 2029 to April 29, 2031 lengthens the company’s committed funding horizon, reducing near-term refinancing needs. Adding cash and cash equivalents under a control agreement to the borrowing base, and removing the Tranche B borrowing base, adjusts how availability is calculated but keeps the overall agreement framework intact.

Overall, the filing describes a larger, longer-dated revolving facility arranged with Royal Bank of Canada and a broader lender group. Future disclosures in periodic reports can provide more detail on actual revolver usage and any impact on interest expense or covenant flexibility.

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, and exhibit attachments filed with this report.
Revolver commitments before amendment $125 million Aggregate total commitments under Revolving Credit Agreement before April 29, 2026 amendment
Revolver commitments after amendment $200 million Aggregate total commitments available to the borrower after amendment
Additional increase capacity $50 million Maximum aggregate principal amount by which revolving commitments may be further increased, subject to lender commitments
Prior maturity date July 1, 2029 Original maturity date of the Revolving Credit Agreement before amendment
New maturity date April 29, 2031 Extended maturity date of the Revolving Credit Agreement after amendment
Revolving Credit Agreement financial
"entered into a joinder agreement and amendment (the “Amendment”) to the Revolving Credit Agreement, dated as of February 12, 2014"
A revolving credit agreement is a flexible loan arrangement where a borrower can borrow, repay, and borrow again up to a set limit, similar to a credit card. It matters because it gives businesses or individuals quick access to funds whenever needed, helping manage cash flow and cover expenses without applying for a new loan each time.
borrowing base formula financial
"the Amendment amended the borrowing base formula to remove the Tranche B borrowing base"
Tranche B borrowing base financial
"to remove the Tranche B borrowing base and to include cash and cash equivalents"
control agreement financial
"include cash and cash equivalents subject to a control agreement in the calculation of availability"
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
direct financial obligation regulatory
"Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement"
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0002085187False00020851872026-04-292026-04-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM8-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): April 29, 2026
Bob’s Discount Furniture, Inc.
(Exact name of registrant as specified in its charter)
Delaware001-43101
46-4501905
(State or other jurisdiction of incorporation organization)(Commission File Number)(I.R.S. Employer Identification Number)
434 Tolland Turnpike,Manchester,Connecticut
(Address of principal executive offices)
06042
(Zip Code)
(860)474-1200
(Registrant’s telephone number, including area code)
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:
cWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
cSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
cPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
cPre-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:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $0.0001 par valueBOBSNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Companyc
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.c


Item 1.01 Entry into a Material Definitive Agreement.

Amendment to Revolving Credit Agreement

On April 29, 2026, BDF Acquisition Corp. (the “Borrower”), an indirect wholly-owned subsidiary of Bob’s Discount Furniture, Inc., entered into a joinder agreement and amendment (the “Amendment”) to the Revolving Credit Agreement, dated as of February 12, 2014, as amended (the “Revolving Credit Agreement”), among the Borrower, Royal Bank of Canada, as administrative agent and collateral agent, the lenders from time to time party thereto, and the other parties thereto.

The Amendment, among other changes, (i) increased the aggregate amount of total commitments available to the Borrower from $125 million to $200 million (with the Borrower now permitted, at any time, on one or more occasions to increase the aggregate amount of the revolving commitments by an aggregate principal amount not to exceed $50 million, subject to obtaining commitments from the lenders), (ii) extended the maturity date from July 1, 2029 to April 29, 2031, and (iii) added additional lenders as party to the Revolving Credit Agreement. In addition, the Amendment amended the borrowing base formula to remove the Tranche B borrowing base and to include cash and cash equivalents subject to a control agreement in the calculation of availability under the credit facility established by the Revolving Credit Agreement. Except as amended by the Amendment, the terms of the Credit Agreement remain in full force and effect.

The information set forth above with respect to the Amendment does not purport to be complete and is qualified in its entirety by the full text of the Amendment, which is attached hereto as Exhibit 10.1 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 information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 9.01    Financial Statements and Exhibits

(c) The following exhibits are being filed herewith:
Exhibit No.Description
10.1
Joinder Agreement and Amendment No. 10 to Revolving Credit Agreement, dated April 29, 2026 among BDF Acquisition Corp., the lending institutions from time to time party thereto, Royal Bank of Canada, as administrative agent, and the other parties party thereto
104Cover Page with Interactive Data File (embedded within the Inline XBRL document)


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 hereunto duly authorized on this 30th day of April, 2026.
BOB’S DISCOUNT FURNITURE, INC.
By:/s/ Carl Lukach
Name:Carl Lukach
Title:Chief Financial Officer, Executive Vice President and Treasurer

Source: View Original Filing on SEC EDGAR

FAQ

What change did Bob’s Discount Furniture (BOBS) make to its revolving credit facility?

Bob’s Discount Furniture increased its revolving credit commitments from $125 million to $200 million. The amendment applies to its existing Revolving Credit Agreement and keeps other core terms in place while adjusting capacity and maturity.

How long is Bob’s Discount Furniture’s amended revolving credit facility now in place?

The amended revolving credit facility now matures on April 29, 2031. This extends the prior maturity date of July 1, 2029, giving the company a longer committed financing horizon with its lending group.

Can Bob’s Discount Furniture (BOBS) further increase its revolving commitments under the amendment?

Yes. The borrower may increase aggregate revolving commitments by up to an additional $50 million. Any such increase depends on obtaining commitments from lenders, allowing flexible expansion of capacity within the amended agreement framework.

How did the amendment change the borrowing base in Bob’s Revolving Credit Agreement?

The amendment removed the Tranche B borrowing base and added cash and cash equivalents subject to a control agreement. These items are now included when calculating availability under the revolving credit facility’s borrowing base formula.

Who is the administrative agent on Bob’s Discount Furniture’s amended credit facility?

Royal Bank of Canada remains the administrative and collateral agent under the amended Revolving Credit Agreement. The facility also includes various lending institutions and other parties, with some additional lenders joining through the amendment.

Does the amendment create a new direct financial obligation for Bob’s Discount Furniture?

The filing states that the amendment results in a direct financial obligation reportable under Item 2.03. This reflects the updated revolving credit commitments and terms documented in the amended agreement.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

Other Documents