REED

#4748
Reed's, Inc. Common Stock
0.8 8 USD
+0.01%
Market Price
Settore: Beni di Consumo Difensivi
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
0.88
0.92
Intervallo Annuale
0.75
5.97
Variazione giornaliera
+1.15%
Variazione Mensile
-1.12%
Variazione di 6 mesi
-62.87%
Variazione Annuale
-72.67%
Chiusura Precedente
0.8 7
Open
0.9 2
Minimo
0.8 8
Massimo
0.9 2
Volume
6
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, Q3 FY2026
REED's, INC. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
REED's, INC. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
REED's, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
REED's, INC. quarterly report, Q1 FY2026
10-Q

REED's, INC. current report, Q3 FY2015

Full document

Business Context and Reporting Period

Company: REED's, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: September 1, 2015
Event: Entry into a material definitive agreement and creation of a direct financial obligation.

Key Financial Metrics and Obligations

  • New Debt (Term Loan B): $1,500,000 principal balance.
  • Interest Rate (Term Loan B): Prime plus 11.60% (currently 14.85%).
  • Repayment Terms (Term Loan B): Interest-only for the first two months; followed by four monthly payments of $386,672.90 (including interest in arrears) beginning December 1, 2015. Total term is 6 months.
  • Existing Debt (Term Loan A): $1,500,000 principal balance.
  • Revolving Credit Facility: $6,000,000 total availability with approximately $2,100,000 excess borrowing availability as of the filing date.

Material Changes and Modifications

The filing details significant modifications to the terms of existing and new debt instruments:

  • Term Loan A Rate Modification: The interest rate calculation has changed to a sliding scale based on trailing 6-month EBITDA:
    • If EBITDA remains below $1,000,000, the rate increases from 9% to 12%.
    • If EBITDA rises to $1,500,000, the rate remains at 9%.
  • Rate Protection Condition: Interest rates for the asset-based lending suite (Revolving loan, CAPEX loan, and Term Loan A) will remain unchanged if Excess Borrowing Availability under the $6 million Revolving loan exceeds $1,500,000 for the preceding month.

Management Commentary and Strategic Outlook

Management states that the additional capital from Term Loan B is intended to provide financial flexibility. Specifically, the funds will facilitate a smooth transition during the unwinding of raw material inventory and the solidification of the supply chain in the Eastern United States.

Investor Verification Checklist

  • Verify the company's current trailing 6-month EBITDA to determine if the Term Loan A interest rate will increase to 12%.
  • Confirm the status of the "unwinding of raw material inventory" and whether the supply chain transition in the Eastern U.S. is proceeding as planned.
  • Monitor the Excess Borrowing Availability under the $6 million Revolving facility to ensure it remains above $1,500,000 to maintain current interest rates on existing asset-based loans.
  • Review the cash flow impact of the four large monthly payments ($386,672.90) commencing December 1, 2015.