Arlo Technologies Enters New Credit Agreement

TL;DR

Arlo just signed a new credit deal, potentially boosting their cash flow.

AI Summary

On November 14, 2024, Arlo Technologies, Inc. entered into a Material Definitive Agreement, specifically a credit agreement. This agreement creates a direct financial obligation for the registrant. The filing details the terms and conditions of this new financial arrangement.

Why It Matters

This filing indicates Arlo Technologies has secured new financing, which could impact its operational flexibility and future investments.

Risk Assessment

Risk Level: medium — Entering into new financial obligations carries inherent risks related to repayment and interest rate fluctuations.

Key Players & Entities

• Arlo Technologies, Inc. (company) — Registrant
• November 14, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share ARLO New York Stock Excha
• $45.0 million — cility (the "Credit Facility") of up to $45.0 million that matures on November 14, 2027, whic
• $10.0 million — ovember 14, 2027, which also includes a $10.0 million sublimit for the issuance thereunder of
• $30.0 million — loan commitments by up to an additional $30.0 million in the aggregate, subject to the satisf

Filing Documents

• d877028d8k.htm (8-K) — 32KB
• d877028dex101.htm (EX-10.1) — 801KB
• g877028g1114105217128.jpg (GRAPHIC) — 3KB
• 0001193125-24-260928.txt ( ) — 1159KB
• arlo-20241114.xsd (EX-101.SCH) — 3KB
• arlo-20241114_lab.xml (EX-101.LAB) — 18KB
• arlo-20241114_pre.xml (EX-101.PRE) — 11KB
• d877028d8k_htm.xml (XML) — 4KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1* Credit Agreement, by and among Arlo Technologies, Inc., the lenders that are from time to time parties thereto and HSBC Bank USA, National Association, as Administrative Agent, Issuing Bank and Swingline Lender, dated as of November 14, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Certain schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements, including, but not limited to, statements related to the financial capacity of the Credit Facility available under the Credit Agreement. These forward-looking statements are based on the Company's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated by such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, the risks that the anticipated financial capacity of the Credit Facility under the Credit Agreement may not be available when expected, or at all and those other risks detailed from time to time under the caption "Risk Factors" in the most recently filed Annual Report and Quarterly Report filed with the Securities and Exchange Commission (the "SEC") and subsequent filings with the SEC. The Company undertakes no duty or obligation to update any forward-looking statements contained in this Current Report on Form 8-K as a result of new information, future events or changes in its expectations.

SIGNATURES

SIGNATURES 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. ARLO TECHNOLOGIES, INC. By: /s/ Kurtis Binder Name: Kurtis Binder Title: Chief Financial Officer and Chief Operating Officer Date: November 18, 2024