Upbound Group Enters Material Agreement, Incurs Financial Obligation
Ticker: UPBD · Form: 8-K · Filed: Aug 19, 2025 · CIK: 933036
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: UPBD
TL;DR
UPBD just signed a big deal and took on new debt/obligations. Watch this space.
AI Summary
On August 19, 2025, UPBOUND GROUP, INC. (UPBD) entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.
Why It Matters
This filing signals a significant new financial commitment or agreement for Upbound Group, which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.
Key Players & Entities
- UPBOUND GROUP, INC. (company) — Registrant
- August 19, 2025 (date) — Date of Report
FAQ
What is the nature of the material definitive agreement entered into by UPBOUND GROUP, INC.?
The filing indicates the entry into a material definitive agreement but does not specify its nature in the provided text.
What type of financial obligation has UPBOUND GROUP, INC. created?
The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details are not provided in this excerpt.
What is the filing date for this 8-K report?
The filing date for this 8-K report is August 19, 2025.
What is UPBOUND GROUP, INC.'s IRS Employer Identification No.?
UPBOUND GROUP, INC.'s IRS Employer Identification No. is 45-0491516.
What is UPBOUND GROUP, INC.'s state of incorporation?
UPBOUND GROUP, INC. is incorporated in Delaware.
Filing Stats: 767 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2025-08-19 16:33:24
Key Financial Figures
- $77 million — isions) and (ii) provides approximately $77 million of incremental commitments under the Cr
- $875 million — er the Credit Agreement on such date of $875 million. The Borrower intends to use the procee
Filing Documents
- tm2523851d1_8k.htm (8-K) — 29KB
- tm2523851d1_ex10-1.htm (EX-10.1) — 1033KB
- 0001104659-25-080284.txt ( ) — 1449KB
- upbd-20250819.xsd (EX-101.SCH) — 3KB
- upbd-20250819_lab.xml (EX-101.LAB) — 33KB
- upbd-20250819_pre.xml (EX-101.PRE) — 22KB
- tm2523851d1_8k_htm.xml (XML) — 3KB
01 Entry Into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement. On August 19, 2025 (the "Closing Date"), Upbound Group, Inc., a Delaware corporation (the "Borrower"), and certain other subsidiaries of the Borrower entered into an amendment (the "Amendment") of its Term Loan Credit Agreement, dated as of February 17, 2021 (as amended by the First Amendment to Term Loan Credit Agreement, dated as of September 21, 2021, as amended by the Second Amendment to Term Loan Credit Agreement, dated as of June 15, 2023, as amended by the Third Amendment to Term Loan Credit Agreement, dated as of May 28, 2024 and as further amended by the Amendment, the "Credit Agreement"), among the Borrower, the other Loan Parties party thereto, the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the "Agent"). The Amendment, in addition to certain other changes, (i) extends the maturity date for the loans outstanding under the Credit Agreement to August 19, 2032 (subject to certain springing maturity provisions) and (ii) provides approximately $77 million of incremental commitments under the Credit Agreement, all of which were drawn on the Closing Date, resulting in total aggregate borrowings under the Credit Agreement on such date of $875 million. The Borrower intends to use the proceeds of the incremental borrowings on the Closing Date to pay fees and expenses in connection with the Amendment and for working capital and other general corporate purposes, which may include the repayment of a portion of the outstanding loans under the Borrower's revolving credit facility. Capitalized terms used in this Item 1.01 but not otherwise defined herein have the meanings assigned to them in the Credit Agreement. The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
03 Creation of a Direct Financial Obligation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information in Item 1.01 of this Current Report is incorporated by reference into this Item 2.03.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Fourth Amendment to Term Loan Credit Agreement, dated as of August 19, 2025, by and among Upbound Group, Inc., the other Loan Parties party thereto, the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. UPBOUND GROUP, INC. Date: August 19, 2025 By: /s/ Bryan Pechersky Bryan Pechersky Executive Vice President, General Counsel and Corporate Secretary