BuzzFeed amends credit agreement for $5 million loan and $25 million overadvance

BuzzFeed, Inc. (NASDAQ:BZFD), a digital media company with a market capitalization of $74 million and current revenue of $194 million, entered into an amendment to their existing credit agreement with Sound Point Agency LLC and participating lenders, according to a statement made in a recent SEC filing.

The amendment, effective Monday, provides BuzzFeed with an incremental loan commitment of $5 million, which must be repaid in full by February 20, 2026. In addition, the agreement allows for a permitted overadvance of up to $25 million from the effective date through February 20, 2026. According to InvestingPro data, while the company maintains a healthy current ratio of 1.23, indicating its ability to meet short-term obligations, it currently carries total debt of $82.6 million.

BuzzFeed borrowed the full $5 million on the closing date. The credit agreement involves BuzzFeed, Inc., its wholly-owned subsidiary BuzzFeed Media Enterprises, Inc., and certain other domestic and Canadian subsidiaries as borrowers and guarantors.

The filing did not disclose specific terms regarding interest rates or covenants related to the amended agreement. The amendment follows previous changes to the credit agreement, which was originally dated May 23, 2025, and first amended on July 31, 2025.

This information is based on a statement made in a press release included in a Form 8-K filing with the Securities and Exchange Commission. The company’s Class A common stock and redeemable warrants are listed on The Nasdaq Stock Market LLC under the symbols BZFD and BZFDW, respectively.

In other recent news, BuzzFeed Inc. reported a 13% increase in revenue for the second quarter of 2025, reaching $46.4 million. Despite this growth, the company experienced a net loss of $10.6 million from continuing operations. The revenue boost was driven by significant growth in content and commerce revenues. The company is undergoing a strategic shift away from platform dependency, which has been a focal point for investors. Analysts are closely monitoring these developments as BuzzFeed continues to adapt its business model. The second quarter results reflect the company’s efforts to capitalize on the digital shift, a move that has garnered attention from industry observers. These recent developments indicate BuzzFeed’s ongoing transformation in response to market changes.

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