Allbirds Stock’s Next Test Is Days Away After Credit Reset and AI Pivot
Allbirds Inc will enter the first trading week of June with a smaller revolving credit facility, two new term-loan tranches and a shareholder vote days away, after a filing late in the week sharpened the financing story around its planned move away from footwear. The company said in a May 28 filing that an amendment dated May 26 cut revolving commitments — credit it can draw, repay and draw again — to $44.2 million from $50 million. The amendment also added a Term Loan A of up to $3.3 million and a Term Loan B of up to $2.5 million; term loans are debt repaid over a set period.