Solo Brands, Inc. Appoints John Larson as Chief Executive Officer; Company Completes Comprehensive Debt Restructuring

Core Insights - Solo Brands, Inc. has appointed Mr. John P. Larson as the permanent President and CEO, effective immediately, indicating a strong leadership transition [1] - The company has successfully completed a comprehensive debt restructuring, enhancing its financial flexibility and supporting its strategic transformation plans [2][3] Financial Restructuring - The Amendment to the Credit Agreement, effective June 13, 2025, includes a revolving credit facility of $90 million and a new term loan facility of $240 million [5] - The company has paid down $136.5 million of revolving loans and $32.5 million of existing term loans, resulting in total outstanding debt of $19.7 million under the revolving facility and $240 million under the new term loan as of June 13, 2025 [5] - The maturity of the revolving loans and new term loans has been extended to June 30, 2028, providing a longer financial runway for the company [5] Strategic Vision - The company aims to leverage its strong brand recognition and turnaround efforts to stabilize and transform its business, supported by a well-aligned team and board [4] - The successful debt restructuring is viewed as a significant step forward in executing the company's multi-year transformational growth strategy [3]