GoPro Raises $50 Million Secured Term Loan
SAN MATEO, Calif., Aug. 4, 2025 /PRNewswire/ -- GoPro, Inc. (NASDAQ:GPRO) announced it entered into a second lien credit agreement (the "Second Lien Credit Agreement") providing for a secured term loan in an aggregate principal amount of $50 million from Farallon Capital Management, L.L.C., and certain of its affiliates ("Farallon"). The company closed the debt financing as part of a strategic initiative to bolster its balance sheet and placed approximately $94 million in escrow to repay the convertible debt maturing in November 2025.
"This debt financing underscores our disci
