Financing ·
Owlet, Inc. and its subsidiary Owlet Baby Care, Inc. entered into a $25,000,000 asset-based revolving credit facility…
OWLTOwlet, Inc.
Owlet, Inc. and its subsidiary Owlet Baby Care, Inc. entered into a $25,000,000 asset-based revolving credit facility with Wells Fargo Bank, National Association, effective June 26, 2026. The company used an initial draw of $17,063,000 to refinance and extinguish existing debt from ABL OPCO LLC and WTI Fund X, Inc. The facility matures on its third anniversary and includes financial covenants regarding liquidity and EBITDA thresholds. Owlet, Inc. develops and manufactures smart baby monitoring technology.