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Oct 2, 2025 8:40 AM

Alliance Entertainment Announces New 5-Year $120 Million Credit Facility with Bank of America

PLANTATION, Fla., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (NASDAQ:AENT), a premier distributor and omnichannel fulfillment partner to the entertainment and pop culture collectibles industry, supplying more than 340,000 unique SKUs across music, video, video games, licensed merchandise, and exclusive collectibles to over 35,000 retail and e-commerce storefronts, today announced the closing of a new $120 million senior secured revolving credit facility with Bank of America. The five-year facility replaces Alliance's previous asset-based lending (ABL) facility and will provide Alliance with enhanced financial flexibility to support its operations, growth initiatives, and working capital needs.

Key Terms:

Facility Size: $120 million senior secured revolving credit facility

Term: Five years

Interest Rate: SOFR plus 150 basis points through March 2026, and thereafter at SOFR plus 162.5 basis points

Loan Balance: $68.5 million at closing (October 1, 2025), with total undrawn availability at $51.5 million

Borrowings under the facility are subject to customary fees and covenants. Additional details will be included in a Current Report on Form 8-K, available on the SEC's website and Alliance's investor relations page.

"This new facility with Bank of America strengthens our balance sheet and provides the flexibility to continue executing our strategy," commented Bruce Ogilvie, Executive Chairman of Alliance Entertainment. "Alliance has built category leadership in physical media and collectibles by focusing on scale, exclusive content, and operational efficiency. This new agreement supports that momentum and positions us for the next phase of disciplined, profitable growth."

Amanda Gnecco, Chief Financial Officer of Alliance Entertainment, stated, "We believe this agreement reflects Bank of America's confidence in our model and the progress we've made improving margins. With this facility in place, we have the liquidity to continue advancing our long-term growth initiatives while maintaining the capital discipline that has driven our recent performance."

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