GoPro Inc. Raises $50M Via Second Term Loan to Bolster Balance Sheet, Repay Debt

August 5, 2025

GoPro, Inc. has entered into a Second Lien Credit Agreement providing for a secured term loan in an aggregate principal amount of $50 million from Farallon Capital Management, LLC, and certain of its affiliates. 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 disciplined approach to capital management and reinforces our commitment to achieving long-term financial strength,” said Brian McGee, CFO and COO of GoPro, Inc. “Farallon’s understanding of our business needs allowed us to develop a solution that enhances our balance sheet in a way that is intended to provide the flexibility we need to meet our near-term obligations while continuing to execute on the business.”

GoPro’s obligations under the Second Lien Credit Agreement are guaranteed by certain of GoPro’s domestic subsidiaries and are secured by a second lien security interest in substantially all of the assets of GoPro, including its intellectual property, and a pledge of shares in certain of GoPro’s subsidiaries. SGB