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Build-A-Bear Expands and Extends Revolving Credit Facility

Story Highlights
  • Build-A-Bear expanded and extended its revolving credit facility, securing up to $40 million.
  • The amendment lowers borrowing costs, tightens terms, and boosts liquidity without adding debt immediately.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Build-A-Bear Expands and Extends Revolving Credit Facility

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BuildABear Workshop ( (BBW) ) has provided an update.

On December 31, 2025, Build-A-Bear Workshop, Inc. and certain subsidiaries entered into a Third Amendment to their Revolving Credit and Security Agreement with a lender group led by PNC Bank, increasing the base borrowing capacity of the senior secured revolving credit facility from $25 million to $40 million, retaining an accordion feature permitting expansion up to $50 million, extending the facility’s maturity to December 31, 2030, lowering interest rates on borrowings and cutting the undrawn facility fee from 0.25% to 0.20%. The amended facility continues to be secured by a first-priority lien on substantially all personal property of the company and its U.S. and Canadian subsidiaries, maintains existing financial and negative covenants and customary events of default, and increases the loan cap while keeping a borrowing base tied to eligible receivables and inventory; at the time of the amendment the company had no outstanding borrowings under the facility and was in compliance with its covenants, signaling enhanced financial flexibility and liquidity headroom without an immediate rise in leverage for stakeholders.

The most recent analyst rating on (BBW) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on BuildABear Workshop stock, see the BBW Stock Forecast page.

Spark’s Take on BBW Stock

According to Spark, TipRanks’ AI Analyst, BBW is a Outperform.

Build-A-Bear Workshop’s overall stock score is driven by strong financial performance and positive earnings call sentiment. While technical analysis shows some bearish trends, the company’s valuation remains attractive. The reaffirmed guidance and strategic expansion efforts further bolster the stock’s outlook.

To see Spark’s full report on BBW stock, click here.

More about BuildABear Workshop

Build-A-Bear Workshop, Inc. is a specialty retailer that operates branded workshops and related entities focused on the sale of customizable stuffed animals and associated products through company-owned stores, franchises and other channels, with operations in the U.S., Canada and select international markets.

Average Trading Volume: 398,336

Technical Sentiment Signal: Strong Buy

Current Market Cap: $789.7M

See more insights into BBW stock on TipRanks’ Stock Analysis page.

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