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BETR · Better Home & Finance Holding Co · Debt

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$16.58 +1.00 (+6.42%) At close · Oct 22
Market Cap
$311.39M
Shares
19.00M
Volume · Oct 22 1.79M Avg daily vol (3M) 826.29K

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Operating lease liabilities 2026-06-30 USD 4,579,000 10-Q filed 2026-08-11
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Some sections could not be verified in 1 agreement document. Other restrictions or tests may apply.

Verified tests, triggers and restrictions appear with each agreement below. A verified term does not establish current compliance.

Loans, facilities and notes

6.00% Senior Secured PIK Toggle Notes due 2028

Note · Better Home & Finance Holding Company

Reference: 6.00% Senior Secured PIK Toggle Notes due 2028

Active
Original principal
USD 155,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 6% Reported 2025-04-28 Later filings may not restate these terms; this does not confirm they still apply.

Verified covenant terms

  • Section 6.08 · Collection Suit by Trustee the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount of principal of, premium on, if any, and interest, if any, remaining unpaid on the Notes Applies to every series under this agreement Section 6.08. Collection Suit by Trustee.
    Full wording and supporting evidence
    Source evidence: Section 6.08. Collection Suit by Trustee. If an Event of Default specified in Section 6.01(a)(1) or Section 6.01(a)(2) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount of principal of, premium on, if any, and interest, if any, remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.
    Target identity evidence: INDENTURE, dated as of April 28, 2025, among Better Home & Finance Holding Company, a Delaware corporation (the “Issuer”), the Guarantors (as defined herein) and GLAS Trust Company LLC, as trustee (in such capacity, the “Trustee”) and collateral agent (in such capacity, the “Notes Collateral Agent”).
    Target identity evidence: WHEREAS, the Issuer has duly authorized the creation and issuance of $155,000,000 aggregate principal amount of 6.00% Senior Secured PIK Toggle Notes due 2028 (the “Initial Notes”); and
    Target identity evidence: WHEREAS, the Issuer may issue PIK Notes (as defined herein) and Additional Notes (as defined herein) from time to time after the Issue Date pursuant to this Indenture (such PIK Notes and Additional Notes, collectively with the Initial Notes, the “Notes”);
Documents and filing history
  1. Issuance · 2025-04-28 Original principal USD 155,000,000 Exact source document Parent 8-K filing · 2025-04-28
    WHEREAS, the Issuer has duly authorized the creation and issuance of $155,000,000 aggregate principal amount of 6.00% Senior Secured PIK Toggle Notes due 2028 (the “Initial Notes”); and
    Issuer evidence: INDENTURE, dated as of April 28, 2025, among Better Home & Finance Holding Company, a Delaware corporation (the “Issuer”), the Guarantors (as defined herein) and GLAS Trust Company LLC, as trustee (in such capacity, the “Trustee”) and collateral agent (in such capacity, the “Notes Collateral Agent”).
    Supporting evidence: WHEREAS, the Issuer has duly authorized the creation and issuance of $155,000,000 aggregate principal amount of 6.00% Senior Secured PIK Toggle Notes due 2028 (the “Initial Notes”); and
Key facts CIK 1835856 CUSIP 08774B508 13F (30d) 11 filings 11 filers Visit website Investor relations