Hims & Hers establishes $400M receivables purchase facility with JPMorgan

Filed July 1, 2026 · Period ending June 26, 2026 · ~1 min read

Key Changes

• high

  Two HIMS subsidiaries entered a $400M receivables purchase facility with JPMorgan, allowing them to sell eligible receivables at a discount for immediate cash. JPMorgan retains discretion to decline purchases. Initial 364-day term with indefinite one-year extension options.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  HIMS guaranteed its subsidiaries will perform their obligations under the facility but explicitly did not guarantee receivables collectability or subsidiary creditworthiness, limiting parent exposure to operational performance rather than credit risk.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  HIMS amended its existing revolving credit agreement to permit the receivables facility and carved out a $400M basket for related indebtedness. Interest rates, fees, covenants, and default provisions remain otherwise unchanged.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →