Lemonade, Inc. (LMND) Form 8-K — Jun 24, 2026
Lemonade, Inc. entered into a New Business Financing Agreement with Hannover Re (Ireland) DAC to secure up to $250 million in capital for sales and marketing growth efforts. The facility is active from January 1, 2027, to December 31, 2028, with a $150 million outstanding cap during the first year and up to $250 million in the second year. Under the terms, Hannover will finance up to 80% of Lemonade's monthly Growth Spend, not to exceed $20 million per Reference Cohort.
Key figures
- Debt Amount
- 250 million
- Interest Rate
- 3-year U.S. Treasury Bill rate + 5.8%
- Per Cohort Limit
- 20 million
- Max Outstanding2027
- 150 million
- Max Outstanding2028
- 250 million
- Financing Percentage
- 80%
Price after filing
Close on the filing date to close N calendar days later (from $57.17). Historical, not a forecast.
AI analysis
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