Buzzfeed, Inc and Buzzfeed Media Enterprises, Inc Amends Credit Agreement and Extends USD 5.0 Million Payment Due Date

On May 7, 2026, BuzzFeed, Inc, BuzzFeed Media Enterprises, Inc., a wholly-owned subsidiary of the Company, and certain of the Company's other domestic and Canadian subsidiaries as borrowers and guarantors, entered into the Amendment No. 4 to Credit Agreement (the Fourth Amended Credit Agreement) with the financial institutions party thereto as lenders (the Lenders) and Sound Point Agency LLC, as agent for the Lenders. The Fourth Amended Credit Amendment amends the Credit Agreement dated as of May 23, 2025 (as amended by that certain Amendment No.

1 to the Credit Agreement dated as of July 31, 2025, by that certain Amendment No. 2 to Credit Agreement dated as of August 25, 2025, by that certain Amendment No. 3 to Credit Agreement dated as of March 11, 2026, and as amended, supplemented, or otherwise modified from time to time prior to the Fourth Amended Credit Agreement, the Credit Agreement).

$5.0 million was due under the Credit Agreement on April 30, 2026. The Fourth Amended Credit Agreement provides for an extension of the $5.0 million due under the Credit Agreement from April 30, 2026 to May 18, 2026. Additionally, the Fourth Amended Credit Agreement establishes certain incremental mandatory prepayments, whereby the Company is required to prepay any aggregate outstanding principal amounts of any Overadvances (as defined in the Credit Agreement) upon the occurrence of certain events, including from the sale of specified assets or the issuance of any equity interests, subject to the Company retaining liquidity of $7.5 million.

The Company will incur a debt modification fee of approximately $0.5 million in connection with the Fourth Amended Credit Agreement, which will be payable only upon the occurrence of certain events. If the $5.0 million payment and payment of any Overadvances are not made when due and remain unpaid following the expiration of any applicable cure period as defined in the Credit Agreement, an event of default would occur. Such a default, absent a waiver or amendment from the Lender, would permit the Lender to exercise its contractual remedies, subject to the terms and conditions of the Credit Agreement.

The Fourth Amended Credit Agreement also requires satisfaction of certain post-closing covenants including, among others, delivery of certain security documents and a perfection certificate.