New Credit Agreement enable BuzzFeed , Inc. to Eliminate Convertible Debt in Full and leverage 4.9 % of Its Class A Common descent

NEW YORK – ( May 27 , 2025 ) – BuzzFeed , Inc. ( “ BuzzFeed ” or the “ ship’s company ” ) ( Nasdaq : BZFD ) today announced it has entered into a raw $ 40 million condition loan provided by Sound Point Agency LLC . The agreement will offer BuzzFeed increase financial flexibility to support its business concern operations , simplify its capital structure , and invest in strategic initiatives .

BuzzFeed intends to use a portion of the takings to reward , in full , its salient convertible eminence . Once that redemption process is fill in , BuzzFeed will have fully terminated its convertible debt obligations .

The Company also correspond to purchase 1,826,845 shares of its Class A common descent in a in private negotiated transaction with a single shareholder at a damage of $ 1.824 per share . The dealing currently represents 4.9 % of BuzzFeed ’s Class A common stock spectacular .

The Modern cite adroitness enhance BuzzFeed ’s capital locating and accelerates its focus on long - term growth and financial discipline .

Lucid Capital serve as the placing factor for BuzzFeed .

Additional item are useable in the companionship ’s 8 - K filed with the SEC on May 27 , 2025 .

We will remain to disclose information on our Investor Relations website atinvestors.buzzfeed.com .

Forward - Looking affirmation

Certain statement in this pressing spill may be considered forward - looking statements within the meaning of discussion section 27A of the Securities Act of 1933 , as amended , and Section 21E of the Securities Exchange Act of 1934 , as repair , which statements involve material danger and uncertainties . Our forward - look affirmation admit , but are not circumscribe to , statements regarding our management team ’s expectation , hopes , beliefs , intentions , or scheme regarding the time to come . In improver , any statements that refer to projection , forecasts ( including our mentality for 2025 ) , or other characterizations of succeeding events or circumstances , including any underlie assumptions , are forrader - looking statements . The words “ affect , ” “ promise , ” “ believe , ” “ can , ” “ meditate , ” “ continue , ” “ could , ” “ estimate , ” “ expect , ” “ forecast , ” “ intend , ” “ may , ” “ might , ” “ plan , ” “ possible , ” “ potential , ” “ predict , ” “ project , ” “ try , ” “ should , ” “ direct , ” “ will , ” “ would , ” and similar expressions may identify frontwards - seem statements , but the absence of these run-in does not mean that a statement is not forward - looking . The forward - looking statements contained in this press spill are base on current expectations and beliefs concerning future developments and their potential effects on us . There can be no confidence that succeeding developments affecting us will be those that we have promise . These forth - looking statements involve a number of risks , uncertainties ( some of which are beyond our ascendence ) or other Assumption that may make existent results or performance to be materially different from those expressed or implied by these forward - looking statements .

These risks and uncertainties let in , but are not limited to : ( 1 ) macroeconomic factor including : adverse economical conditions in the United States and globally , including the potential onset of receding ; potential administration shutdowns or loser to raise the U.S. federal debt ceiling ; current global supply Ernst Boris Chain flutter ; the ongoing conflicts between Russia and Ukraine and between Israel and Hamas and any related to sanctions and geopolitical tensions , and further escalation of trade tension between the U.S. and its trading partners ; tariffs ; the inflationary environment ; and the competitive labor movement market ; ( 2 ) developments relating to our competitors and the digital media diligence , including overall demand of advertising in the mart in which we manoeuvre ; ( 3 ) demand for our products and service or changes in traffic or troth with our brands and capacity ; ( 4 ) changes in the business and competitive environment in which we and our current and prospective partners and advertisers operate ; ( 5 ) our next chapiter demand , include , but not limited to , our ability to find additional capital in the future , to buy back our $ 29.7 million aggregate principal amount of unlocked convertible notes due 2026 ( i.e. , the “ Notes ” ) upon a fundamental modification such as the delisting of our Class A common gunstock , at their due date , or upon the holders of the Notes requiring quittance of their greenback on or after May 31 , 2025 , any restriction imposed by , or commitments under , the indenture governing the Notes or agreements governing any future indebtedness , and any restrictions on our ability to access our cash and cash combining weight ; ( 6 ) developments in the police force and governing rule , including , but not set to , revised foreign mental object and ownership regulating , and the result of legal proceedings , regulative difference , or governmental investigating to which we are capable ; ( 7 ) the benefits of our restructuring ; ( 8) our succeeder disinvest of companies , asset , or brands we sell , or in integrating and support the companionship we acquire ; ( 9 ) our success in launching new product or platform , including any new social media platform ; ( 10 ) technological developments include artificial intelligence ; ( 11 ) our achiever in hold or recruiting , or changes required in , officers , other key employees or directors ; ( 12 ) use of content creators and on - television camera gift and relationship with third parties managing sure of our brandmark mathematical operation outside of the United States ; ( 13 ) the security department of our selective information technology scheme or data point ; ( 14 ) disruption in our service , or by our failure to apropos and effectively scale and adapt our existing engineering and substructure ; ( 15 ) our ability to asseverate the itemization of our Class A common origin and warrants on The Nasdaq Stock Market LLC ; and ( 16 ) those factors line under the section entitled “ Risk factor ” in the Company ’s annual and quarterly filing with the Securities and Exchange Commission .

Should one or more of these risks or uncertainties happen , or should any of our assumption try out incorrect , actual result may motley in material respects from those projected in these forward - looking statements . There may be additional risks that we consider indifferent or which are strange . It is not potential to predict or identify all such peril . We do not contract any responsibility to update or revise any forward - appear statements , whether as a result of Modern information , succeeding events , or otherwise , except as may be required under applicable securities law of nature .

About BuzzFeed , Inc.

BuzzFeed , Inc. is home to the best of the Internet . Across amusement , news show , food , pop culture , and commerce , our blade drive conversation and inspire what audiences watch , translate , and corrupt now — and into the time to come . Born on the Internet in 2006 , BuzzFeed is committed to making it better : provide trusted , lineament , firebrand - dependable word and amusement to hundreds of millions of people ; ca-ca content on the Internet more inclusive , empathetic , and originative ; and inspiring our consultation to live better living .

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Contacts

Media Contact:juliana.clifton@buzzfeed.com

Investor Relations:investors@buzzfeed.com