secwatch.observer — SEC 8-K summary
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Issuer:     ANGIODYNAMICS INC (ANGO)
CIK:        0001275187
Form:       8-K
Filed at:   2022-08-31T23:59:59+00:00
Accession:  0000914121-22-004083
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AngioDynamics enters $105M credit facility; repays existing debt
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- New $75M secured revolving credit facility maturing 2027, plus $30M term loan facility for Auryon laser manufacturing costs.
- Used to repay all amounts under prior credit agreement (dated June 3, 2019), which was terminated.
- Interest rates: SOFR plus margin tied to leverage ratio (1.25%-1.75% for SOFR loans).
- Financial covenants: Fixed charge coverage >=1.25x, total leverage <=3.00x (3.50 after acquisitions).
- Uncommitted expansion feature allows up to $75M additional in $5M increments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275187/000091412122004083/0000914121-22-004083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275187/000091412122004083/an58196154-8ki.htm
  HTML page:      https://secwatch.observer/filing/0000914121-22-004083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer