ACCURAY INC (ARAY): debt financing — Accuray refinances debt: $150M term loan from TCW, exchanges $82M notes for stock & cash

ACCURAY INC

Exchanged ~$82M of 3.75% convertible notes for 8.88M shares and ~$68.6M cash; $18M of notes remain outstanding.
New $150M term loan, $20M delayed draw, $20M revolver with TCW; matures June 2030; interest SOFR+8.5% or base+7.5%.
Issued 17.2M Premium Warrants ($1.68 strike, 6-month lockout) and 6.25M Penny Warrants ($0.01 strike) to lenders.
Appointed Steven F. Mayer (TCW designee) to board; TCW also gets two non-voting observer seats.
Proceeds used to fully repay existing SVB credit facility and fund note exchange; existing agreement terminated.

item 1.01 item 1.02 item 2.03 item 3.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Steven F. Mayer

Director

ARAY · ACCURAY INC

Effective: 2025-06-03
Filed: June 6, 2025, 7:59 PM ET

On June 3, 2025, the Board appointed Steven F. Mayer to the Board as a Class III director, with a term expiring at the Company’s 2027 annual meeting of stockholders, effective immediately prior to, and contingent upon, the effectiveness of the Financing Agreement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ACCURAY INC incurred credit facility of $150 million of new five-year term loan facilities, a new $20 million delayed draw term loan facility and a new $20 mill with TCW Asset Management Company LLC at term SOFR-based rate (subject to a 2.00% per annum floor), plus an applicable ma maturing June 6, 2030.

Instrument: credit facility
Principal: $150 million of new five-year term loan facilities, a new $20 million delayed draw term loan facility and a new $20 mill
Counterparty: TCW Asset Management Company LLC
Rate: term SOFR-based rate (subject to a 2.00% per annum floor), plus an applicable ma
Maturity: June 6, 2030
Event: incurrence

Exact text from the filing

(Exact name of Registrant as Specified in Its Charter) ____________________________ Delaware (State or Other Jurisdiction of Incorporation) 001-33301 (Commission File Number) 20-8370041 (IRS Employer Identification No.) 1240 Deming Way Madison , Wisconsin (Address of Principal Executive Offices) 53717-1954 (Zip Code) Registrant’s Telephone Number,

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven F. Mayer was appointed as Director at ACCURAY INC.

Action: appointed
Role: Director

Exact text from the filing

On June 3, 2025, the Board appointed Steven F. Mayer to the Board as a Class III director, with a term expiring at the Company’s 2027 annual meeting of stockholders, effective immediately prior to, and contingent upon, the effectiveness of the Financing Agreement.

View on SEC.gov

101 debt financings filed in the last 30 days. Browse all debt financings →

ACCURAY INC filing history →

Source: SEC EDGAR

accession 0000950103-25-007090

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