{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-007090","form_type":"8-K","ticker":"ARAY","cik":"0001138723","company_name":"ACCURAY INC","filed_at":"2025-06-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.634171+00:00","generated_at":"2026-05-19T18:04:38.517633+00:00","sec_items":["1.01","1.02","2.03","3.02","5.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Accuray refinances debt: $150M term loan from TCW, exchanges $82M notes for stock & cash","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-007090","json":"https://secwatch.observer/filing/0000950103-25-007090.json","markdown":"https://secwatch.observer/filing/0000950103-25-007090.md","text":"https://secwatch.observer/filing/0000950103-25-007090.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1138723/000095010325007090/0000950103-25-007090-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1138723/000095010325007090/dp229846_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T18:04:38.517633+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7452ee390708bec6b82e9baf5e41cefc2fb1a577","claim":"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.","evidence_excerpt":"(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,","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138723/000095010325007090/0000950103-25-007090-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$150 million of new five-year term loan facilities, a new $20 million delayed draw term loan facility and a new $20 mill"},{"label":"Counterparty","value":"TCW Asset Management Company LLC"},{"label":"Rate","value":"term SOFR-based rate (subject to a 2.00% per annum floor), plus an applicable ma"},{"label":"Maturity","value":"June 6, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ef49a81b97","claim":"Steven F. Mayer was appointed as Director at ACCURAY INC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138723/000095010325007090/0000950103-25-007090-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}