secwatch.observer — SEC 8-K summary
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Issuer:     ARTIVION, INC. (AORT)
CIK:        0000784199
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0000950157-24-000061
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Artivion enters $350M credit facility with Ares Capital, refinances existing debt
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- Entered $350M credit facility: $190M initial term loan, $100M delayed draw term loan, $60M revolving credit facility.
- Borrowed $190M + $30M revolver on Jan 18, 2024; proceeds used to refinance existing credit facilities and pay fees.
- Term loans: SOFR+6.50% (or Base+5.50%); revolver: SOFR+4.00% (or Base+3.00%); maturity Jan 18, 2030.
- Delayed draw term loan may be used solely to repurchase/repay 4.250% convertible senior notes due July 2025.
- Facilities secured by substantially all assets; includes covenants including maximum total net leverage ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/784199/000095015724000061/0000950157-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/784199/000095015724000061/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-24-000061

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