secwatch.observer — SEC 8-K summary
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Issuer:     Alignment Healthcare, Inc. (ALHC)
CIK:        0001832466
Form:       8-K
Filed at:   2022-09-06T23:59:59+00:00
Accession:  0000950170-22-018085
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Alignment Healthcare enters $250M term loan facility, repays $159.3M existing debt
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- Initial $165M drawn Sep 2, 2022; up to $85M delayed draw available through Sep 2027.
- Proceeds used to repay $159.3M existing term loan with CRG Servicing LLC.
- Interest rate = 1-month SOFR (floor 1%) + 6.50% margin; maturity Sep 1, 2027.
- Covenants: minimum liquidity $23M and maximum debt/trailing 12-month revenue ratio.
- Borrower granted first-priority security interest in substantially all assets; health plan subsidiaries not guarantors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832466/000095017022018085/0000950170-22-018085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832466/000095017022018085/alhc-20220902.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-018085

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