{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-019239","form_type":"8-K","ticker":"ATEC","cik":"0001350653","company_name":"Alphatec Holdings, Inc.","filed_at":"2022-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.299894+00:00","generated_at":"2026-06-23T05:52:36.656897+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Alphatec enters $50M ABL credit facility; accordion up to $75M, matures 2027","bullets":["Facility secured by accounts receivable (85% advance rate) and inventory (40%, capped at $15M or 50% of borrowing base).","Interest at Term SOFR + 3.50% per annum; maturity September 29, 2027 or 90 days before 2026 convertible notes maturity.","Proceeds used for fees, working capital, and general corporate purposes; $10M minimum liquidity covenant required.","Collateral includes substantially all assets except intellectual property; first-priority lien on subsidiary equity.","Lenders may increase commitments by up to $25M via additional tranches of at least $5M each, subject to conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-019239","json":"https://secwatch.observer/filing/0000950170-22-019239.json","markdown":"https://secwatch.observer/filing/0000950170-22-019239.md","text":"https://secwatch.observer/filing/0000950170-22-019239.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1350653/000095017022019239/0000950170-22-019239-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1350653/000095017022019239/atec-20220929.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T05:52:36.656897+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}