---
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"
generated_at: "2026-06-23T05:52:36.656897+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Alphatec enters $50M ABL credit facility; accordion up to $75M, matures 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-019239
- JSON: https://secwatch.observer/filing/0000950170-22-019239.json
- Plain text: https://secwatch.observer/filing/0000950170-22-019239.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.