secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0000950170-23-000820
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonendo amends credit agreement to replace LIBOR with SOFR as benchmark rate
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- Amendment No. 2 replaces One-Month LIBOR with One-Month Term SOFR as the benchmark rate under the existing credit agreement, effective Jan. 13, 2023.
- No changes to principal amount, maturity, or other material financial terms; it is a routine LIBOR transition.
- The amendment includes conforming changes and provisions for future rate replacement if SOFR becomes unavailable.
- Both Sonendo (borrower) and Perceptive Credit Holdings III, LP (lender/collateral agent) executed the amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000095017023000820/0000950170-23-000820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000095017023000820/sonx-20230113.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000820

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer