secwatch.observer — SEC 8-K summary
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Issuer:     Orthofix Medical Inc. (OFIX)
CIK:        0000884624
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0000950170-23-028350
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orthofix cuts credit facility to $175M, amends EBITDA addbacks
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- Credit facility reduced from $300M to $175M; interest rate increased in certain circumstances.
- Maturity unchanged at October 25, 2024; $51M currently outstanding.
- Amended EBITDA calculation allows certain expense addbacks and higher foreign subsidiary EBITDA share from Q1 2023.
- Orthofix pledged ownership interest in Italian subsidiary Orthofix S.r.l. as additional collateral.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884624/000095017023028350/0000950170-23-028350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884624/000095017023028350/ofix-20230613.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-028350

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