secwatch.observer — SEC 8-K summary
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Issuer:     VAPOTHERM INC (—)
CIK:        0001253176
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0000950170-24-039374
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vapotherm enters $4M Term Loan B maturing July 2024 at SOFR+8.4% with weekly cash flow reporting
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- Interest rate = 1-month CME Term SOFR + SOFR adjustment + 8.30% + 0.10% (effective ~SOFR+8.4%).
- Maturity on July 26, 2024; no scheduled amortization, full principal due at maturity.
- Draws subject to lender investment committee approval; initial $2M then two $1M advances with 20-day intervals.
- Amended covenants: weekly cash flow forecasting and bi-weekly revenue reports required.
- All existing loan documents, guarantees, and security interests reaffirmed and remain in full force.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1253176/000095017024039374/0000950170-24-039374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1253176/000095017024039374/vapo-20240326.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-039374

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