{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-124165","form_type":"8-K","ticker":"OFIX","cik":"0000884624","company_name":"Orthofix Medical Inc.","filed_at":"2024-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.257166+00:00","generated_at":"2026-05-30T03:09:39.921337+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Orthofix enters $275M secured credit facility with Oxford Finance; repays Blue Torch loan","bullets":["New credit agreement provides $160M term loan, $65M delayed draw, and up to $50M discretionary facility, maturing Nov 2029.","Interest rate: greater of 8.75% or 5.75% plus 1-month SOFR; facility fee 1.5% of each funded tranche.","Company terminated prior $275M credit agreement with Blue Torch Finance dated Nov 2023.","Covenants require min $45M unrestricted cash at closing, $15M ongoing, and max 4.0x total debt-to-EBITDA leverage.","Delayed draw Term B available from Jan 2025 to Jun 2026 subject to leverage compliance; Term C at Oxford's discretion."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-124165","json":"https://secwatch.observer/filing/0000950170-24-124165.json","markdown":"https://secwatch.observer/filing/0000950170-24-124165.md","text":"https://secwatch.observer/filing/0000950170-24-124165.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/884624/000095017024124165/0000950170-24-124165-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/884624/000095017024124165/ofix-20241107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T03:09:39.921337+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"}