---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-085173"
form_type: "8-K"
ticker: "VCEL"
cik: "0000887359"
company_name: "Vericel Corp"
filed_at: "2022-08-02T23:59:59+00:00"
generated_at: "2026-06-24T06:13:11.661151+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Vericel enters $150M senior secured revolving credit facility due 2027

## Summary
- $150 million five-year senior secured revolver; matures July 29, 2027.
- Facility secured by first-priority lien on substantially all assets; includes $5M swingline and $15M letter of credit sub-facility.
- Interest rate options: SOFR + 0.10% plus spread 1.25%-2.50%, or base rate plus 0.25%-1.50%.
- Proceeds for general corporate purposes, including acquisitions and capex.
- Commitment fee 0.20%-0.25%; financial covenants including max total net leverage ratio.

## SEC filing metadata
- accession: 0001104659-22-085173
- form_type: 8-K
- ticker: VCEL
- cik: 0000887359
- company_name: Vericel Corp
- filed_at: 2022-08-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887359/000110465922085173/0001104659-22-085173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887359/000110465922085173/tm2222324d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-085173
- JSON: https://secwatch.observer/filing/0001104659-22-085173.json
- Plain text: https://secwatch.observer/filing/0001104659-22-085173.txt

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