8-K
filed June 30, 2023, 7:59 PM ET
CIK 0001934064
debt
confidence high
sentiment neutral
materiality 0.55
ProSomnus, Inc.: debt financing — ProSomnus amends convertible note indentures, adds mandatory redemption
ProSomnus, Inc.
- Amends Senior Secured Convertible Notes due 2025; quarterly redemption of $847,990 begins Oct 1, 2024.
- Amends Subordinated Secured Convertible Notes due 2026; minimum EBITDA and revenue covenants revised.
- Both amendments modify financial covenants (minimum EBITDA, minimum revenue) in existing indentures.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.7
ProSomnus, Inc. amended convertible notes with Wilmington Trust, National Association maturing April 6, 2026.
- Instrument
- convertible notes
- Counterparty
- Wilmington Trust, National Association
- Maturity
- April 6, 2026
- Event
- amendment
Exact text from the filing
On June 29, 2023, the Company entered into the First Supplemental Indenture (the “Subordinated Supplemental Indenture”) to that certain Indenture, dated December 6, 2022, by and among the Company, ProSomnus Holdings, Inc. and ProSomnus Sleep Technologies, Inc., as guarantors, and Wilmington Trust, National Association, as trustee and collateral agent (as amended, the “Subordinated Indenture”), pursuant to which the Company issued its Subordinated Secured Convertible Notes due April 6, 2026.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.7
ProSomnus, Inc. amended convertible notes with Wilmington Trust, National Association maturing December 6, 2025.
- Instrument
- convertible notes
- Counterparty
- Wilmington Trust, National Association
- Maturity
- December 6, 2025
- Event
- amendment
Exact text from the filing
On June 29, 2023, ProSomnus, Inc. (the “Company”) entered into the First Supplemental Indenture (the “Senior Supplemental Indenture”) to that certain Indenture, dated December 6, 2022, by and among the Company, ProSomnus Holdings, Inc. and ProSomnus Sleep Technologies, Inc., as guarantors, and Wilmington Trust, National Association, as trustee and collateral agent (as amended, the “Senior Indenture”), pursuant to which the Company issued its Senior Secured Convertible Notes due December 6, 2025 (the “Senior Convertible Notes”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ProSomnus, Inc. amended First Supplemental Indenture (the "Senior Supplemental Indenture") with Wilmington Trust, National Association (effective 2023-06-29).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- Wilmington Trust, National Association
- Effective
- 2023-06-29
Exact text from the filing
On June 29, 2023, ProSomnus, Inc. (the “Company”) entered into the First Supplemental Indenture (the “Senior Supplemental Indenture”) to that certain Indenture, dated December 6, 2022, by and among the Company, ProSomnus Holdings, Inc. and ProSomnus Sleep Technologies, Inc., as guarantors, and Wilmington Trust, National Association, as trustee and collateral agent (as amended, the “Senior Indenture”), pursuant to which the Company issued its Senior Secured Convertible Notes due December 6, 2025 (the “Senior Convertible Notes”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ProSomnus, Inc. amended First Supplemental Indenture (the "Subordinated Supplemental Indenture") with Wilmington Trust, National Association (effective 2023-06-29).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- Wilmington Trust, National Association
- Effective
- 2023-06-29
Exact text from the filing
On June 29, 2023, the Company entered into the First Supplemental Indenture (the “Subordinated Supplemental Indenture”) to that certain Indenture, dated December 6, 2022, by and among the Company, ProSomnus Holdings, Inc. and ProSomnus Sleep Technologies, Inc., as guarantors, and Wilmington Trust, National Association, as trustee and collateral agent (as amended, the “Subordinated Indenture”), pursuant to which the Company issued its Subordinated Secured Convertible Notes due April 6, 2026.
View on SEC.gov
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