{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-127412","form_type":"8-K","ticker":"SGRY","cik":"0001638833","company_name":"Surgery Partners, Inc.","filed_at":"2023-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.901871+00:00","generated_at":"2026-06-07T09:52:00.243075+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Surgery Partners enters $1.4B term loan and $703.75M revolver, refinances existing debt","bullets":["New $1.4B senior secured term loan due 2030 and $703.75M revolving credit facility due 2028.","Term loan bears interest at Term SOFR + 3.50%; revolving loans at Term SOFR + 3.25%.","Proceeds used to fully repay existing $1.4B term loan due 2026 and revolver, pay fees, and general corporate.","Term loan amortizes at 0.25% per quarter starting June 2024; mandatory prepayment triggers apply.","Facilities guaranteed by Holdings and domestic subsidiaries, secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-127412","json":"https://secwatch.observer/filing/0001104659-23-127412.json","markdown":"https://secwatch.observer/filing/0001104659-23-127412.md","text":"https://secwatch.observer/filing/0001104659-23-127412.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1638833/000110465923127412/0001104659-23-127412-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1638833/000110465923127412/tm2333274d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T09:52:00.243075+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":[{"claim_id":"96644d6c40427a6629d78d5a26051459d268296e","claim":"Surgery Partners, Inc. incurred revolving credit of $703.75 million with Jefferies Finance LLC at Term SOFR plus 3.25% per annum maturing December 19, 2028.","evidence_excerpt":"providing for a $1,400 million senior secured term loan (the “Term Loan”) and a $703.75 million revolving credit facility (the “Revolver”","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1638833/000110465923127412/0001104659-23-127412-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$703.75 million"},{"label":"Counterparty","value":"Jefferies Finance LLC"},{"label":"Rate","value":"Term SOFR plus 3.25% per annum"},{"label":"Maturity","value":"December 19, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f375451921fa2932f86a803529266ae3914ef457","claim":"Surgery Partners, Inc. incurred term loan of $1,400 million with Jefferies Finance LLC at Term SOFR plus 3.50% per annum maturing December 19, 2030.","evidence_excerpt":"r the “Company”), entered into a credit agreement with Jefferies Finance LLC, as administrative agent and collateral agent, and the other financial institutions party thereto from time to time (the “Credit Agreement”), providing for a $1,400 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1638833/000110465923127412/0001104659-23-127412-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1,400 million"},{"label":"Counterparty","value":"Jefferies Finance LLC"},{"label":"Rate","value":"Term SOFR plus 3.50% per annum"},{"label":"Maturity","value":"December 19, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a34aed413e025ba7f5672cd483f0a583cf600203","claim":"Surgery Partners, Inc. entered into Credit Agreement with Jefferies Finance LLC, as administrative agent and collateral agent, and the other financial institutions party thereto from time to time valued at $1,400 million senior secured term loan and a $703.75 million revolving credit facility (effective 2023-12-19).","evidence_excerpt":"entered into a credit agreement with Jefferies Finance LLC, as administrative agent and collateral agent, and the other financial institutions party thereto from time to time (the \"Credit Agreement\"), providing for a $1,400 million senior secured term loan (the \"Term Loan\") and a $703.75 million revolving credit facility","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1638833/000110465923127412/0001104659-23-127412-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Jefferies Finance LLC, as administrative agent and collateral agent, and the other financial institutions party thereto from time to time"},{"label":"Value","value":"$1,400 million senior secured term loan and a $703.75 million revolving credit facility"},{"label":"Effective","value":"2023-12-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}