secwatch.observer — SEC 8-K summary
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Issuer:     Surgery Partners, Inc. (SGRY)
CIK:        0001638833
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001104659-23-127412
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Surgery Partners enters $1.4B term loan and $703.75M revolver, refinances existing debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1638833/000110465923127412/0001104659-23-127412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1638833/000110465923127412/tm2333274d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-127412

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