secwatch.observer — SEC 8-K summary
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Issuer:     ORTHOPEDIATRICS CORP (KIDS)
CIK:        0001425450
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001104659-24-000146
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OrthoPediatrics enters $80M credit facility with MidCap; $10M term loan drawn
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- Term loan facility up to $30M (three $10M tranches); first tranche of $10M funded at closing.
- Revolving loan facility up to $50M; total facility size $80M.
- Term loan interest: greater of 1M Term SOFR+6.5% or 9.0%; revolver: greater of SOFR+4.0% or 6.5%.
- Maturity Dec 1, 2028; replaces Squadron $50M facility with no outstanding balance; secured by assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425450/000110465924000146/0001104659-24-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425450/000110465924000146/tm2333951d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-000146

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