{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-085842","form_type":"8-K","ticker":"KIDS","cik":"0001425450","company_name":"ORTHOPEDIATRICS CORP","filed_at":"2024-08-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.019331+00:00","generated_at":"2026-05-31T13:03:01.629934+00:00","sec_items":["1.01","2.03","3.02","7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"OrthoPediatrics secures up to $100M from Braidwell: $25M term loan + $25M delayed draw + $50M convertible notes","bullets":["Term loan at SOFR + 6.50% (PIK option adds 1.00%), interest-only until August 2029 maturity.","Convertible notes: $50M at 4.75% interest, due Feb 2030, convertible at ~$40.98/share (30% premium to VWAP).","Proceeds used to repay ~$10M debt, pay ~$6.5M transaction fees, fund up to $5M stock repurchase, and general corporate purposes.","Post-closing pro forma cash, cash equivalents & restricted cash would be ~$90M (excluding delayed draw); financial covenants require 25% cash collateral and minimum net product sales.","Stock repurchase of up to $5M approved; represents ~169K shares (~0.7% of outstanding) at $29.56 close on Aug 2, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-085842","json":"https://secwatch.observer/filing/0001104659-24-085842.json","markdown":"https://secwatch.observer/filing/0001104659-24-085842.md","text":"https://secwatch.observer/filing/0001104659-24-085842.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1425450/000110465924085842/0001104659-24-085842-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1425450/000110465924085842/tm2420817d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T13:03:01.629934+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}