---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-088333"
form_type: "8-K"
ticker: "KIDS"
cik: "0001425450"
company_name: "ORTHOPEDIATRICS CORP"
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T09:59:59.917186+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OrthoPediatrics closes $25M term loan and $50M convertible notes issuance

## Summary
- $25M term loan from Braidwell LP funded on August 12, 2024.
- Issued $50M aggregate principal of 4.75% Convertible Senior Notes due Feb 15, 2030 to Braidwell.
- Initial conversion rate of 33.8294 shares per $1,000 principal, maximum 1,691,470 shares issuable.
- Notes issued under Section 4(a)(2) in a private placement; resale restricted to QIBs for 12 months.
- Transactions were previously announced on August 5, 2024; closing occurred on August 12, 2024.

## SEC filing metadata
- accession: 0001104659-24-088333
- form_type: 8-K
- ticker: KIDS
- cik: 0001425450
- company_name: ORTHOPEDIATRICS CORP
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425450/000110465924088333/0001104659-24-088333-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425450/000110465924088333/tm2421268d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-088333
- JSON: https://secwatch.observer/filing/0001104659-24-088333.json
- Plain text: https://secwatch.observer/filing/0001104659-24-088333.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.