secwatch.observer — SEC 8-K summary
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Issuer:     ORTHOPEDIATRICS CORP (KIDS)
CIK:        0001425450
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001104659-24-088333
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425450/000110465924088333/0001104659-24-088333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425450/000110465924088333/tm2421268d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-088333

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer