Senseonics Holdings, Inc. (SENS): debt financing — Senseonics to take Eversense commercialization in-house, expands debt to $100M

Senseonics Holdings, Inc.

MOU with Ascensia to transfer global Eversense commercialization to Senseonics by Jan 1, 2026; assets bought at book value.
Brian Hansen, Ascensia's CGM President, named Senseonics CCO effective Jan 1, 2026.
Amended Hercules loan facility increased to $100M total; $35M funded immediately at WSJ prime + 2.40% (floor 9.90%).
FY 2025 revenue outlook reaffirmed at $34-38M; 2026 gross margin expected ~50%, scaling to >70%.
Existing warrants exercise price reduced to $0.4545; additional warrants issuable on future tranches.

item 1.01 item 2.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

Senseonics Holdings, Inc. amended credit facility of up to $100.0 million in senior secured term loans, consisting of (i) an initial term loan of $35.0 million, which was fu with Hercules Capital, Inc. at annual rate equal to the greater of (i) the prime rate as reported in The Wall S maturing September 3, 2029.

Instrument: credit facility
Principal: up to $100.0 million in senior secured term loans, consisting of (i) an initial term loan of $35.0 million, which was fu
Counterparty: Hercules Capital, Inc.
Rate: annual rate equal to the greater of (i) the prime rate as reported in The Wall S
Maturity: September 3, 2029
Event: amendment

Exact text from the filing

among the Company, Senseonics Inc., certain of the Lenders and the Agent. Pursuant to the Amended Loan Agreement, the Lenders have agreed to make available to Senseonics up to $100.0 million in senior secured term loans, consisting of (i) an initial term loan of $35.0 million, which was funded on the Effective Date to refinance the outstanding term loans under the

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Source: SEC EDGAR

accession 0001104659-25-087170

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