secwatch.observer — SEC 8-K summary
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Issuer:     Strata Critical Medical, Inc. (SRTA)
CIK:        0001779128
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001104659-26-010689
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strata Critical Medical secures $30M ABL credit facility from JPMorgan for acquisitions
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- Entered Credit Agreement for up to $30M revolving ABL facility, expandable to $50M subject to conditions.
- Facility is undrawn at close; proceeds to be used for working capital and future tuck-in acquisitions.
- Owned aircraft excluded from collateral, preserving future financing optionality.
- Maturity date January 30, 2029; interest at SOFR plus 2.00% margin.
- Springing financial covenant: minimum Fixed Charge Coverage Ratio of 1.05x when availability < greater of $5M or 20% of commitments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779128/000110465926010689/0001104659-26-010689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779128/000110465926010689/tm265039d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-010689

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