secwatch.observer — SEC 8-K summary
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Issuer:     ORTHOPEDIATRICS CORP (KIDS)
CIK:        0001425450
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001104659-26-038610
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OrthoPediatrics adds $20M delayed draw term loan facility via credit agreement amendment
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- Amendment creates $20M delayed draw term loan facility; draws allowed until June 30, 2027 in minimum $10M increments.
- Interest at SOFR + 6.50% (floor 3.25%); company may elect 1.00% PIK; interest-only until August 5, 2029 maturity.
- Company not required to draw; pays 1.00% upfront fee and 0.05% per annum ticking fee.
- Lenders are funds managed by Braidwell LP; Wilmington Trust National Association continues as agent.
- Facility supports disciplined liquidity management and flexible capital deployment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425450/000110465926038610/0001104659-26-038610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425450/000110465926038610/tm2610693d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-038610

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