---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-018949"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2022-01-27T23:59:59+00:00"
generated_at: "2026-06-27T15:02:29.925026+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Root closes $300M term loan with BlackRock, issues warrants for 2% of diluted shares

## Summary
- Five-year $300M term loan at SOFR + 9%, secured by substantially all assets of Root and subsidiaries.
- Warrants issued to BlackRock for 2% of fully diluted shares at $9.00 per share, expiring upon loan maturity or full repayment.
- BlackRock receives board observation rights; loan matures January 27, 2027.
- Proceeds enhance liquidity and extend debt maturity; CEO cites long-term partnership and strategy execution.

## SEC filing metadata
- accession: 0001193125-22-018949
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2022-01-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000119312522018949/0001193125-22-018949-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000119312522018949/d295910d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-018949
- JSON: https://secwatch.observer/filing/0001193125-22-018949.json
- Plain text: https://secwatch.observer/filing/0001193125-22-018949.txt

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