secwatch.observer — SEC 8-K summary
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Issuer:     Alpha Teknova, Inc. (TKNO)
CIK:        0001850902
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001193125-22-146645
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpha Teknova expands credit facility to $57.135M via amended MidCap term loan and revolver
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- New $57.135M facility comprises $52.135M senior secured term loan and $5M revolver (up from $27M).
- Term loan funded in stages: $5.135M immediately, $5M on Oct 31 2022, plus additional tranches through Jan 2024 subject to revenue and liquidity milestones.
- Interest on term loan at one-month LIBOR + 6.45% (1% floor); revolver at LIBOR + 3.75% (1% floor); maturity May 1, 2027.
- Facility restricts dividends and distributions; contains a trailing 12-month revenue covenant of $42.5M by Dec 31, 2022.
- Exit fee of $0.6M (5% of original $12M draw) due at maturity; prepayment penalties of 3%-1% apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850902/000119312522146645/0001193125-22-146645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850902/000119312522146645/d289505d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-146645

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