secwatch.observer — SEC 8-K summary
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Issuer:     Xponential Fitness, Inc. (XPOF)
CIK:        0001802156
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001193125-23-004065
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xponential Fitness incurs $130M term loan to repurchase $130.8M preferred stock
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- Fourth amendment to credit agreement provides $130M incremental term loan.
- Proceeds fund repurchase of 42,241 Series A and 43,099 Series A-1 preferred shares for ~$130.8M plus $0.2M accrued dividends.
- After repurchase, 114,660 preferred shares (56,759 Series A, 57,901 Series A-1) remain outstanding.
- Closing expected on or about January 13, 2023, subject to customary conditions and debt closing.
- Quarterly principal payments on loans increased starting June 30, 2023, and prepayment premium amended for new term loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802156/000119312523004065/0001193125-23-004065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802156/000119312523004065/d448278d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-004065

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