Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SURGALIGN HOLDINGS, INC. faced acceleration on loan of $5,122,000 with Dearborn Capital Management, LLC.
- Instrument
- loan
- Principal
- $5,122,000
- Counterparty
- Dearborn Capital Management, LLC
- Event
- acceleration
Exact text from the filing
The filing of the Chapter 11 Cases constitutes an event of default under the following instruments (the "Debt Instruments"): • Seller Note Agreement, dated as of December 30, 2021, by and between the Company and Dearborn Capital Management, LLC, of which $5,122,000 in aggregate principal amount remains outstanding.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SURGALIGN HOLDINGS, INC. faced acceleration on loan of $5,122,000 with Neva, LLC.
- Instrument
- loan
- Principal
- $5,122,000
- Counterparty
- Neva, LLC
- Event
- acceleration
Exact text from the filing
Seller Note Agreement, dated as of December 30, 2021, by and between the Company and Neva, LLC, of which $5,122,000 in aggregate principal amount remains outstanding.
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Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
SURGALIGN HOLDINGS, INC. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2023-06-19).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the Southern District of Texas
- Petition
- 2023-06-19
Exact text from the filing
On June 19, 2023 (the “Petition Date”), Surgalign Holdings, Inc. (the “Company”) and certain of its direct and indirect subsidiaries (collectively, the “Debtors”), commenced voluntary proceedings under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”).
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