---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-274584"
form_type: "8-K"
ticker: "KORE"
cik: "0001855457"
company_name: "KORE Group Holdings, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:42:44.904857+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# KORE reports Q3 revenue growth, refinances with $185M term loan and $150M preferred investment from Searchlight

## Summary
- Q3 revenue $68.6M, up from $66.1M YoY; IoT Connectivity revenue grew 27%, organic high single digits.
- New $185M term loan from Whitehorse Capital at SOFR+650bps; first lien leverage reduced to 3.2x TTM EBITDA from 5.2x.
- $150M preferred stock investment from Searchlight affiliate with 13% PIK dividend; total leverage reduced to 5.3x from 7.3x.
- Issued 10-year penny warrants to purchase 11.8M shares of common stock to Searchlight.

## SEC filing metadata
- accession: 0001193125-23-274584
- form_type: 8-K
- ticker: KORE
- cik: 0001855457
- company_name: KORE Group Holdings, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.02, 2.03, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855457/000119312523274584/0001193125-23-274584-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855457/000119312523274584/d318950d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-274584
- JSON: https://secwatch.observer/filing/0001193125-23-274584.json
- Plain text: https://secwatch.observer/filing/0001193125-23-274584.txt

## Key facts
- Earnings Releases
  KORE Group Holdings, Inc. reported the quarter ended September 30, 2023 results: revenue $68.6 million.
  - Period: the quarter ended September 30, 2023
  - Revenue: $68.6 million
  - Result: reported results
  source text: total revenue of $68.6 million versus $66.1 million in the third quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855457/000119312523274584/0001193125-23-274584-index.htm
- Material Agreements
  KORE Group Holdings, Inc. entered into Investment Agreement with Searchlight IV KOR, L.P. valued at $150,000,000 (effective 2023-11-09).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Searchlight IV KOR, L.P.
  - Value: $150,000,000
  - Effective: 2023-11-09
  source text: On November 9, 2023, KORE Group Holdings, Inc., a Delaware corporation (“ KORE ”), entered into an Investment Agreement (the “ Investment Agreement ”) with Searchlight IV KOR, L.P., a Delaware limited partnership affiliated with Searchlight Capital Partners, L.P. (the “ Purchaser ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855457/000119312523274584/0001193125-23-274584-index.htm

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