---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-294856"
form_type: "8-K"
ticker: "VERI"
cik: "0001615165"
company_name: "Veritone, Inc."
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T12:50:47.765634+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Veritone closes $77.5M senior secured term loan, repurchases $50M of convertible notes at discount

## Summary
- Term loan of $77.5M fully drawn; interest at Term SOFR + 8.50% (3% floor), matures Dec 13, 2027.
- Repurchased $50M aggregate principal of 1.75% convertible notes due 2026 for $37.5M cash plus accrued interest.
- Issued warrants to lenders for up to 3,008,540 shares at $2.576/share, exercisable until Dec 12, 2028.
- Prior $50M ABL credit facility terminated with no amounts outstanding and no early termination penalty.
- Remaining $91.25M of convertible notes outstanding after repurchase.

## SEC filing metadata
- accession: 0001193125-23-294856
- form_type: 8-K
- ticker: VERI
- cik: 0001615165
- company_name: Veritone, Inc.
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/d591056d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-294856
- JSON: https://secwatch.observer/filing/0001193125-23-294856.json
- Plain text: https://secwatch.observer/filing/0001193125-23-294856.txt

## Key facts
- Debt Financings
  Veritone, Inc. incurred term loan of $77.5 million with Wilmington Savings Fund Society, FSB at Term SOFR plus 8.50% per annum, with a 3.00% floor for Term SOFR maturing December 13, 2027.
  - Instrument: term loan
  - Principal: $77.5 million
  - Counterparty: Wilmington Savings Fund Society, FSB
  - Rate: Term SOFR plus 8.50% per annum, with a 3.00% floor for Term SOFR
  - Maturity: December 13, 2027
  - Event: incurrence
  source text: The Credit Agreement provides for a $77.5 million senior secured term loan (the “Term Loan”), which was fully drawn by the Company on the Closing Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm
- Material Agreements
  Veritone, Inc. entered into Warrants with the Lenders (effective 2023-12-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: the Lenders
  - Effective: 2023-12-13
  source text: the Company issued warrants (the “Warrants”) to the Lenders (in such capacity, the “Warrant Holders”) to purchase up to 3,008,540 shares of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm
- Material Agreements
  Veritone, Inc. terminated Prior Credit Agreement with Alterna Capital Solutions, LLC (effective 2023-12-12).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Alterna Capital Solutions, LLC
  - Effective: 2023-12-12
  source text: the Ledgered ABL Agreement, dated August 8, 2023 (the “Prior Credit Agreement”), by and among the Company, certain of its subsidiaries and Alterna Capital Solutions, LLC, and the related Commercial Guarantee, dated August 8, 2023 were terminated
  evidence_url: https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm
- Material Agreements
  Veritone, Inc. entered into Credit and Guaranty Agreement with certain funds managed by Highbridge Capital Management, LLC and certain other lenders valued at $77.5 million (effective 2023-12-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: certain funds managed by Highbridge Capital Management, LLC and certain other lenders
  - Value: $77.5 million
  - Effective: 2023-12-13
  source text: the Company and certain of its subsidiaries, as guarantors, entered into a Credit and Guaranty Agreement (the “Credit Agreement”) with the Lenders and Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm
- Material Agreements
  Veritone, Inc. entered into Registration Rights Agreement with the Warrant Holders (effective 2023-12-13).
  - Action: entry
  - Counterparty: the Warrant Holders
  - Effective: 2023-12-13
  source text: the Company entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with the Warrant Holders, pursuant to which the Company agreed to register for resale the shares of Common Stock issuable upon the exercise of the Warrants
  evidence_url: https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm

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