Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Oscar Health, Inc. amended revolving credit of $115,000,000 total commitments with Wells Fargo Bank, National Association at adjusted term SOFR or alternative base rate plus applicable margin of 4.50% for maturing December 28, 2025.
- Instrument
- revolving credit
- Principal
- $115,000,000 total commitments
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- adjusted term SOFR or alternative base rate plus applicable margin of 4.50% for
- Maturity
- December 28, 2025
- Event
- amendment
Exact text from the filing
On December 28, 2023, Oscar Health, Inc. (the “Company”) entered into the Third Amendment to Credit Agreement (the “Third Amendment”) with Wells Fargo Bank, National Association, as administrative agent (in such capacity, the “Administrative Agent”), Oscar Management Corporation, as a subsidiary guarantor and the lenders party thereto, which amends the Credit Agreement, dated as of February 21, 2021 (as amended by the First Amendment to Credit Agreement, dated as of January 27, 2022, and as further amended by the Second Amendment to Credit Agreement, dated as of July 21, 2023, the “Credit Agreement” and as amended by the Third Amendment, the “Amended Credit Agreement”). The Third Amendment amended the Credit Agreement to, among other things: (i) extend the maturity date of the revolving loan facility (as amended by the Third Amendment, the “Revolving Loan Facility”) to December 28, 2025 and (ii) decrease the total commitments under the Revolving Loan Facility to $115,000,000.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Oscar Health, Inc. amended Third Amendment to Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, Oscar Management Corporation, as a subsidiary guarantor, and the lenders party thereto valued at $115,000,000 (effective 2023-12-28).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent, Oscar Management Corporation, as a subsidiary guarantor, and the lenders party thereto
- Value
- $115,000,000
- Effective
- 2023-12-28
Exact text from the filing
On December 28, 2023, Oscar Health, Inc. (the “Company”) entered into the Third Amendment to Credit Agreement (the “Third Amendment”) with Wells Fargo Bank, National Association, as administrative agent (in such capacity, the “Administrative Agent”), Oscar Management Corporation, as a subsidiary guarantor and the lenders party thereto, which amends the Credit Agreement, dated as of February 21, 2021 (as amended by the First Amendment to Credit Agreement, dated as of January 27, 2022, and as further amended by the Second Amendment to Credit Agreement, dated as of July 21, 2023, the “Credit Agreement” and as amended by the Third Amendment, the “Amended Credit Agreement”).
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