secwatch.observer — SEC 8-K summary
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Issuer:     Sight Sciences, Inc. (SGHT)
CIK:        0001531177
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001193125-24-012979
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sight Sciences closes $65M credit facility with Hercules Capital, draws $35M to refinance prior debt
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- $35M funded at closing from $65M total facility; used to repay $37.7M MidCap term loan.
- Interest at greater of 10.35% or prime+2.35%; exit fee 5.95% on drawn amounts; 54-month maturity.
- Interest-only period of 30 months, extendable to 36 upon performance milestones; warrants for 2% of loans.
- Covenants include minimum cash 85% of secured obligations and trailing revenue test; prepayment premiums up to 3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1531177/000119312524012979/0001193125-24-012979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1531177/000119312524012979/d715146d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-012979

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