{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-059278","form_type":"8-K","ticker":null,"cik":"0001715768","company_name":"Transphorm, Inc.","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.226664+00:00","generated_at":"2026-06-05T03:52:19.396246+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Transphorm enters $35M delayed draw term loan from Renesas for pre-merger working capital","bullets":["Credit Agreement provides up to $35M delayed draw loan; tranches available through July 2025.","Loan bears interest at Term SOFR + 5.00% p.a.; no penalty for prepayment.","Obligations guaranteed by Transphorm Technology, Inc., secured by substantially all personal property.","Proceeds for working capital and general corporate purposes ahead of merger with Renesas subsidiary.","Mandatory prepayment triggered on merger termination or specified events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-059278","json":"https://secwatch.observer/filing/0001193125-24-059278.json","markdown":"https://secwatch.observer/filing/0001193125-24-059278.md","text":"https://secwatch.observer/filing/0001193125-24-059278.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1715768/000119312524059278/0001193125-24-059278-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1715768/000119312524059278/d809505d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T03:52:19.396246+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"457e995e2df857b2ae3d183a4728e5d653ce8f92","claim":"Transphorm, Inc. incurred term loan of $35.0 million delayed draw term loan facility with Renesas Electronics America Inc. at term SOFR for an interest period of 3 months plus 5.0% maturing the earliest to occur of (1) written demand from the Lender following the closing of the Merger, (2) if, on the date of the termination of the Merger Agreement.","evidence_excerpt":"On March 1, 2024, Transphorm, Inc. (the “ Company ”) entered into a Credit and Security Agreement (the “ Credit Agreement ”), among the Company, Transphorm Technology, Inc., as guarantor (the “ Guarantor ”), and Renesas Electronics America Inc., as lender (the “ Lender ”). The Credit Agreement provides for a $35.0 million delayed draw term loan facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1715768/000119312524059278/0001193125-24-059278-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$35.0 million delayed draw term loan facility"},{"label":"Counterparty","value":"Renesas Electronics America Inc."},{"label":"Rate","value":"term SOFR for an interest period of 3 months plus 5.0%"},{"label":"Maturity","value":"the earliest to occur of (1) written demand from the Lender following the closing of the Merger, (2) if, on the date of the termination of the Merger Agreement"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"04cec6c00d8747164fa6d60875ab772476b2693d","claim":"Transphorm, Inc. entered into Credit Agreement with Renesas Electronics America Inc. valued at $35.0 million (effective 2024-03-01).","evidence_excerpt":"On March 1, 2024, Transphorm, Inc. (the \" Company \") entered into a Credit and Security Agreement (the \" Credit Agreement \"), among the Company, Transphorm Technology, Inc., as guarantor (the \" Guarantor \"), and Renesas Electronics America Inc., as lender (the \" Lender \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1715768/000119312524059278/0001193125-24-059278-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Renesas Electronics America Inc."},{"label":"Value","value":"$35.0 million"},{"label":"Effective","value":"2024-03-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}