---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-225159"
form_type: "8-K"
ticker: "OSW"
cik: "0001758488"
company_name: "ONESPAWORLD HOLDINGS Ltd"
filed_at: "2024-09-25T23:59:59+00:00"
generated_at: "2026-05-31T01:52:44.830413+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# OneSpaWorld closes $150M credit facilities with Bank of America, repays prior debt

## Summary
- Term loan of $100M fully drawn; $50M revolving facility undrawn at closing.
- Proceeds used to repay all outstanding indebtedness under prior First Lien Credit Agreement with Goldman Sachs.
- Facilities mature Sept 20, 2029; interest at Term SOFR + 1.90% (step-ups to 2.65% based on leverage).
- Financial covenants: max total leverage ratio 4.00:1.00 and min fixed charge coverage ratio 1.25:1.00.
- Quarterly amortization of 1.25% of original principal begins after Q2 2025.

## SEC filing metadata
- accession: 0001193125-24-225159
- form_type: 8-K
- ticker: OSW
- cik: 0001758488
- company_name: ONESPAWORLD HOLDINGS Ltd
- filed_at: 2024-09-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758488/000119312524225159/0001193125-24-225159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758488/000119312524225159/d816017d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-225159
- JSON: https://secwatch.observer/filing/0001193125-24-225159.json
- Plain text: https://secwatch.observer/filing/0001193125-24-225159.txt

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