{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-286239","form_type":"8-K","ticker":"BBAI","cik":"0001836981","company_name":"BigBear.ai Holdings, Inc.","filed_at":"2024-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.942016+00:00","generated_at":"2026-05-28T22:50:53.923829+00:00","sec_items":["1.01","1.02","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BigBear.ai exchanges $182.3M of 2026 convertible notes for new secured notes due 2029","bullets":["Exchanged ~$182.3M of 6% Convertible Senior Notes due 2026 for same principal of 6% Convertible Senior Secured Notes due 2029 plus $0.4M accrued interest.","New notes accrue 6.00% (cash) or 7.00% (PIK) annually; rate can rise to 9.00%/10.00% if liquidity condition not met.","Initial conversion price set at $3.5530 per share (281.4491 shares per $1,000 principal); settlement limited until NYSE stockholder approval obtained.","Existing $0 drawn senior secured revolving credit facility terminated concurrently with the exchange.","Notes are senior secured obligations with first-priority liens on substantially all assets; callable after Dec 27, 2025 under certain conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-286239","json":"https://secwatch.observer/filing/0001193125-24-286239.json","markdown":"https://secwatch.observer/filing/0001193125-24-286239.md","text":"https://secwatch.observer/filing/0001193125-24-286239.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1836981/000119312524286239/0001193125-24-286239-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1836981/000119312524286239/d897144d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T22:50:53.923829+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}