---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-001911"
form_type: "8-K"
ticker: "OM"
cik: "0001484612"
company_name: "Outset Medical, Inc."
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T10:34:01.871624+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Outset Medical secures $168.8M equity private placement and $125M debt facility, reports $113M 2024 revenue

## Summary
- Private placement of 843,908 Series A convertible preferred shares at $200/share for ~$168.8M gross proceeds; insiders to invest additional $3.9M subject to shareholder approval.
- New $125M senior secured credit facility from Perceptive Advisors: $100M initial term loan plus up to $25M delayed draw, maturity 2030, SOFR+8% with 2-year PIK component.
- Proceeds used to repay in full ~$200M of existing credit facilities (maturing 2027) with SLR Investment and Gemino; expected to have ~$210M cash and $100M debt post-closing.
- Preliminary unaudited Q4 2024 revenue of $29M and FY 2024 revenue of $113M, ahead of prior guidance.
- Financing led by PFM Health Sciences and Perceptive Advisors; expected to close Jan 8, 2025, and fund operations through cashflow breakeven.

## SEC filing metadata
- accession: 0001193125-25-001911
- form_type: 8-K
- ticker: OM
- cik: 0001484612
- company_name: Outset Medical, Inc.
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.02, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1484612/000119312525001911/0001193125-25-001911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1484612/000119312525001911/d900977d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-001911
- JSON: https://secwatch.observer/filing/0001193125-25-001911.json
- Plain text: https://secwatch.observer/filing/0001193125-25-001911.txt

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