---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-003545"
form_type: "8-K"
ticker: "OM"
cik: "0001484612"
company_name: "Outset Medical, Inc."
filed_at: "2025-01-08T23:59:59+00:00"
generated_at: "2026-05-28T06:31:37.668162+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Outset Medical secures $100M term loan, issues warrants and Series A Preferred in refinancing

## Summary
- Borrowed $100M initial term loan from Perceptive Credit Holdings; used proceeds to repay existing SLR credit facilities.
- Issued warrant to Perceptive to purchase 5.625M shares of common stock at $0.80, exercisable for 7 years.
- Issued 863,340 shares of Series A Non-Voting Convertible Preferred at $200/share, convertible into 250 common shares each after stockholder approval.
- Series A Preferred accrues dividends at 8% annual rate, increasing 2% per year if stockholder approval not obtained within one year.
- Delayed draw term loan of up to $25M available; additional warrant for 1.40625M shares at future market price.

## SEC filing metadata
- accession: 0001193125-25-003545
- form_type: 8-K
- ticker: OM
- cik: 0001484612
- company_name: Outset Medical, Inc.
- filed_at: 2025-01-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1484612/000119312525003545/0001193125-25-003545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1484612/000119312525003545/d859629d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-003545
- JSON: https://secwatch.observer/filing/0001193125-25-003545.json
- Plain text: https://secwatch.observer/filing/0001193125-25-003545.txt

## Key facts
- Governance Changes
  Outset Medical, Inc.: Filed Certificate of Designation for Series A Non-Voting Convertible Preferred Stock, establishing rights, preferences, and limitations (effective 2025-01-07).
  - Change: charter amendment
  - Effective: 2025-01-07
  source text: On January 7, 2025, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of the Series A Non-Voting Convertible Preferred Stock with the Secretary of State of the State of Delaware (the "Certificate of Designations") in connection with the Private Placement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1484612/000119312525003545/0001193125-25-003545-index.htm

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