Veradigm Inc.: debt financing — Veradigm enters $100M senior secured term loan; $75M funded, $25M delayed draw

Veradigm Inc.

$75M initial term loan funded June 18, 2025; $25M delayed draw available until Dec 18, 2026; maturity June 18, 2030.
Loans bear interest at Adjusted Term SOFR + 7.50% or Base Rate + 6.50%; PIK interest allowed until June 30, 2027.
Proceeds used for repurchases of 0.875% convertible notes due 2027 and general corporate purposes.
Covenants: max first lien leverage ratio 3.0x, minimum liquidity $25M; no amortization; cross-default on debt >$20M.
Prepayment premiums: make-whole +3% through June 2026, then 3%, 1%, 0% declining to 0% after June 2028.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

Veradigm Inc. incurred loan of $100 million senior secured term loan credit facility (consisting of a $75 million initial term loan and a $25 million d with Wilmington Savings Fund Society, FSB and lenders at Base Rate or Adjusted Term SOFR Rate plus margin of 7.50% (Term Benchmark) or 6. maturing June 18, 2030.

Instrument: loan
Principal: $100 million senior secured term loan credit facility (consisting of a $75 million initial term loan and a $25 million d
Counterparty: Wilmington Savings Fund Society, FSB and lenders
Rate: Base Rate or Adjusted Term SOFR Rate plus margin of 7.50% (Term Benchmark) or 6.
Maturity: June 18, 2030
Event: incurrence

Exact text from the filing

initial term loan funded on June 18, 2025 and a $25 million delayed draw term loan facility available until December 18, 2026, each with a maturity date of June 18, 2030.

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Source: SEC EDGAR

accession 0001193125-25-143139

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