secwatch.observer — SEC 8-K summary
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Issuer:     Veradigm Inc. (—)
CIK:        0001124804
Form:       8-K
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0001193125-25-143139
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veradigm enters $100M senior secured term loan; $75M funded, $25M delayed draw
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124804/000119312525143139/0001193125-25-143139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124804/000119312525143139/d21948d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-143139

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