---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-203549"
form_type: "8-K"
ticker: "OSCR"
cik: "0001568651"
company_name: "Oscar Health, Inc."
filed_at: "2025-09-15T23:59:59+00:00"
generated_at: "2026-05-17T06:37:28.559082+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oscar Health proposes $350M convertible notes due 2030; to fund AI, growth initiatives

## Summary
- $350M principal amount of convertible senior subordinated notes due 2030; underwriters option for additional $52.5M.
- Net proceeds for general corporate purposes, including AI initiatives, lowering cost of care, and potential extension of enhanced premium tax credits.
- Notes subordinated to senior debt; interest rate and conversion price set at pricing; redeemable after Sep 2028 if stock exceeds 130% conversion price.
- Expects to enter capped call transactions to offset dilution upon conversion; counterparties may hedge affecting stock price.
- Plans to terminate revolving credit facility with Wells Fargo upon closing of the offering; amendment with Dragoneer permits offering.

## SEC filing metadata
- accession: 0001193125-25-203549
- form_type: 8-K
- ticker: OSCR
- cik: 0001568651
- company_name: Oscar Health, Inc.
- filed_at: 2025-09-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568651/000119312525203549/0001193125-25-203549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568651/000119312525203549/d944718d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-203549
- JSON: https://secwatch.observer/filing/0001193125-25-203549.json
- Plain text: https://secwatch.observer/filing/0001193125-25-203549.txt

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