secwatch.observer — SEC 8-K summary
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Issuer:     Oscar Health, Inc. (OSCR)
CIK:        0001568651
Form:       8-K
Filed at:   2025-09-16T23:59:59+00:00
Accession:  0001193125-25-204231
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oscar Health prices $355M 2.25% convertible notes due 2030; uses proceeds for growth and AI
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- Upsized offering of $355M (from $350M); 2.25% interest, due September 1, 2030.
- Net proceeds ~$342.5M (or ~$395.8M if initial purchasers exercise $55M option).
- Initial conversion price $24.82/share, a 32.5% premium to $18.73 closing price.
- Capped call transactions with cap at $37.46/share (100% premium) to reduce dilution.
- Will terminate revolving credit facility contingent on closing of the offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568651/000119312525204231/0001193125-25-204231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568651/000119312525204231/d944721d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-204231

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer