{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-311947","form_type":"8-K","ticker":"SPCE","cik":"0001706946","company_name":"Virgin Galactic Holdings, Inc","filed_at":"2025-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.221108+00:00","generated_at":"2026-05-16T13:48:35.217760+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Virgin Galactic repurchases ~$355M in convertibles, issues $203M of 9.8% first lien notes due 2028","bullets":["Repurchasing ~$354.6M of 2.50% convertible notes due 2027; outstanding reduces from $425M to ~$70.4M.","Issuing ~$45.6M of common stock and pre-funded warrants in a registered direct offering.","Issuing ~$202.6M of 9.80% first lien notes due 2028, secured by substantially all assets.","Issuing purchase warrants for up to ~30.3M shares at 155% of stock purchase price, cash-only exercise.","Total indebtedness reduced from $425M to ~$273M; debt maturity extended to 2028 to align with Spaceline growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-311947","json":"https://secwatch.observer/filing/0001193125-25-311947.json","markdown":"https://secwatch.observer/filing/0001193125-25-311947.md","text":"https://secwatch.observer/filing/0001193125-25-311947.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706946/000119312525311947/0001193125-25-311947-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706946/000119312525311947/d80839d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:48:35.217760+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}