---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-000952"
form_type: "8-K"
ticker: "BBAI"
cik: "0001836981"
company_name: "BigBear.ai Holdings, Inc."
filed_at: "2026-01-02T23:59:59+00:00"
generated_at: "2026-05-16T11:49:40.016004+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BigBear.ai calls redemption of 2029 convertible notes; expects to eliminate ~$125M debt

## Summary
- Redemption date Jan. 16, 2026; all outstanding 6.00% Notes due 2029 called for redemption or conversion.
- Expects to reduce total note debt from ~$142M to ~$17M, eliminating ~$125M of debt.
- Approximately 38M shares of common stock to be issued; shares were previously reserved.
- ~$58M in principal already voluntarily converted by noteholders in 2025.
- Company expects no material cash outlay; preserves liquidity while strengthening balance sheet.

## SEC filing metadata
- accession: 0001193125-26-000952
- form_type: 8-K
- ticker: BBAI
- cik: 0001836981
- company_name: BigBear.ai Holdings, Inc.
- filed_at: 2026-01-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836981/000119312526000952/0001193125-26-000952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836981/000119312526000952/d26482d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-000952
- JSON: https://secwatch.observer/filing/0001193125-26-000952.json
- Plain text: https://secwatch.observer/filing/0001193125-26-000952.txt

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