{"schema_version":"secwatch.filing_event.v1","accession":"0001299130-24-000189","form_type":"8-K","ticker":"PACB","cik":"0001299130","company_name":"PACIFIC BIOSCIENCES OF CALIFORNIA, INC.","filed_at":"2024-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.010932+00:00","generated_at":"2026-05-29T19:35:58.930232+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Pacific Biosciences exchanges $459M 2028 notes for $200M new notes, shares, and $50M cash","bullets":["Exchanged $459M of 1.50% 2028 notes for $200M new 1.50% notes due 2029, 20,451,570 shares, and $50M cash.","All $459M of the 2028 notes have been cancelled; no cash proceeds received by the company.","New notes mature August 15, 2029, convertible at ~$4.89/share, callable after Aug 2027 if stock >150% of conversion.","Side letter with SBN restricts new debt and liens; right of first refusal if going-concern doubt triggers up to $200M.","Covenants include no indebtedness maturing before 2029 (except permitted) and no guarantees without equal treatment of notes."],"urls":{"canonical":"https://secwatch.observer/filing/0001299130-24-000189","json":"https://secwatch.observer/filing/0001299130-24-000189.json","markdown":"https://secwatch.observer/filing/0001299130-24-000189.md","text":"https://secwatch.observer/filing/0001299130-24-000189.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1299130/000129913024000189/0001299130-24-000189-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1299130/000129913024000189/pacb-20241121.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T19:35:58.930232+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"}