---
schema_version: "secwatch.filing_event.v1"
accession: "0001371285-22-000088"
form_type: "8-K"
ticker: "TRUP"
cik: "0001371285"
company_name: "TRUPANION, INC."
filed_at: "2022-03-28T23:59:59+00:00"
generated_at: "2026-06-26T15:52:53.162118+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Trupanion enters $60M initial term loan, up to $90M additional debt facility with Piper Sandler

## Summary
- Initial term loan of $60.0 million funded on March 25, 2022, due March 25, 2027.
- Delayed draw term loans of up to $75.0 million available until September 25, 2023; revolving loans up to $15.0 million.
- Interest rates: ABR loans at base rate + 4.0%; SOFR loans at term SOFR + 5.0%.
- Loans secured by substantially all assets; proceeds for acquisitions, investments, and working capital.
- Covenants include minimum quarterly revenue and liquidity thresholds.

## SEC filing metadata
- accession: 0001371285-22-000088
- form_type: 8-K
- ticker: TRUP
- cik: 0001371285
- company_name: TRUPANION, INC.
- filed_at: 2022-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1371285/000137128522000088/0001371285-22-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1371285/000137128522000088/trup-20220325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001371285-22-000088
- JSON: https://secwatch.observer/filing/0001371285-22-000088.json
- Plain text: https://secwatch.observer/filing/0001371285-22-000088.txt

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