secwatch.observer — SEC 8-K summary
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Issuer:     TRUPANION, INC. (TRUP)
CIK:        0001371285
Form:       8-K
Filed at:   2022-03-28T23:59:59+00:00
Accession:  0001371285-22-000088
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1371285/000137128522000088/0001371285-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1371285/000137128522000088/trup-20220325.htm
  HTML page:      https://secwatch.observer/filing/0001371285-22-000088

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