secwatch / observer
8-K filed January 8, 2024, 6:59 PM ET ticker IRTC CIK 0001388658
other material confidence high sentiment positive materiality 0.80

iRhythm closes $150M Braidwell loan, Q4 registrations +22%, guides FY2024 rev ~$580M

iRhythm Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

iRhythm Holdings, Inc. entered into Credit Agreement with Braidwell Transaction Holdings LLC – Series 5 valued at $150.0 million (effective 2024-01-03).

Action
entry
Agreement
credit facility
Counterparty
Braidwell Transaction Holdings LLC – Series 5
Value
$150.0 million
Effective
2024-01-03
Exact text from the filing
On January 3, 2024 (the “Closing Date”), iRhythm Technologies, Inc. (the “Company”) entered into a Credit, Security and Guaranty Agreement (the “Credit Agreement”) with Braidwell Transaction Holdings LLC – Series 5 (“Braidwell”), as lender, and Wilmington Trust, National Association, as administrative and collateral agent, which provides for a senior secured delayed draw term loan facility in an aggregate principal amount of up to $150.0 million (the “Braidwell Term Loan Facility”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

iRhythm Holdings, Inc. terminated Third Amended and Restated Loan and Security Agreement with Silicon Valley Bank (effective 2024-01-03).

Action
termination
Agreement
credit facility
Counterparty
Silicon Valley Bank
Effective
2024-01-03
Exact text from the filing
In connection with the entry into the Credit Agreement, the Company’s Third Amended and Restated Loan and Security Agreement, dated as of October 23, 2018 (as amended, the “SVB Loan and Security Agreement”), with Silicon Valley Bank, a Division of First-Citizens Bank & Trust Company (“SVB”) was terminated, effective as of the Closing Date
View on SEC.gov

Browse all material agreements →

iRhythm Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001388658-24-000006
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.