---
schema_version: "secwatch.filing_event.v1"
accession: "0001388658-24-000006"
form_type: "8-K"
ticker: "IRTC"
cik: "0001388658"
company_name: "iRhythm Holdings, Inc."
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:07:46.571019+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Closed $150M Braidwell term loan (initial $75M funded, $75M delayed draw), interest margin 6.5-6.95%, matures Jan 2029, replaces SVB facility.
- Preliminary Q4 2023 patient registrations grew >22% YoY.
- Full year 2024 revenue guidance $575-585M, representing ~18-20% growth vs 2023 midpoint.
- Submitted 510(k) for Zio AT system changes; received CE mark under EU MDR for Zio Monitor and ZEUS.
- CAMELOT study in American Heart Journal shows higher clinical diagnostic yield and lower retesting odds with Zio LTCM.

## SEC filing metadata
- accession: 0001388658-24-000006
- form_type: 8-K
- ticker: IRTC
- cik: 0001388658
- company_name: iRhythm Holdings, Inc.
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1388658/000138865824000006/0001388658-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1388658/000138865824000006/irtc-20240103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001388658-24-000006
- JSON: https://secwatch.observer/filing/0001388658-24-000006.json
- Plain text: https://secwatch.observer/filing/0001388658-24-000006.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1388658/000138865824000006/0001388658-24-000006-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1388658/000138865824000006/0001388658-24-000006-index.htm

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