secwatch.observer — SEC 8-K summary
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Issuer:     TANDEM DIABETES CARE INC (TNDM)
CIK:        0001438133
Form:       8-K
Filed at:   2021-09-17T23:59:59+00:00
Accession:  0001438133-21-000172
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Tandem Diabetes signs lease for 181,949 sq ft in San Diego; total future rent ~$192M
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- Lease with Kilroy Realty for 181,949 sq ft at 12400 High Bluff Drive, San Diego, in two phases.
- Phase I (143,850 sq ft) expected possession Sept 2022; Phase II (38,099 sq ft) by May 2025.
- Initial monthly base rent ~$906k; increases by ~$255k after Phase II commences; annual 3% escalations.
- Initial term ~12 years 8 months; two five-year renewal options; right of first offer on 34,569 additional sq ft.
- Estimated future minimum lease payments total ~$192.13M through 2035.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438133/000143813321000172/0001438133-21-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438133/000143813321000172/tndm-20210915.htm
  HTML page:      https://secwatch.observer/filing/0001438133-21-000172

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