secwatch.observer — SEC 8-K summary
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Issuer:     SI-BONE, Inc. (SIBN)
CIK:        0001459839
Form:       8-K
Filed at:   2021-08-13T23:59:59+00:00
Accession:  0001459839-21-000056
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

SI-BONE enters $35M SVB term loan, repays $41.7M Solar Capital facility
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- $35M term loan from Silicon Valley Bank at greater of 5.75% or prime+2.5%; matures Aug 2025 or Aug 2026 if milestone met.
- Proceeds used to repay Solar Capital term loan; total payment $41.7M ($41M principal+final fee, $0.6M prepayment fees).
- Loan secured by substantially all assets except IP; includes affirmative/negative covenants and customary events of default.
- Monthly principal amortization starts Sep 2023; prepayment fee 1% if within 2 years, 0% after.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1459839/000145983921000056/0001459839-21-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1459839/000145983921000056/sibn-20210812.htm
  HTML page:      https://secwatch.observer/filing/0001459839-21-000056

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