{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-015133","form_type":"8-K","ticker":"SMTI","cik":"0000714256","company_name":"Sanara MedTech Inc.","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.743965+00:00","generated_at":"2026-06-03T19:56:22.185184+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sanara MedTech enters $55M non-dilutive term loan with CRG; repays $9.8M existing debt","bullets":["New $55M term loan with CRG Servicing LLC; $15M drawn at close, up to $40M available in two tranches before June 30, 2025.","Interest at 13.25% p.a. (8% cash, 5.25% PIK optional); maturity March 30, 2029.","Proceeds used to retire $9.8M Cadence Bank term loan; remaining for acquisitions, working capital.","Financial covenants: maintain liquidity >$3M; minimum annual revenue of $60M (2024), $75M (2025), $85M (2026), $95M (2027), $105M (2028+).","Prepayment premiums: 10% within 1 year, 5% between 1-2 years, none after 2 years; loan secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-015133","json":"https://secwatch.observer/filing/0001493152-24-015133.json","markdown":"https://secwatch.observer/filing/0001493152-24-015133.md","text":"https://secwatch.observer/filing/0001493152-24-015133.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714256/000149315224015133/0001493152-24-015133-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714256/000149315224015133/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T19:56:22.185184+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b98017f2e4b4bf93443c11f6703550fba1560d6a","claim":"Sanara MedTech Inc. incurred term loan of up to $55.0 million with CRG Servicing LLC at 13.25% maturing March 30, 2029.","evidence_excerpt":"On April 17, 2024 (the “Closing Date”), Sanara MedTech Inc. (the “Company”) entered into a Term Loan Agreement (the “Loan Agreement”), by and among the Company, as borrower, the subsidiary guarantors party thereto from time to time (collectively, the “Guarantors”), CRG Servicing LLC, as administrative agent and collateral agent (the “Agent”), and the lenders party thereto from time to time, providing for a senior secured term loan of up to $55.0 million (the “Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/714256/000149315224015133/0001493152-24-015133-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $55.0 million"},{"label":"Counterparty","value":"CRG Servicing LLC"},{"label":"Rate","value":"13.25%"},{"label":"Maturity","value":"March 30, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"bd9d937336af21c0d74cbc600331a94f77616604","claim":"Sanara MedTech Inc. entered into Loan Agreement with CRG Servicing LLC valued at up to $55.0 million (effective 2024-04-17).","evidence_excerpt":"Sanara MedTech Inc. (the “Company”) entered into a Term Loan Agreement (the “Loan Agreement”), by and among the Company, as borrower, the subsidiary guarantors party thereto from time to time (collectively, the “Guarantors”), CRG Servicing LLC, as administrative agent and collateral agent (the “Agent”), and the lenders party thereto from time to time, providing for a senior secured term loan of up to $55.0 million (the “Loan”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/714256/000149315224015133/0001493152-24-015133-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"CRG Servicing LLC"},{"label":"Value","value":"up to $55.0 million"},{"label":"Effective","value":"2024-04-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}