---
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"
generated_at: "2026-06-03T19:56:22.185184+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sanara MedTech enters $55M non-dilutive term loan with CRG; repays $9.8M existing debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015133
- JSON: https://secwatch.observer/filing/0001493152-24-015133.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015133.txt

## Key facts
- Debt Financings
  Sanara MedTech Inc. incurred term loan of up to $55.0 million with CRG Servicing LLC at 13.25% maturing March 30, 2029.
  - Instrument: term loan
  - Principal: up to $55.0 million
  - Counterparty: CRG Servicing LLC
  - Rate: 13.25%
  - Maturity: March 30, 2029
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/714256/000149315224015133/0001493152-24-015133-index.htm
- Material Agreements
  Sanara MedTech Inc. entered into Loan Agreement with CRG Servicing LLC valued at up to $55.0 million (effective 2024-04-17).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: CRG Servicing LLC
  - Value: up to $55.0 million
  - Effective: 2024-04-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/714256/000149315224015133/0001493152-24-015133-index.htm

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