{"schema_version":"secwatch.filing_event.v1","accession":"0001500435-25-000047","form_type":"8-K","ticker":"GPRO","cik":"0001500435","company_name":"GoPro, Inc.","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.136888+00:00","generated_at":"2026-05-17T21:25:37.621019+00:00","sec_items":["1.01","3.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"GoPro secures $50M second lien term loan from Farallon; issues warrants for 11M shares at $1.25","bullets":["$50M term loan from Farallon CM; proceeds repay $94M escrowed for Nov. 2025 convertible notes.","Loan at SOFR+7.50% or base+6.50%; matures Jan. 22, 2028; mandatory 25% excess cash flow prepayment.","Issued warrants for 11,076,968 shares of Class A common at $1.25/share, exercisable immediately, expires Aug. 4, 2035.","Financial covenants: liquidity ≥$40M (step-down to $30M), EBITDA minimums rising to $40M by Q4 2026, asset coverage ≥1.25x.","Amendment to Wells Fargo revolver grants first-priority IP lien; $9.9M outstanding under revolver."],"urls":{"canonical":"https://secwatch.observer/filing/0001500435-25-000047","json":"https://secwatch.observer/filing/0001500435-25-000047.json","markdown":"https://secwatch.observer/filing/0001500435-25-000047.md","text":"https://secwatch.observer/filing/0001500435-25-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1500435/000150043525000047/0001500435-25-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1500435/000150043525000047/gpro-20250804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:25:37.621019+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":"1fd85cc8a8a3d5218f6af77c131b854e18c6fd58","claim":"GoPro, Inc. incurred term loan of $50,000,000 with Mateo Financing, LLC, as lender at SOFR plus 7.50% maturing January 22, 2028.","evidence_excerpt":"as collateral agent (in such capacities, the “Second Lien Agent”), pursuant to which the Second Lien Lender would extend to GoPro a term loan in an aggregate principal amount of $50,000,000 (the “Term Loan”). The proceeds of the Term Loan borrowing will be used by GoPro to repay GoPro’s outstanding 1.25% Convertible Senior Notes due November 2025. The Term Loan will","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1500435/000150043525000047/0001500435-25-000047-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$50,000,000"},{"label":"Counterparty","value":"Mateo Financing, LLC, as lender"},{"label":"Rate","value":"SOFR plus 7.50%"},{"label":"Maturity","value":"January 22, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}