---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-22-000641"
form_type: "8-K"
ticker: "SWKHL"
cik: "0001089907"
company_name: "SWK Holdings Corp"
filed_at: "2022-11-22T23:59:59+00:00"
generated_at: "2026-06-21T13:49:58.968916+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SWK Holdings expands credit facility to $35M, extends maturity to Sep 2025

## Summary
- Term Loan Commitment increased to $35.0 million; termination date extended to September 30, 2025.
- Accordion feature allows up to $15.0 million additional commitment, subject to conditions.
- Interest accrues at Adjusted Term SOFR Index plus 2.65% margin, with a 1.00% floor.
- Company paid ~$0.2 million in amendment and other fees, capitalized as deferred financing costs.
- Cadence Bank waived an existing default from share repurchases exceeding approved amounts by 31,588 shares and $648,752.

## SEC filing metadata
- accession: 0001552781-22-000641
- form_type: 8-K
- ticker: SWKHL
- cik: 0001089907
- company_name: SWK Holdings Corp
- filed_at: 2022-11-22T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1089907/000155278122000641/0001552781-22-000641-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1089907/000155278122000641/e22501_swkh.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-22-000641
- JSON: https://secwatch.observer/filing/0001552781-22-000641.json
- Plain text: https://secwatch.observer/filing/0001552781-22-000641.txt

## Key facts
- Debt Financings
  SWK Holdings Corp amended credit facility of $35.0 million with Cadence Bank, successor by merger to Cadence Bank, N.A., successor by merger to State Bank and Trust Company, as a lender and administrative agent at Adjusted Term SOFR Index, with a floor of 1.00 percent, plus a 2.65 percent marg maturing September 30, 2025.
  - Instrument: credit facility
  - Principal: $35.0 million
  - Counterparty: Cadence Bank, successor by merger to Cadence Bank, N.A., successor by merger to State Bank and Trust Company, as a lender and administrative agent
  - Rate: Adjusted Term SOFR Index, with a floor of 1.00 percent, plus a 2.65 percent marg
  - Maturity: September 30, 2025
  - Event: amendment
  source text: Pursuant to the Fifth Amendment, the Loan Agreement was amended to increase the Term Loan Commitment to $35.0 million and to extend the Loan Agreement Termination Date to September 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1089907/000155278122000641/0001552781-22-000641-index.htm
- Material Agreements
  SWK Holdings Corp amended Fifth Amendment with Cadence Bank valued at $35.0 million (effective 2022-11-16).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Cadence Bank
  - Value: $35.0 million
  - Effective: 2022-11-16
  source text: Pursuant to the Fifth Amendment, the Loan Agreement was amended to increase the Term Loan Commitment to $35.0 million and to extend the Loan Agreement Termination Date to September 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1089907/000155278122000641/0001552781-22-000641-index.htm

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