{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-012348","form_type":"8-K","ticker":"HRMY","cik":"0001802665","company_name":"Harmony Biosciences Holdings, Inc.","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.305069+00:00","generated_at":"2026-06-13T00:47:02.618327+00:00","sec_items":["1.01","1.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Harmony Bio refinances with $185M term loan, repays $196.5M debt, saves ~$6M/year interest","bullets":["New $185M senior secured term loan from JPMorgan-led syndicate, matures July 26, 2028.","Proceeds plus cash used to fully repay $196.5M existing Blackstone loan; paid 2% prepayment premium.","Annual interest expense reduction of approximately $6 million from lower cost of capital.","Quarterly principal payments: $3.5M starting Dec 31, 2023, stepping to $4.6M after Dec 31, 2025.","Loan priced at SOFR plus 0.10% credit spread plus 3.50%-4.00% margin (or base rate plus 2.50%-3.00%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-012348","json":"https://secwatch.observer/filing/0001558370-23-012348.json","markdown":"https://secwatch.observer/filing/0001558370-23-012348.md","text":"https://secwatch.observer/filing/0001558370-23-012348.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802665/000155837023012348/0001558370-23-012348-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802665/000155837023012348/hrmy-20230726x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T00:47:02.618327+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":"258ed8c9862991a006048a97eef59dcf916e4f43","claim":"Harmony Biosciences Holdings, Inc. entered into New Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders valued at $185.0 million (effective 2023-07-26).","evidence_excerpt":"On July 26, 2023 (the “Closing Date”), Harmony Biosciences Holdings, Inc. (the “Company”) entered into a Credit Agreement (the “New Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders. The New Credit Agreement provides for a five-year senior secured term loan (the “Loan”) in an aggregate principal amount of $185.0 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802665/000155837023012348/0001558370-23-012348-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders"},{"label":"Value","value":"$185.0 million"},{"label":"Effective","value":"2023-07-26"}],"fact_type":"material_agreement"},{"claim_id":"faf66d390ab8769ee03dca9853bd9ce898f8006f","claim":"Harmony Biosciences Holdings, Inc. terminated Blackstone Loan with Blackstone Alternative Credit Advisors LP and the other lenders party thereto from time to time and Wilmington Trust, National Association, as administrative agent valued at $200 million (effective 2023-07-26).","evidence_excerpt":"On July 26, 2023, upon entry into the New Credit Agreement described in Item 1.01 above, together with cash on hand, the Blackstone Loan was repaid in full, and all commitments thereunder were terminated.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802665/000155837023012348/0001558370-23-012348-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Blackstone Alternative Credit Advisors LP and the other lenders party thereto from time to time and Wilmington Trust, National Association, as administrative agent"},{"label":"Value","value":"$200 million"},{"label":"Effective","value":"2023-07-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}