{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-010208","form_type":"8-K","ticker":"FBIO","cik":"0001429260","company_name":"Fortress Biotech, Inc.","filed_at":"2024-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.031636+00:00","generated_at":"2026-05-31T16:14:59.407031+00:00","sec_items":["1.01","1.02","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Fortress Biotech enters $50M Oaktree loan, repays prior $50M, extends maturity to 2027","bullets":["Borrowed $35M initially under new $50M senior secured credit agreement with Oaktree; eligible for additional $15M at lenders' discretion.","Interest rate of 3-month SOFR + 7.625% (2.50% floor, 5.75% cap); 30-month interest-only period, maturity July 25, 2027.","Repaid and terminated existing $50M loan due August 2025; issued warrants to purchase 506,390 shares at $2.0735 per share.","Covenants include minimum liquidity of $7M and Journey Medical minimum net sales of $50M trailing 12 months, tested quarterly.","Company cites potential for up to three regulatory approvals on NDAs/BLAs in next 12 months and possible fourth BLA filing in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-010208","json":"https://secwatch.observer/filing/0001558370-24-010208.json","markdown":"https://secwatch.observer/filing/0001558370-24-010208.md","text":"https://secwatch.observer/filing/0001558370-24-010208.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1429260/000155837024010208/0001558370-24-010208-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1429260/000155837024010208/fbio-20240725x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T16:14:59.407031+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}