---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-026185"
form_type: "8-K"
ticker: "PRCT"
cik: "0001588978"
company_name: "PROCEPT BioRobotics Corp"
filed_at: "2022-10-11T23:59:59+00:00"
generated_at: "2026-06-23T04:23:56.657985+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PROCEPT BioRobotics closes $52M term loan with CIBC, repays $50M Oxford facility

## Summary
- Entered $52M senior secured term loan with CIBC; fully drawn on Oct 6, 2022.
- Interest rate is SOFR (1.5% floor) + 2.25%; interest-only for 36 months, then amortizing.
- Prepayment permitted without penalty; financial covenants apply if cash below $100M.
- Used loan plus cash to repay $50M Oxford facility (7.17% + LIBOR) and terminate it.
- Proceeds used for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0001628280-22-026185
- form_type: 8-K
- ticker: PRCT
- cik: 0001588978
- company_name: PROCEPT BioRobotics Corp
- filed_at: 2022-10-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1588978/000162828022026185/0001628280-22-026185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1588978/000162828022026185/prct-20221006.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-026185
- JSON: https://secwatch.observer/filing/0001628280-22-026185.json
- Plain text: https://secwatch.observer/filing/0001628280-22-026185.txt

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