secwatch.observer — SEC 8-K summary
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Issuer:     Alignment Healthcare, Inc. (ALHC)
CIK:        0001832466
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0001628280-24-028334
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Alignment Healthcare borrows $50M Delayed Draw Term Loan to enhance balance sheet
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- On June 14, 2024, Alignment Health borrowed $50M principal (net $49.5M) under its existing term loan agreement with Oxford Finance.
- The draw avoids losing access to the $50M tranche, which was set to expire June 30, 2024.
- Interest rate: 1-month SOFR (floor 1.00%) plus 6.50% margin.
- Proceeds used for general working capital and balance sheet flexibility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832466/000162828024028334/0001628280-24-028334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832466/000162828024028334/alhc-20240614.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-028334

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer