---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-040154"
form_type: "8-K"
ticker: "OWLT"
cik: "0001816708"
company_name: "Owlet, Inc."
filed_at: "2024-09-11T23:59:59+00:00"
generated_at: "2026-05-31T05:28:44.377304+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Owlet refinances SVB debt, enters new $15M ABL revolver and $15M WTI loan facility

## Summary
- Enters $15M asset-based revolving credit facility (increases to $20M after 1 yr); SOFR +7.5%-8.5%, matures Sept 2027.
- Enters $15M WTI term loan facility: $10M first tranche, $5M second tranche conditional on revenue/burn metrics; Prime+3.5% (floor 12%) plus 2.5% PIK.
- Issues 750,000 shares of common stock to WTI as partial consideration; put option at $8.40/share after 5 years.
- Uses existing cash to repay and extinguish all outstanding SVB line of credit and term loan borrowings.
- Initiates $7.5M draw under WTI facility, subject to funding conditions.

## SEC filing metadata
- accession: 0001628280-24-040154
- form_type: 8-K
- ticker: OWLT
- cik: 0001816708
- company_name: Owlet, Inc.
- filed_at: 2024-09-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816708/000162828024040154/0001628280-24-040154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816708/000162828024040154/owlt-20240911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-040154
- JSON: https://secwatch.observer/filing/0001628280-24-040154.json
- Plain text: https://secwatch.observer/filing/0001628280-24-040154.txt

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