{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-020262","form_type":"8-K","ticker":"BETR","cik":"0001835856","company_name":"Better Home & Finance Holding Co","filed_at":"2025-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.036337+00:00","generated_at":"2026-05-23T05:11:42.489088+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Better Home & Finance exchanges $533.9M of 1% convertible notes for $155M of 6% notes plus $110M cash","bullets":["Exchanged $533.9M of 1% convertible notes held by SB Northstar for $155M of 6% senior secured notes due 2028 and $110M cash.","New notes mature Dec 31, 2028, bear 6% interest payable semi-annually, with PIK toggle option.","Existing notes indenture discharged; side letter between SB Northstar and CEO Vishal Garg terminated.","New notes secured by substantially all assets of company and material domestic subsidiaries.","No cash proceeds to company; debt principal reduced by $378.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-020262","json":"https://secwatch.observer/filing/0001628280-25-020262.json","markdown":"https://secwatch.observer/filing/0001628280-25-020262.md","text":"https://secwatch.observer/filing/0001628280-25-020262.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1835856/000162828025020262/0001628280-25-020262-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1835856/000162828025020262/betr-20250428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T05:11:42.489088+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"}