{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-034132","form_type":"8-K","ticker":"ARDX","cik":"0001437402","company_name":"ARDELYX, INC.","filed_at":"2025-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.993514+00:00","generated_at":"2026-05-18T09:26:26.297218+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ardelyx draws $50M term loan, secures $100M additional capacity from SLR","bullets":["Immediate draw of $50.0M (Term E Loan) under Fifth Amendment to 2022 Loan Agreement.","Option to draw $100.0M in two $50.0M tranches (Term F & G), available through June 2026 and Dec 2026.","Term E interest: 4.00% + 1-month SOFR (floor 4.70%); Incremental loans: 4.95% + SOFR (floor 3.50%).","Term E and existing loans mature July 1, 2028; Incremental loans mature July 1, 2030; interest-only periods.","Company paid $250K funding fee on Term E and $1.0M facility fee on Incremental loan commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-034132","json":"https://secwatch.observer/filing/0001628280-25-034132.json","markdown":"https://secwatch.observer/filing/0001628280-25-034132.md","text":"https://secwatch.observer/filing/0001628280-25-034132.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437402/000162828025034132/0001628280-25-034132-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437402/000162828025034132/ardx-20250630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:26:26.297218+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"}