---
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"
generated_at: "2026-05-18T09:26:26.297218+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ardelyx draws $50M term loan, secures $100M additional capacity from SLR

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-034132
- JSON: https://secwatch.observer/filing/0001628280-25-034132.json
- Plain text: https://secwatch.observer/filing/0001628280-25-034132.txt

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