secwatch.observer — SEC 8-K summary
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Issuer:     ARDELYX, INC. (ARDX)
CIK:        0001437402
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0001628280-25-034132
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437402/000162828025034132/0001628280-25-034132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437402/000162828025034132/ardx-20250630.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-034132

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