{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-035506","form_type":"8-K","ticker":"MDGL","cik":"0001157601","company_name":"MADRIGAL PHARMACEUTICALS, INC.","filed_at":"2025-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.451702+00:00","generated_at":"2026-05-18T04:07:54.954498+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Madrigal enters $500M credit facility with Blue Owl; $350M funded to repay debt and fund MASH pipeline","bullets":["$350M initial term loan funded at close; $150M delayed draw available through Dec 2027.","$121.6M used to repay existing Hercules Capital loan ($115M principal + fees), terminating that agreement.","Interest at base rate + 3.75% or Term SOFR + 4.75% (with 1% SOFR floor); maturity July 2030.","Uncommitted $250M incremental facility available by mutual consent for strategic expansion.","Covenant requires minimum $100M unrestricted cash at all times; secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-035506","json":"https://secwatch.observer/filing/0001628280-25-035506.json","markdown":"https://secwatch.observer/filing/0001628280-25-035506.md","text":"https://secwatch.observer/filing/0001628280-25-035506.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1157601/000162828025035506/0001628280-25-035506-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1157601/000162828025035506/mdgl-20250717.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T04:07:54.954498+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"}