secwatch.observer — SEC 8-K summary
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Issuer:     Health Catalyst, Inc. (HCAT)
CIK:        0001636422
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001636422-24-000107
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Health Catalyst enters $225M term loan with Silver Point; $125M drawn to refinance 2025 notes
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- Initial term loan of $125M funded July 16, 2024; proceeds to refinance convertible notes due 2025 and for working capital.
- Delayed draw facility of $100M (up to $40M within 6 months, $60M within 18 months) for acquisitions.
- Interest: SOFR loans at Term SOFR (floor 1%) + 6.50%; base rate loans at ABR (floor 2%) + 5.50%.
- Maturity July 16, 2029; quarterly amortization of 0.25% of original principal; prepayment premiums up to 3%+make-whole.
- Covenants include minimum liquidity and leverage ratios; collateral secured by substantially all assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636422/000163642224000107/0001636422-24-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636422/000163642224000107/hcat-20240716.htm
  HTML page:      https://secwatch.observer/filing/0001636422-24-000107

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer