---
schema_version: "secwatch.filing_event.v1"
accession: "0001638833-23-000102"
form_type: "8-K"
ticker: "SGRY"
cik: "0001638833"
company_name: "Surgery Partners, Inc."
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T17:07:50.034020+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Surgery Partners subsidiary receives commitments for $1.4B new term loan; refinances 2026 debt

## Summary
- New $1.4B senior secured term loan at SOFR+3.50%, maturing 7 years after closing.
- Also expects $703.75M revolving credit facility (refinanced and increased), maturing 5 years after closing.
- Proceeds to repay existing term loan due 2026 and fund transaction fees & expenses.
- CFO cites more favorable terms, extended maturity, lower interest costs, and increased liquidity.
- Closing expected in December 2023, subject to customary conditions.

## SEC filing metadata
- accession: 0001638833-23-000102
- form_type: 8-K
- ticker: SGRY
- cik: 0001638833
- company_name: Surgery Partners, Inc.
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1638833/000163883323000102/0001638833-23-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1638833/000163883323000102/sgry-20231206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001638833-23-000102
- JSON: https://secwatch.observer/filing/0001638833-23-000102.json
- Plain text: https://secwatch.observer/filing/0001638833-23-000102.txt

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