secwatch.observer — SEC 8-K summary
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Issuer:     Surgery Partners, Inc. (SGRY)
CIK:        0001638833
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001638833-23-000102
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1638833/000163883323000102/0001638833-23-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1638833/000163883323000102/sgry-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001638833-23-000102

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