{"schema_version":"secwatch.filing_event.v1","accession":"0001651308-25-000148","form_type":"8-K","ticker":"ONC","cik":"0001651308","company_name":"BeOne Medicines Ltd.","filed_at":"2025-11-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.047736+00:00","generated_at":"2026-05-16T18:28:19.902008+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BeOne Medicines secures $1B senior secured financing facilities with HSBC-led syndicate","bullets":["Facilities include $140M B1 revolver, $560M B2 term loan (USD), and ~$300M A term loan (RMB), totaling $1B.","B loan facilities mature 24 months from first draw; A loan matures 36 months. Interest margins: 2.40% (B loans), 0.65% (A loan).","Proceeds used for general corporate purposes including refinancing existing offshore indebtedness and working capital.","Covenants include minimum cash interest coverage 5.00x, net leverage ≤2.50x, minimum equity $2.7B, minimum cash $500M outside PRC.","Security includes pledges on equity interests and mortgage on New Jersey manufacturing/R&D facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001651308-25-000148","json":"https://secwatch.observer/filing/0001651308-25-000148.json","markdown":"https://secwatch.observer/filing/0001651308-25-000148.md","text":"https://secwatch.observer/filing/0001651308-25-000148.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1651308/000165130825000148/0001651308-25-000148-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1651308/000165130825000148/bgne-20251113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:28:19.902008+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"}