secwatch / observer
8-K filed August 7, 2023, 7:59 PM ET CIK 0001671284
other material confidence high sentiment negative materiality 0.85

NeueHealth, Inc.: debt financing — Bright Health secures $60M NEA credit facility at 15%, permanent waiver of default, warrants up to 1.66M shares at $0.01

NeueHealth, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NeueHealth, Inc. incurred term loan of $60.0 million with NEA 18 Venture Growth Equity, L.P. at 15.00% maturing December 31, 2025.

Instrument
term loan
Principal
$60.0 million
Counterparty
NEA 18 Venture Growth Equity, L.P.
Rate
15.00%
Maturity
December 31, 2025
Event
incurrence
Exact text from the filing
to provide for a credit facility pursuant to which, among other things, the lenders have provided $60.0 million delayed draw term loan commitments.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NeueHealth, Inc. entered into Credit Agreement with NEA 18 Venture Growth Equity, L.P. valued at $60.0 million (effective 2023-08-04).

Action
entry
Agreement
credit facility
Counterparty
NEA 18 Venture Growth Equity, L.P.
Value
$60.0 million
Effective
2023-08-04
Exact text from the filing
On August 4, 2023, Bright Health Group, Inc. (the “Company”) entered into a Credit Agreement (as amended, supplemented, restated or otherwise modified from time to time, the “New Credit Agreement”), among the Company, NEA 18 Venture Growth Equity, L.P. ("NEA") and the lenders from time to time party thereto (together with NEA and each of their respective successors and assigns, the “Lenders”), to provide for a credit facility pursuant to which, among other things, the lenders have provided $60.0 million delayed draw term loan commitments.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NeueHealth, Inc. amended third amended and restated limited waiver and consent with JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-08-04).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Effective
2023-08-04
Exact text from the filing
On August 4, 2023, the Company entered into a third amended and restated limited waiver and consent (the “New Waiver”) under the Credit Agreement, dated as of March 1, 2021 (as amended by Amendment No. 1 dated as of August 2, 2021, Amendment No. 2 dated as of November 20, 2021, Amendment No. 3 dated as of November 8, 2022, Amendment No. 4 dated as of June 23, 2023 and as further amended, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”), by and among the Company, JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and the lenders party thereto.
View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR
accession 0001671284-23-000032
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.