---
schema_version: "secwatch.filing_event.v1"
accession: "0001671284-23-000052"
form_type: "8-K"
ticker: null
cik: "0001671284"
company_name: "NeueHealth, Inc."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:02:20.172983+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Bright Health Group adds $6.4M term loan commitment from CalSTRS; warrants at $0.01 strike

## Summary
- Incremental Amendment No. 1 adds $6.4M term loan commitment from California State Teachers' Retirement System to existing credit agreement.
- Warrants to purchase common shares at $0.01/share issued to CalSTRS; exercisable until August 29, 2028.
- The $6.4M commitment is proportional to CalSTRS's investment in Bright Health's Series B Convertible Perpetual Preferred Stock from October 2022.
- Existing lender NEA 18 retains $10M commitment; total commitments after amendment are $16.4M.

## SEC filing metadata
- accession: 0001671284-23-000052
- form_type: 8-K
- cik: 0001671284
- company_name: NeueHealth, Inc.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1671284/000167128423000052/0001671284-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1671284/000167128423000052/bhg-20231002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001671284-23-000052
- JSON: https://secwatch.observer/filing/0001671284-23-000052.json
- Plain text: https://secwatch.observer/filing/0001671284-23-000052.txt

## Key facts
- Debt Financings
  NeueHealth, Inc. incurred term loan of $6.4 million with California State Teachers’ Retirement System.
  - Instrument: term loan
  - Principal: $6.4 million
  - Counterparty: California State Teachers’ Retirement System
  - Event: incurrence
  source text: Existing Lender (as amended by Incremental Amendment No. 1, the “Amended Credit Agreement”) to provide for a term loan commitment increase in an aggregate principal amount of $6.4 million (the “Commitment Increase”) by the New Lender under the Amended Credit Agreement. Loans under the Commitment Increase will have the same terms as loans under the original term
  evidence_url: https://www.sec.gov/Archives/edgar/data/1671284/000167128423000052/0001671284-23-000052-index.htm
- Material Agreements
  NeueHealth, Inc. entered into Warrantholders Agreement with California State Teachers' Retirement System valued at Rights and obligations regarding warrants for common stock, exercise price $0.01 per share, exercisa (effective 2023-10-02).
  - Action: entry
  - Counterparty: California State Teachers' Retirement System
  - Value: Rights and obligations regarding warrants for common stock, exercise price $0.01 per share, exercisa
  - Effective: 2023-10-02
  source text: On October 2, 2023, the Company and the New Lender entered into a warrantholders agreement (the “Warrantholders Agreement”) setting forth the rights and obligations of the Company and the New Lender as a holder (in such capacity, the “New Holder”) of the warrants to acquire shares of Common Stock at an exercise price of $0.01 per share (the “Warrants”), and providing for the issuance of the Warrants, as described below.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1671284/000167128423000052/0001671284-23-000052-index.htm
- Material Agreements
  NeueHealth, Inc. amended Incremental Amendment No. 1 to Credit Agreement with NEA 18 Venture Growth Equity, L.P. as existing lender, and California State Teachers' Retirement System as new lender valued at $6.4 million term loan commitment increase (effective 2023-10-02).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: NEA 18 Venture Growth Equity, L.P. as existing lender, and California State Teachers' Retirement System as new lender
  - Value: $6.4 million term loan commitment increase
  - Effective: 2023-10-02
  source text: On October 2, 2023, Bright Health Group, Inc. (the “Company”), NEA 18 Venture Growth Equity, L.P., as the existing lender (the “Existing Lender”), and California State Teachers’ Retirement System, as an incremental lender (the “New Lender”), entered into Incremental Amendment No. 1 (“Incremental Amendment No. 1”) to the Credit Agreement, dated as of August 4, 2023, between the Company and the Existing Lender (as amended by Incremental Amendment No. 1, the “Amended Credit Agreement”) to provide for a term loan commitment increase in an aggregate principal amount of $6.4 million (the “Commitment Increase”) by the New Lender under the Amended Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1671284/000167128423000052/0001671284-23-000052-index.htm

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