---
schema_version: "secwatch.filing_event.v1"
accession: "0001688757-24-000015"
form_type: "8-K"
ticker: "ESTA"
cik: "0001688757"
company_name: "ESTABLISHMENT LABS HOLDINGS INC."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:39:00.169928+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Establishment Labs amends credit agreement; extends Tranche C/D deadlines, raises rate to 10%

## Summary
- Commitment termination dates extended: Tranche C to Dec 31, 2024 (from Mar 31, 2024); Tranche D to Jun 30, 2025 (from Dec 31, 2024).
- Interest rate on Tranche C and D loans increased from 9.0% to 10.0% per annum.
- Tranche C funding now conditional on FDA approval of Motiva Implants for U.S. augmentation; $185M sales alternative removed.
- Tranche D milestone reduced to $195M trailing sales (from $225M); funding of Tranche C is a prerequisite.
- Prepayment premium revised: make-whole plus 4% for any prepayment within one year after advance.

## SEC filing metadata
- accession: 0001688757-24-000015
- form_type: 8-K
- ticker: ESTA
- cik: 0001688757
- company_name: ESTABLISHMENT LABS HOLDINGS INC.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1688757/000168875724000015/0001688757-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1688757/000168875724000015/esta-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001688757-24-000015
- JSON: https://secwatch.observer/filing/0001688757-24-000015.json
- Plain text: https://secwatch.observer/filing/0001688757-24-000015.txt

## Key facts
- Material Agreements
  ESTABLISHMENT LABS HOLDINGS INC. amended Second Amendment to Credit Agreement and Guaranty with Oaktree Fund Administration, LLC, as administrative agent, and the other parties thereto (effective 2024-02-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Oaktree Fund Administration, LLC, as administrative agent, and the other parties thereto
  - Effective: 2024-02-21
  source text: On February 21, 2024, Establishment Labs Holdings Inc. (the “Company”) entered into a Second Amendment to Credit Agreement and Guaranty with Oaktree Fund Administration, LLC, as administrative agent, and the other parties thereto (the “Amendment”), which amends the terms of that certain Credit Agreement and Guaranty, dated as of April 26, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1688757/000168875724000015/0001688757-24-000015-index.htm

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