{"schema_version":"secwatch.filing_event.v1","accession":"0001688757-26-000033","form_type":"8-K","ticker":"ESTA","cik":"0001688757","company_name":"ESTABLISHMENT LABS HOLDINGS INC.","filed_at":"2026-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.736556+00:00","generated_at":"2026-05-15T00:59:14.360833+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Establishment Labs enters up to $300M credit facility with Oaktree; repays ~$259M existing debt","bullets":["Tranche E Term Loan of $265M drawn April 30, 2026; optional Tranche F up to $35M.","Maturity April 30, 2031; interest rate 8.75% p.a. with PIK option and step-ups.","~$259M used to repay Prior Credit Agreement (April 2022) and transaction costs.","Financial covenants: minimum liquidity $30M and minimum gross sales test; equity cure available.","Existing subsidiaries guarantee obligations; customary covenants on additional debt, liens, M&A."],"urls":{"canonical":"https://secwatch.observer/filing/0001688757-26-000033","json":"https://secwatch.observer/filing/0001688757-26-000033.json","markdown":"https://secwatch.observer/filing/0001688757-26-000033.md","text":"https://secwatch.observer/filing/0001688757-26-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1688757/000168875726000033/0001688757-26-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1688757/000168875726000033/esta-20260430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T00:59:14.360833+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":[{"claim_id":"1c30c953d62880d89410cdafc9a5aaeb01498eaf","claim":"ESTABLISHMENT LABS HOLDINGS INC. incurred term loan of an aggregate principal amount of up to $300,000,000 with Oaktree Fund Administration, LLC (as administrative agent) and the Lenders at 8.75% per annum maturing April 30, 2031.","evidence_excerpt":"On April 30, 2026 (the “Closing Date”), Establishment Labs Holdings Inc. (the “Company”) entered into an Amended Credit Agreement and Guaranty (the “Credit Agreement”) together with certain of its subsidiaries party thereto as guarantors, the lenders from time to time party thereto (the “Lenders”), and Oaktree Fund Administration, LLC, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), pursuant to which the Lenders agreed to make term loans to the Company in an aggregate principal amount of up to $300,000,000 (the “Term Loans”). The Credit Agreement amended and restated that certain Credit Agreement and Guaranty dated as of April, 26 2022 (as amended from time to time) (the “Prior Credit Agreement”), by and among the Company, its subsidiaries party thereto as guarantors, the lenders party thereto and Oaktree Fund Administration, LLC, as administrative agent. The proceeds of the Term Loans will be used for (a) repayment of outstanding indebtedness un","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688757/000168875726000033/0001688757-26-000033-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"an aggregate principal amount of up to $300,000,000"},{"label":"Counterparty","value":"Oaktree Fund Administration, LLC (as administrative agent) and the Lenders"},{"label":"Rate","value":"8.75% per annum"},{"label":"Maturity","value":"April 30, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"224d992e7c13a26334823ed5a0a225395fdb8642","claim":"ESTABLISHMENT LABS HOLDINGS INC. amended Amended Credit Agreement and Guaranty with Oaktree Fund Administration, LLC valued at $300,000,000 term loans (effective 2026-04-30).","evidence_excerpt":"On April 30, 2026 (the “Closing Date”), Establishment Labs Holdings Inc. (the “Company”) entered into an Amended Credit Agreement and Guaranty (the “Credit Agreement”) together with certain of its subsidiaries party thereto as guarantors, the lenders from time to time party thereto (the “Lenders”), and Oaktree Fund Administration, LLC, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), pursuant to which the Lenders agreed to make term loans to the Company in an aggregate principal amount of up to $300,000,000 (the “Term Loans”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688757/000168875726000033/0001688757-26-000033-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Oaktree Fund Administration, LLC"},{"label":"Value","value":"$300,000,000 term loans"},{"label":"Effective","value":"2026-04-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}