---
schema_version: "secwatch.filing_event.v1"
accession: "0001788882-22-000009"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2022-01-27T23:59:59+00:00"
generated_at: "2026-06-27T15:02:41.432865+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Root, Inc. closes $300M term loan, net proceeds ~$285M

## Summary
- Received $300M principal under Term Loan Agreement; net proceeds ~$285M after fees and expenses.
- Borrower is subsidiary Caret Holdings, Inc.; loan dated January 26, 2022 and funded January 27, 2022.
- Loan agreement previously filed as Exhibit 10.1 to prior 8-K on January 27, 2022.

## SEC filing metadata
- accession: 0001788882-22-000009
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2022-01-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 1.01, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000178888222000009/0001788882-22-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000178888222000009/root-20220127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001788882-22-000009
- JSON: https://secwatch.observer/filing/0001788882-22-000009.json
- Plain text: https://secwatch.observer/filing/0001788882-22-000009.txt

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