secwatch.observer — SEC 8-K summary
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Issuer:     Root, Inc. (ROOT)
CIK:        0001788882
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0001788882-22-000009
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.03, 1.01, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788882/000178888222000009/0001788882-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788882/000178888222000009/root-20220127.htm
  HTML page:      https://secwatch.observer/filing/0001788882-22-000009

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