---
schema_version: "secwatch.filing_event.v1"
accession: "0001866390-23-000084"
form_type: "8-K"
ticker: null
cik: "0001866390"
company_name: "Babylon Holdings Ltd"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:09:38.541479+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Babylon Holdings secures $34.5M bridge, plans take-private with zero consideration for equity holders

## Summary
- Up to $34.5M additional secured bridge loan from AlbaCore; funded in three tranches with 15% OID.
- Bridge facility amended to remove operational milestones; new covenants and events of default added.
- Framework Implementation Agreement signed to restructure and take private core operating subsidiaries via administration.
- Take Private Proposal expected to provide no consideration to Babylon's Class A ordinary shareholders.
- Proceeds from additional funding to support operations; take-private implementation targeted June 2023.

## SEC filing metadata
- accession: 0001866390-23-000084
- form_type: 8-K
- cik: 0001866390
- company_name: Babylon Holdings Ltd
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866390/000186639023000084/0001866390-23-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866390/000186639023000084/bbln-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866390-23-000084
- JSON: https://secwatch.observer/filing/0001866390-23-000084.json
- Plain text: https://secwatch.observer/filing/0001866390-23-000084.txt

## Key facts
- Debt Financings
  Babylon Holdings Ltd incurred term loan of up to $34,500,000 with certain affiliates of, or funds managed and/or advised by, AlbaCore Capital LLP.
  - Instrument: term loan
  - Principal: up to $34,500,000
  - Counterparty: certain affiliates of, or funds managed and/or advised by, AlbaCore Capital LLP
  - Event: incurrence
  source text: the Bridge Noteholders agreed to provide further secured debt financing in the form of an additional senior secured term loan notes facility (the “Additional Bridge Facility”) in an additional aggregate principal amount of up to $34,500,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866390/000186639023000084/0001866390-23-000084-index.htm
- Material Agreements
  Babylon Holdings Ltd amended Amendment and Restatement Agreement with certain AlbaCore Bridge Notes Subscribers valued at up to $34,500,000 (effective 2023-05-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: certain AlbaCore Bridge Notes Subscribers
  - Value: up to $34,500,000
  - Effective: 2023-05-10
  source text: Pursuant to the Amended Bridge Facility Agreement, the Bridge Noteholders agreed to provide further secured debt financing in the form of an additional senior secured term loan notes facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866390/000186639023000084/0001866390-23-000084-index.htm

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