Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Babylon Holdings Ltd incurred term loan of up to $11,500,000 with AlbaCore Bridge Notes Subscribers at Term SOFR plus credit adjustment spread plus a 12% margin.
- Instrument
- term loan
- Principal
- up to $11,500,000
- Counterparty
- AlbaCore Bridge Notes Subscribers
- Rate
- Term SOFR plus credit adjustment spread plus a 12% margin
- Event
- incurrence
Exact text from the filing
Pursuant to the Amended Bridge Facility Agreement, the AlbaCore Bridge Notes Subscribers agreed to provide further secured debt financing in the form of an additional senior secured term loan notes facility (the “New Bridge Facility (July 2023)”) in an additional aggregate principal amount of up to $11,500,000
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Babylon Holdings Ltd amended Second Amendment and Restatement Agreement with certain affiliates of, or funds managed and/or advised by, AlbaCore Capital LLP (the AlbaCore Bridge Notes Subscribers) valued at up to $11,500,000 (effective 2023-07-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- certain affiliates of, or funds managed and/or advised by, AlbaCore Capital LLP (the AlbaCore Bridge Notes Subscribers)
- Value
- up to $11,500,000
- Effective
- 2023-07-17
Exact text from the filing
“Babylon” or the “Company” and, together with its consolidated subsidiaries, the “Group”), the Subsidiary Guarantors (as defined below), and certain AlbaCore Bridge Notes Subscribers (as defined below) entered into an amendment and restatement agreement (the “Second Amendment and Restatement Agreement”) to that certain bridge loan notes facility agreement, originally dated March 9, 2023 and amended and restated by an amendment and restatement agreement dated May 10, 2023 and as further amended by an amendment letter dated June 16, 2023 (the “Bridge Facility Agreement,” and as amended and restated pursuant to the Second Amendment and Restatement Agreement, the “Amended Bridge Facility Agreement”), entered into by and among the Company, as borrower, Babylon Healthcare Inc., Babylon Partners Ltd., and Babylon Inc.
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