secwatch.observer — SEC 8-K summary
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Issuer:     Brilliant Earth Group, Inc. (BRLT)
CIK:        0001866757
Form:       8-K
Filed at:   2022-05-24T23:59:59+00:00
Accession:  0001866757-22-000098
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Brilliant Earth subsidiary enters $105M credit facilities with SVB, refinances $58M existing loan
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- Brilliant Earth LLC secured $65M term loan and $40M revolver with Silicon Valley Bank, maturing May 24, 2027.
- Proceeds refinanced $58.16M outstanding under prior Runway Growth Finance Corp. facility, plus fees.
- Prior credit facility terminated concurrently; prepayment and final payment fees incurred.
- New facilities are secured by substantially all assets; interest at SOFR+0.125%+2.25%-2.75% margin.
- Financial covenants: fixed charge coverage ratio ≥1.25x; total leverage ≤4.00x; borrower leverage ≤3.00x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866757/000186675722000098/0001866757-22-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866757/000186675722000098/brlt-20220524.htm
  HTML page:      https://secwatch.observer/filing/0001866757-22-000098

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