Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.97
Airsculpt Technologies, Inc. incurred credit facility of $85.0 million aggregate principal amount of term loans and a revolving loan facility in an aggregate principal amount of with Silicon Valley Bank, as administrative agent, collateral agent, issuing lender and swingline lender at SOFR plus 2.5% or ABR plus 1.5% maturing 2027-11-07.
- Instrument
- credit facility
- Principal
- $85.0 million aggregate principal amount of term loans and a revolving loan facility in an aggregate principal amount of
- Counterparty
- Silicon Valley Bank, as administrative agent, collateral agent, issuing lender and swingline lender
- Rate
- SOFR plus 2.5% or ABR plus 1.5%
- Maturity
- 2027-11-07
- Event
- incurrence
Exact text from the filing
agent, collateral agent, issuing lender and swingline lender (the “Credit Agreement”). Pursuant to the Credit Agreement, the Lenders are providing the Borrower with (i) an $85.0 million aggregate principal amount of term loans and (ii) a revolving loan facility in an aggregate principal amount of up to $5.0 million, and the proceeds were used, in part, to pay
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Airsculpt Technologies, Inc. entered into Credit Agreement with Silicon Valley Bank, as administrative agent, collateral agent, issuing lender and swingline lender valued at $85.0 million aggregate principal amount of term loans (effective 2022-11-07).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Silicon Valley Bank, as administrative agent, collateral agent, issuing lender and swingline lender
- Value
- $85.0 million aggregate principal amount of term loans
- Effective
- 2022-11-07
Exact text from the filing
On November 7, 2022, AirSculpt Technologies, Inc. (the “Registrant”) and its wholly-owned subsidiary, EBS Intermediate Parent LLC (“EBS Parent”), as guarantors, and EBS Parent’s wholly owned subsidiary EBS Enterprises LLC, as borrower (the “Borrower”), entered into a new credit agreement with the several lenders from time to time a party thereto (the “Lenders”) and Silicon Valley Bank, as administrative agent, collateral agent, issuing lender and swingline lender (the “Credit Agreement”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Airsculpt Technologies, Inc. terminated First Eagle Credit Facility with First Eagle Alternative Capital Agent, Inc., as administrative agent and collateral agent valued at $83.6 million outstanding principal balance (effective 2022-11-07).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- First Eagle Alternative Capital Agent, Inc., as administrative agent and collateral agent
- Value
- $83.6 million outstanding principal balance
- Effective
- 2022-11-07
Exact text from the filing
In connection with entry into the Credit Agreement described in Items 1.01 above and 2.03 below, the Company terminated the First Eagle Credit Facility.
View on SEC.gov