{"schema_version":"secwatch.filing_event.v1","accession":"0001870940-22-000050","form_type":"8-K","ticker":"AIRS","cik":"0001870940","company_name":"Airsculpt Technologies, Inc.","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.862341+00:00","generated_at":"2026-06-22T02:10:11.041386+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"AirSculpt replaces $83.6M credit facility with new $85M term loan and $5M revolver due 2027","bullets":["New $85M term loan and $5M revolving credit facility from Silicon Valley Bank, maturing Nov 7, 2027.","Proceeds used to repay $83.6M outstanding under First Eagle Credit Facility due Oct 2023; no prepayment penalty.","Interest rate margins: ABR 1.0%-2.0% and SOFR 2.0%-3.0% depending on leverage ratio; initial unused fee 0.3%.","Financial covenants: consolidated leverage ratio ≤ 2.50x and fixed charge coverage ratio ≥ 1.25x, starting Q4 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001870940-22-000050","json":"https://secwatch.observer/filing/0001870940-22-000050.json","markdown":"https://secwatch.observer/filing/0001870940-22-000050.md","text":"https://secwatch.observer/filing/0001870940-22-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1870940/000187094022000050/0001870940-22-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1870940/000187094022000050/airs-20221107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T02:10:11.041386+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f6e6613cd8dad5d3f31aed330b906293c21dfcee","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1870940/000187094022000050/0001870940-22-000050-index.htm","confidence":0.97,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$85.0 million aggregate principal amount of term loans and a revolving loan facility in an aggregate principal amount of"},{"label":"Counterparty","value":"Silicon Valley Bank, as administrative agent, collateral agent, issuing lender and swingline lender"},{"label":"Rate","value":"SOFR plus 2.5% or ABR plus 1.5%"},{"label":"Maturity","value":"2027-11-07"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7647a25e9a11737ac601daa24a4c54d3453a4add","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1870940/000187094022000050/0001870940-22-000050-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Silicon Valley Bank, as administrative agent, collateral agent, issuing lender and swingline lender"},{"label":"Value","value":"$85.0 million aggregate principal amount of term loans"},{"label":"Effective","value":"2022-11-07"}],"fact_type":"material_agreement"},{"claim_id":"eab0a637b1d59387d9401c4dcdc070ad98d320a4","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1870940/000187094022000050/0001870940-22-000050-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"First Eagle Alternative Capital Agent, Inc., as administrative agent and collateral agent"},{"label":"Value","value":"$83.6 million outstanding principal balance"},{"label":"Effective","value":"2022-11-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}