---
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"
generated_at: "2026-06-22T02:10:11.041386+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AirSculpt replaces $83.6M credit facility with new $85M term loan and $5M revolver due 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001870940-22-000050
- JSON: https://secwatch.observer/filing/0001870940-22-000050.json
- Plain text: https://secwatch.observer/filing/0001870940-22-000050.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1870940/000187094022000050/0001870940-22-000050-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1870940/000187094022000050/0001870940-22-000050-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1870940/000187094022000050/0001870940-22-000050-index.htm

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