secwatch.observer — SEC 8-K summary
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Issuer:     Airsculpt Technologies, Inc. (AIRS)
CIK:        0001870940
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001870940-22-000050
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1870940/000187094022000050/0001870940-22-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1870940/000187094022000050/airs-20221107.htm
  HTML page:      https://secwatch.observer/filing/0001870940-22-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer