{"schema_version":"secwatch.filing_event.v1","accession":"0001906324-26-000036","form_type":"8-K","ticker":"QDEL","cik":"0001906324","company_name":"QuidelOrtho Corp","filed_at":"2026-09-23T20:41:04+00:00","discovered_at":"2026-09-23T20:42:11.290080+00:00","generated_at":"2026-09-23T20:42:42.166457+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"QuidelOrtho secures covenant relief on $3.4B credit facilities through 2029","bullets":["Amended Aug-2025 credit agreement on Sep-23-2026, covering $1.15B Term Loan A, $100M DDTL, $1.45B Term Loan B, $700M revolver.","Covenant Relief Period runs to Sep-2029; max leverage eased to 5.50x (through Jul-2028) stepping to 4.25x; min interest coverage 2.25x to 3.00x by Sep-2029.","Initial SOFR margin on Term A/Revolver rises to 2.50% (1.50% base rate); grid up to 3.00% thereafter. Term Loan B rate unchanged.","New limits during relief: $200M cap on acquisitions of non-Loan parties, $10M/yr and $100M total for restricted payments, Pro Forma Cash capped at $250M for revolver draws."],"urls":{"canonical":"https://secwatch.observer/filing/0001906324-26-000036","json":"https://secwatch.observer/filing/0001906324-26-000036.json","markdown":"https://secwatch.observer/filing/0001906324-26-000036.md","text":"https://secwatch.observer/filing/0001906324-26-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1906324/000190632426000036/0001906324-26-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1906324/000190632426000036/qdel-20260923.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-23T20:42:42.166457+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}