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AI brief of an SEC Form 8-K · Waystar Holding (WAY)

Waystar Reprices $1.16 Billion Term Loan at Lower Rate, Adds $250 Million for Iodine Deal

Positive Impact 3 of 5 financing Written later

Waystar subsidiaries entered Amendment No. 11 to their First Lien Credit Agreement on August 12, 2025, refinancing all $1,157,711,636 of existing term loans at a lower interest rate. The filing states there was no change to the company's outstanding indebtedness. The lower borrowing cost is favorable for shareholders, and the company also plans $250 million of incremental term loans that are tied to the closing of its Iodine Software acquisition.

Key points

  • Existing term loans of $1,157,711,636 refinanced; adjusted Term SOFR spread cut to 2.00% from 2.25%, or alternate base rate margin cut to 1.00% from 1.25%
  • Repricing within six months after the Amendment No. 11 closing date triggers a customary 1.00% premium on the affected loans
  • $250 million of incremental term loans on the same terms, subject to closing of the Iodine Software acquisition
  • Filing states there was no change to the company's outstanding indebtedness in connection with Amendment No. 11

The filing

CompanyWaystar Holding (WAY)
Form8-K, current report
Filed with the SECAug 12, 2025, 5:25 PM ET
Accession number0001990354-25-000015

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.