Establishment Labs refinances debt with $300M credit facility at 8.75%, maturing 2031

Filed April 30, 2026 · Period ending April 30, 2026 · ~2 min read

Key Changes

• high

  Entered $300M credit facility with Oaktree-administered lenders at 8.75% annual interest, maturing April 2031. $265M drawn immediately to repay prior debt; $35M available subject to mutual consent.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Interest payable quarterly in cash, but company may pay 25-100% in kind (adding to principal) during first year, incurring 0.375-0.50% cash step-up penalty. Rate drops 0.25% if gross leverage falls below 4.0x.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Prepayment penalties make early refinancing costly: 1% exit fee on all prepayments, plus yield-protection premium (present value of forgone interest + 2% of principal) if prepaid within two years, or 2% premium in year three.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →