AirSculpt Technologies, Inc. filed a Form 8-K on November 6, 2026, disclosing entry into a new Financing Agreement dated November 5, 2026, the termination of its prior credit facility, and the release of third-quarter 2026 operating results.

Key Highlights

  • New term loan: A $39.0 million senior secured term loan was funded in full on November 5, 2026, with Blue Torch Finance LLC serving as administrative agent and collateral agent.
  • Revolving facility: A senior secured revolving credit facility of up to $5.0 million was established, with none drawn at closing.
  • Maturity date: Both credit facilities mature on November 5, 2031.
  • Prior facility retired: Proceeds from the term loan repaid all outstanding obligations under the Existing Credit Agreement with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company; the company disclosed it did not incur any material early termination penalties.
  • Interest rate: Borrowings bear interest at Term SOFR (subject to a 2.50% floor) or a reference rate, plus a margin ranging from 6.75% to 7.75% for Term SOFR loans and 5.75% to 6.75% for reference rate loans, based on the company's leverage ratio.
  • Quarterly amortization: The term loan amortizes beginning December 31, 2026 at $731,250 per quarter, increasing to $975,000 beginning December 31, 2027 and $1,462,500 beginning December 31, 2029.
  • Key financial covenant: The Financing Agreement requires a maximum leverage ratio of 4.50:1.00 for test periods ending December 31, 2026 through September 30, 2027, stepping down to 2.00:1.00 for the period ending December 31, 2030 and thereafter.

AirSculpt Refinances Debt With Blue Torch, Sets New Covenant Structure

According to the filing, AirSculpt Technologies, Inc. (NASDAQ:AIRS), together with its wholly-owned subsidiaries EBS Intermediate Parent LLC and EBS Enterprises LLC (the "Borrower"), entered into the Financing Agreement on November 5, 2026 (the "Closing Date"). The Borrower used term loan proceeds to retire in full the prior credit agreement originally dated November 7, 2022, which had been scheduled to mature on November 15, 2027. Following repayment, the filing states that "no obligations remained outstanding and the Existing Credit Agreement, the related loan documents and the related liens and guarantees were terminated and released."

The new credit facilities include interest rate provisions tied to the company's leverage ratio. During any event of default, the filing discloses that the Agent may charge additional default interest of 2.00%. The Borrower also pays an unused line fee of 0.50% per annum on the undrawn portion of the revolving facility, payable quarterly in arrears beginning January 1, 2027. Voluntary prepayments of the term loan are subject to a prepayment premium equal to a make-whole amount plus 3.00% in the first year after closing, declining to 2.00%, 1.00%, and 0.50% in years two through four, and zero thereafter.

The Financing Agreement also establishes minimum average weekly liquidity requirements of $7.5 million for each calendar week ending prior to September 30, 2027, and $5.0 million thereafter, tested weekly. Mandatory prepayments from excess cash flow are required beginning with fiscal year 2027, at rates between 75% and 0% depending on the gross leverage ratio. Separately, the company issued a press release on November 6, 2026, announcing results for the three and nine months ended September 30, 2026, attached as Exhibit 99.1 and noted by the filing as not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.

What Was Disclosed

AirSculpt Technologies disclosed entry into a $39.0 million term loan and $5.0 million revolving facility with Blue Torch Finance LLC as agent, the full repayment and termination of its prior Silicon Valley Bank credit agreement, and the release of third-quarter 2026 financial results.