[8-K] Mesa Laboratories Inc Reports Material Event
Mesa Laboratories, Inc. drew $97 million under its existing senior secured Credit Facility on August 12, 2025, bringing total outstanding borrowings under that facility to $108 million. The company used the proceeds to fund settlement of its outstanding convertible notes that matured on August 15, 2025, in accordance with the indenture.
The Credit Facility carries interest at either a base rate or a SOFR rate plus a spread and matures on April 5, 2029. The filing references the full credit agreement previously filed on April 8, 2024, and includes a press release as Exhibit 99.1 dated August 18, 2025.
Mesa Laboratories, Inc. ha preso in prestito 97 milioni di dollari nell'ambito della sua attuale Credit Facility senior garantita il 12 agosto 2025, portando l'indebitamento totale residuo sotto tale linea a 108 milioni di dollari. La societ脿 ha impiegato i proventi per estinguere i propri titoli convertibili in scadenza il 15 agosto 2025, conformemente all'atto costitutivo.
La Credit Facility prevede un tasso d'interesse basato su un tasso base oppure sul SOFR pi霉 uno spread e scade il 5 aprile 2029. Il deposito fa riferimento al contratto di credito completo precedentemente archiviato l'8 aprile 2024 e include un comunicato stampa in allegato come Exhibit 99.1 datato 18 agosto 2025.
Mesa Laboratories, Inc. obtuvo 97 millones de d贸lares de su actual l铆nea de cr茅dito garantizada senior el 12 de agosto de 2025, elevando el total de pr茅stamos pendientes bajo esa facilidad a 108 millones de d贸lares. La compa帽铆a utiliz贸 los fondos para liquidar sus pagar茅s convertibles vencidos el 15 de agosto de 2025, de conformidad con el contrato de emisi贸n.
La l铆nea de cr茅dito aplica un inter茅s basado en una tasa base o en SOFR m谩s un margen y vence el 5 de abril de 2029. La presentaci贸n remite al acuerdo de cr茅dito completo archivado el 8 de abril de 2024 e incluye un comunicado de prensa como Exhibit 99.1 con fecha 18 de agosto de 2025.
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頃措嫻 鞁犾毄頃滊弰電� 旮办旮堧Μ 霕愲姅 SOFR鞐� 鞀ろ攧霠堧摐毳� 雿旐暅 旮堧Μ 欷� 頃橂倶毳� 鞝侅毄頃橂┌ 毵岅赴電� 2029雲� 4鞗� 5鞚检瀰雼堧嫟. 鞝滌稖 靹滊電� 2024雲� 4鞗� 8鞚检棎 鞝滌稖霅� 鞝勳泊 鞁犾毄瓿勳暯靹滊ゼ 彀胳“頃橂┌, 2025雲� 8鞗� 18鞚检瀽 氤措弰鞛愲臧� Exhibit 99.1搿� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Mesa Laboratories, Inc. a tir茅 97 millions de dollars sur sa facilit茅 de cr茅dit senior garantie existante le 12 ao没t 2025, portant le montant total des emprunts en cours sur cette facilit茅 脿 108 millions de dollars. La soci茅t茅 a utilis茅 ces fonds pour solder ses billets convertibles arrivant 脿 茅ch茅ance le 15 ao没t 2025, conform茅ment 脿 l'acte de fiducie.
La facilit茅 de cr茅dit porte un int茅r锚t au taux de base ou au taux SOFR major茅 d'une marge et arrive 脿 茅ch茅ance le 5 avril 2029. Le d茅p么t renvoie au contrat de cr茅dit complet pr茅c茅demment d茅pos茅 le 8 avril 2024 et inclut un communiqu茅 de presse en tant qu'Exhibit 99.1 dat茅 du 18 ao没t 2025.
Mesa Laboratories, Inc. zog am 12. August 2025 97 Millionen US-Dollar aus ihrer bestehenden besicherten Senior-Kreditfazilit盲t und erh枚hte damit die ausstehenden Gesamtkredite unter dieser Fazilit盲t auf 108 Millionen US-Dollar. Das Unternehmen nutzte die Mittel zur Begleichung seiner am 15. August 2025 f盲lligen Wandelanleihen, entsprechend der Anleihebedingungen.
Die Kreditfazilit盲t verlangt Zinsen entweder auf Basis eines Basiszinssatzes oder des SOFR zuz眉glich eines Aufschlags und l盲uft am 5. April 2029 aus. Die Einreichung verweist auf den vollst盲ndigen Kreditvertrag, der zuvor am 8. April 2024 eingereicht wurde, und enth盲lt eine Pressemitteilung als Exhibit 99.1 vom 18. August 2025.
- Convertible notes settled using proceeds, eliminating the scheduled August 15, 2025 maturity under the indenture
- Utilized existing credit facility rather than new financing, referencing an already-disclosed senior secured credit agreement
- Outstanding debt increased to $108 million under the Credit Facility, raising secured leverage
- Interest rate exposure tied to base rate or SOFR plus a spread introduces floating-rate cost risk
Insights
TL;DR: Company borrowed $97M to settle maturing convertible notes, raising outstanding debt to $108M under a credit facility maturing in 2029.
The draw converts near-term convertible note obligations into bank debt under the existing secured facility, eliminating the immediate note maturity event on August 15, 2025. This reduces potential near-term refinancing or conversion uncertainty tied to the notes but increases funded debt on the balance sheet to $108M under terms tied to base or SOFR rates plus a spread. Investors should note the credit facility maturity date of April 5, 2029, and that the filing incorporates the full credit agreement previously filed on April 8, 2024.
TL;DR: Settlement via credit draw removes convertible note maturity risk but increases interest rate exposure and secured leverage.
Replacing convertible notes with borrowings under a secured credit agreement reduces contingent equity dilution risk associated with convertible instruments but replaces it with higher secured leverage and floating-rate interest exposure (base rate or SOFR plus spread). The maturity profile now includes the facility's April 5, 2029 maturity. The filing is informational and references prior documentation for full terms.
Mesa Laboratories, Inc. ha preso in prestito 97 milioni di dollari nell'ambito della sua attuale Credit Facility senior garantita il 12 agosto 2025, portando l'indebitamento totale residuo sotto tale linea a 108 milioni di dollari. La societ脿 ha impiegato i proventi per estinguere i propri titoli convertibili in scadenza il 15 agosto 2025, conformemente all'atto costitutivo.
La Credit Facility prevede un tasso d'interesse basato su un tasso base oppure sul SOFR pi霉 uno spread e scade il 5 aprile 2029. Il deposito fa riferimento al contratto di credito completo precedentemente archiviato l'8 aprile 2024 e include un comunicato stampa in allegato come Exhibit 99.1 datato 18 agosto 2025.
Mesa Laboratories, Inc. obtuvo 97 millones de d贸lares de su actual l铆nea de cr茅dito garantizada senior el 12 de agosto de 2025, elevando el total de pr茅stamos pendientes bajo esa facilidad a 108 millones de d贸lares. La compa帽铆a utiliz贸 los fondos para liquidar sus pagar茅s convertibles vencidos el 15 de agosto de 2025, de conformidad con el contrato de emisi贸n.
La l铆nea de cr茅dito aplica un inter茅s basado en una tasa base o en SOFR m谩s un margen y vence el 5 de abril de 2029. La presentaci贸n remite al acuerdo de cr茅dito completo archivado el 8 de abril de 2024 e incluye un comunicado de prensa como Exhibit 99.1 con fecha 18 de agosto de 2025.
Mesa Laboratories, Inc.電� 2025雲� 8鞗� 12鞚� 旮办〈鞚� 靹犾垳鞙� 雼措炒 鞁犾毄頃滊弰鞐愳劀 9,700毵� 雼煬毳� 鞚胳稖頃橃棳 頃措嫻 頃滊弰 頃橃潣 齑� 氙胳儊頇� 彀瀰旮堨澊 1鞏�8氚彪 雼煬臧� 霅橃棃鞀惦媹雼�. 須岇偓電� 鞚� 鞛愱笀鞚� 2025雲� 8鞗� 15鞚� 毵岅赴霅� 鞝勴櫂靷眲鞚� 靸來櫂 鞛愱笀鞙茧 靷毄頄堨溂氅�, 鞚措姅 鞚鸽嵈觳橃棎 霐半ジ 臁办箻鞛呺媹雼�.
頃措嫻 鞁犾毄頃滊弰電� 旮办旮堧Μ 霕愲姅 SOFR鞐� 鞀ろ攧霠堧摐毳� 雿旐暅 旮堧Μ 欷� 頃橂倶毳� 鞝侅毄頃橂┌ 毵岅赴電� 2029雲� 4鞗� 5鞚检瀰雼堧嫟. 鞝滌稖 靹滊電� 2024雲� 4鞗� 8鞚检棎 鞝滌稖霅� 鞝勳泊 鞁犾毄瓿勳暯靹滊ゼ 彀胳“頃橂┌, 2025雲� 8鞗� 18鞚检瀽 氤措弰鞛愲臧� Exhibit 99.1搿� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Mesa Laboratories, Inc. a tir茅 97 millions de dollars sur sa facilit茅 de cr茅dit senior garantie existante le 12 ao没t 2025, portant le montant total des emprunts en cours sur cette facilit茅 脿 108 millions de dollars. La soci茅t茅 a utilis茅 ces fonds pour solder ses billets convertibles arrivant 脿 茅ch茅ance le 15 ao没t 2025, conform茅ment 脿 l'acte de fiducie.
La facilit茅 de cr茅dit porte un int茅r锚t au taux de base ou au taux SOFR major茅 d'une marge et arrive 脿 茅ch茅ance le 5 avril 2029. Le d茅p么t renvoie au contrat de cr茅dit complet pr茅c茅demment d茅pos茅 le 8 avril 2024 et inclut un communiqu茅 de presse en tant qu'Exhibit 99.1 dat茅 du 18 ao没t 2025.
Mesa Laboratories, Inc. zog am 12. August 2025 97 Millionen US-Dollar aus ihrer bestehenden besicherten Senior-Kreditfazilit盲t und erh枚hte damit die ausstehenden Gesamtkredite unter dieser Fazilit盲t auf 108 Millionen US-Dollar. Das Unternehmen nutzte die Mittel zur Begleichung seiner am 15. August 2025 f盲lligen Wandelanleihen, entsprechend der Anleihebedingungen.
Die Kreditfazilit盲t verlangt Zinsen entweder auf Basis eines Basiszinssatzes oder des SOFR zuz眉glich eines Aufschlags und l盲uft am 5. April 2029 aus. Die Einreichung verweist auf den vollst盲ndigen Kreditvertrag, der zuvor am 8. April 2024 eingereicht wurde, und enth盲lt eine Pressemitteilung als Exhibit 99.1 vom 18. August 2025.
FAQ
What did Mesa Laboratories (MLAB) do on August 12, 2025?
How much is outstanding under Mesa's Credit Facility after the draw?
What were the proceeds used for?
What interest terms apply to the Credit Facility?
When does the Credit Facility mature?
Where can I find the full terms of the Credit Facility?
