[144] Collegium Pharmaceutical, Inc. SEC Filing

Rhea-AI Filing Summary

Triumph Group, Inc. (TGI) filed a Form 8-K reporting that on 30 June 2025 it executed amendments to its $75 million receivables securitization facility, originally established in August 2008.

The company and its special-purpose entity, Triumph Receivables, LLC, entered into three restated agreements: (1) the Receivables Purchase Agreement, (2) the Purchase and Sale Agreement, and (3) a Performance Guaranty.

Main changes:

• Facility administration transferred from PNC Bank, National Association to MUFG Bank, Ltd.
• Updated benchmark transition provisions to reflect market reference rate changes.
• Technical revisions linked to the pending acquisition of Triumph Group by affiliates of Warburg Pincus LLC and Berkshire Partners LLC.

The amendments do not disclose any change to the facility’s $75 million capacity, and no financial statements accompanied the filing.

Aligning the securitization documentation with the upcoming change of control should help preserve liquidity and operational continuity as the acquisition process advances.

Positive

• Administration moved to MUFG Bank, Ltd., providing continuity and potentially stronger banking support during ownership transition.
• Amendments expressly accommodate the pending Warburg Pincus/Berkshire Partners acquisition, reducing transaction execution risk.

Negative

• None.

Insights

Financial Analyst

TL;DR: Neutral liquidity housekeeping; keeps $75M facility alive under new bank and buyout structure.

The filing is procedural: it shifts the administrator to MUFG, refreshes rate language, and assures lenders that the Warburg-Berkshire takeover does not breach covenants. There is no expansion in size or tenor, so liquidity is unchanged. For investors, the move lowers execution risk during the change of control but does not materially improve capital structure. I view the impact as neutral.

M&A Specialist

TL;DR: Positive sign—financing aligned with acquisition, reducing close-risk.

Restating the securitization agreements before closing demonstrates proactive deal management. Transferring administration to MUFG and updating benchmarks removes technical hurdles that could delay funding or trigger consents after the buyout. While dollar size stays flat, certainty of receivables liquidity supports working-capital planning under new ownership, which is modestly positive for completion probability.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	14210	444062.16	32142192	07/07/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/20/2021	Restricted Stock Vesting	Issuer			1352	05/20/2021	Compensation
Common	05/19/2023	Restricted Stock Vesting	Issuer			12858	05/19/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Michael Heffernan 100 Technology Center Drive Stoughton MA 02072	Common	07/02/2025	25000	757379.85

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did Triumph Group (TGI) announce in its 30 June 2025 Form 8-K?

It executed amendments to its $75 million receivables securitization facility, including new agreements and an administrator change.

How large is Triumph Group’s receivables securitization facility?

The facility remains at $75 million.

Which bank now administers the securitization facility?

MUFG Bank, Ltd. replaced PNC Bank, National Association as administrator and LC bank.

Why were the securitization agreements amended?

To update benchmark provisions and ensure compliance with the pending acquisition by Warburg Pincus and Berkshire Partners affiliates.

Did the amendments change the facility’s size or provide new funding?

No change to the $75 million capacity was disclosed.

Were financial statements or earnings data included in the 8-K?

No. Item 9.01 lists only the amended agreements as exhibits; no financial statements accompanied the filing.