secwatch.observer — SEC 8-K summary
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Issuer:     Encompass Health Corp (EHC)
CIK:        0000785161
Form:       8-K
Filed at:   2026-03-10T23:59:59+00:00
Accession:  0000785161-26-000100
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Encompass Health enters $1B revolver with Truist; matures 2031, replaces 2022 facility
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- New $1.0B revolving credit facility with Truist Bank as administrative agent; maturity extended to March 9, 2031 (from Oct 2027).
- Undrawn commitment fee reduced by 5 bps; swingline sublimit increased to $40M (from $25M); 0.10% SOFR adjustment eliminated.
- Drew $250M to repay prior credit agreement; also drew $53.6M on new letter of credit subfacility.
- Financial covenants: minimum Interest Coverage Ratio 3.00x; maximum Leverage Ratio 4.50x (net of cash), except for significant acquisitions.
- Accordion permits up to $1.4B or 100% EBITDA additional commitments, subject to Senior Secured Leverage Ratio ≤ 3.50x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/785161/000078516126000100/0000785161-26-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/785161/000078516126000100/ehc-20260309.htm
  HTML page:      https://secwatch.observer/filing/0000785161-26-000100

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