secwatch.observer — SEC 8-K summary
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Issuer:     U S PHYSICAL THERAPY INC /NV (USPH)
CIK:        0000885978
Form:       8-K
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0000885978-26-000017
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USPH enters $450M credit facility with $275M revolver and $175M term loan, maturing 2031
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- New $450M credit facility comprises $275M revolver and $175M term loan, matures April 14, 2031.
- Proceeds used to refinance existing Third Amended Credit Agreement, fund working capital, acquisitions, and growth.
- Interest rates: SOFR + 1.25%-2.25% margin; commitment fee 0.225%-0.35%; initial Pricing Level 2.
- Agreement includes a $125M accordion feature subject to leverage ratio ≤ 2.50:1.0.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885978/000088597826000017/0000885978-26-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885978/000088597826000017/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000885978-26-000017

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