Regional Health Properties enters forbearance agreements on $5.8M debt; forbearance through May 22, 2025

REGIONAL HEALTH PROPERTIES, INC

Forbearance for $5M USDA Note and $800K SBA Note due to payment defaults; principal balance $3.66M plus interest and fees.
Immediate payments of $318,044.21 (USDA), $47,871.52 (SBA), and $22,000 in estimated attorney fees made Nov 22, 2024.
Monthly payments of principal and interest required during forbearance period ending May 22, 2025; remaining balance due then.
Company intends to pursue a third-party refinancing to pay off the notes in full; prohibits dividends, new debt, or liens.
Loan Parties acknowledge defaults, waive defenses, and grant release of all claims against Cadence Bank.

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