Option Care Health, Inc. (OPCH): debt financing — Option Care Health increases ABL revolver by $50M to $225M, appoints Luke Whitworth COO

Option Care Health, Inc.

ABL credit facility revolver increased from $175M to $225M via fourth amendment on Jan 13, 2023.
LIBOR replaced with SOFR as reference rate under the amended ABL Credit Agreement.
Luke Whitworth, age 42, appointed COO effective Jan 16, 2023; previously SVP Patient Registration.
Whitworth's base salary raised to $550,000 and target cash incentive set at 90% of base salary.
No event of default occurred; all guarantees and security interests reaffirmed.

item 1.01 item 2.03 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Luke Whitworth

Chief Operating Officer

OPCH · Option Care Health, Inc.

Effective: 2023-01-16
Filed: January 19, 2023, 6:59 PM ET

On January 16, 2023, the Board of Directors of the Company (the “ Board ”) appointed Luke Whitworth, age 42, to serve as Chief Operating Officer of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Option Care Health, Inc. amended revolving credit of increases the Total Revolving Credit Commitments ... by $50,000,000 from $175,000,000 to $225,000,000 at replaces LIBOR as a reference rate thereunder with a SOFR term rate.

Instrument: revolving credit
Principal: increases the Total Revolving Credit Commitments ... by $50,000,000 from $175,000,000 to $225,000,000
Rate: replaces LIBOR as a reference rate thereunder with a SOFR term rate
Event: amendment

Exact text from the filing

The amendment, among other things, increases the Total Revolving Credit Commitments under (and as defined in) the Existing ABL Credit Agreement by $50,000,000 from $175,000,000 to $225,000,000 and replaces LIBOR as a reference rate thereunder with a SOFR term rate.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Luke Whitworth was appointed as Chief Operating Officer at Option Care Health, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On January 16, 2023, the Board of Directors of the Company (the “ Board ”) appointed Luke Whitworth, age 42, to serve as Chief Operating Officer of the Company, effective immediately.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Option Care Health, Inc. amended Existing ABL Credit Agreement valued at $50,000,000 (effective 2023-01-13).

Action: amendment
Agreement: credit facility
Value: $50,000,000
Effective: 2023-01-13

Exact text from the filing

On January 13, 2023, Option Care Health, Inc. (the “ Company ”) executed a fourth amendment to its ABL Credit Agreement entered into on August 6, 2019 (as amended, restated, supplemented or otherwise modified prior to the date thereof, the “ Existing ABL Credit Agreemen t”).

View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

Option Care Health, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-005001

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.