---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-005001"
form_type: "8-K"
ticker: "OPCH"
cik: "0001014739"
company_name: "Option Care Health, Inc."
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T12:52:44.768727+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Option Care Health increases ABL revolver by $50M to $225M, appoints Luke Whitworth COO

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-005001
- form_type: 8-K
- ticker: OPCH
- cik: 0001014739
- company_name: Option Care Health, Inc.
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1014739/000110465923005001/0001104659-23-005001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1014739/000110465923005001/tm233851d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-005001
- JSON: https://secwatch.observer/filing/0001104659-23-005001.json
- Plain text: https://secwatch.observer/filing/0001104659-23-005001.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014739/000110465923005001/0001104659-23-005001-index.htm
- Executive change
  Luke Whitworth was appointed as Chief Operating Officer at Option Care Health, Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014739/000110465923005001/0001104659-23-005001-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014739/000110465923005001/0001104659-23-005001-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.