secwatch.observer — SEC 8-K summary
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Issuer:     Option Care Health, Inc. (OPCH)
CIK:        0001014739
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001104659-23-005001
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014739/000110465923005001/0001104659-23-005001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014739/000110465923005001/tm233851d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-005001

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer