{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-022489","form_type":"8-K","ticker":"DHC","cik":"0001075415","company_name":"DIVERSIFIED HEALTHCARE TRUST","filed_at":"2023-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.786073+00:00","generated_at":"2026-06-19T08:41:03.291597+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"DHC amends credit facility; commitments cut to $450M, liquidity minimum halved to $100M, dividend capped at $0.01/share","bullets":["Facility commitments reduced from $586.4M to $450M; no further reborrowing allowed.","Minimum liquidity requirement lowered from $200M to $100M; fixed charge coverage waiver extended through Jan 2024.","Dividend limited to $0.01/share per quarter to maintain REIT status; additional debt and acquisitions restricted.","Interest rate premium increased from 250 bps to 290 bps; LIBOR replaced with SOFR effective immediately.","Post-closing covenant requires deposit account control agreements for collateral property accounts within 60 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-022489","json":"https://secwatch.observer/filing/0001104659-23-022489.json","markdown":"https://secwatch.observer/filing/0001104659-23-022489.md","text":"https://secwatch.observer/filing/0001104659-23-022489.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1075415/000110465923022489/0001104659-23-022489-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1075415/000110465923022489/tm236899d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T08:41:03.291597+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"984b812aeaa6f8d8b3afea08de8c9b09ccfeca89","claim":"DIVERSIFIED HEALTHCARE TRUST amended credit agreement with Wells Fargo Bank, National Association valued at Facility commitments reduced from $586.4 million to $450.0 million; minimum liquidity decreased from (effective 2023-02-14).","evidence_excerpt":"On February 14, 2023, we amended the agreement governing our credit facility, or our credit agreement, with Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1075415/000110465923022489/0001104659-23-022489-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"Facility commitments reduced from $586.4 million to $450.0 million; minimum liquidity decreased from"},{"label":"Effective","value":"2023-02-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}