---
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"
generated_at: "2026-06-19T08:41:03.291597+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# DHC amends credit facility; commitments cut to $450M, liquidity minimum halved to $100M, dividend capped at $0.01/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-022489
- JSON: https://secwatch.observer/filing/0001104659-23-022489.json
- Plain text: https://secwatch.observer/filing/0001104659-23-022489.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: Facility commitments reduced from $586.4 million to $450.0 million; minimum liquidity decreased from
  - Effective: 2023-02-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1075415/000110465923022489/0001104659-23-022489-index.htm

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