secwatch.observer — SEC 8-K summary
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Issuer:     SELECT MEDICAL HOLDINGS CORP (SEM)
CIK:        0001320414
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001104659-23-068527
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Medical amends credit agreement, extends $60M revolver maturity to 2025, transitions to SOFR
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- Replaces LIBOR with Adjusted Term SOFR for borrowings under the credit agreement.
- Extends maturity on $60M of revolving capacity to March 6, 2025; $590M total extended, $60M remains March 6, 2024.
- Royal Bank of Canada converts its non-extended revolver to extended, with pro rata adjustments.
- Amendment effective May 31, 2023; conditions satisfied including fees and documentation.
- No default or material adverse change representations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320414/000110465923068527/0001104659-23-068527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320414/000110465923068527/tm2317937d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-068527

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