secwatch.observer — SEC 8-K summary
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Issuer:     SELECT MEDICAL HOLDINGS CORP (SEM)
CIK:        0001320414
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001104659-23-086339
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Medical refinances $2.8B credit facilities, extends maturity to 2027
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- New $2,103.0M tranche of refinancing term loans replaces existing term loans.
- New $710.0M revolving credit facility replaces existing revolver.
- Maturity extended to March 6, 2027; springing maturity if >$300M senior notes outstanding.
- $60M incremental revolving commitment from Mizuho Bank added on July 31, 2023.
- Upfront fees: 0.15% on extended revolver, 0.50% on term loan conversion, 0.30% on incremental revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320414/000110465923086339/0001104659-23-086339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320414/000110465923086339/tm2322495d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-086339

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