secwatch / observer
8-K filed May 10, 2024, 7:59 PM ET ticker OPCH CIK 0001014739
debt confidence high sentiment positive materiality 0.50

Option Care Health, Inc. (OPCH): debt financing — Option Care Health reduces Term B loan spread by 50bps, adds $50M incremental term loans

Option Care Health, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Option Care Health, Inc. incurred term loan of $50,000,000 at Term SOFR plus 2.25%.

Instrument
term loan
Principal
$50,000,000
Rate
Term SOFR plus 2.25%
Event
incurrence
Exact text from the filing
provides for incurrence of incremental term loans in the aggregate principal amount of $50,000,000, which bear interest at the same interest rate as provided in the foregoing clause (i).
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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Option Care Health, Inc. amended term loan at Term SOFR plus 2.25%.

Instrument
term loan
Rate
Term SOFR plus 2.25%
Event
amendment
Exact text from the filing
reduces the interest rate on the Term B Loans thereunder from Term SOFR (including a credit spread adjustment) plus 2.75% to Term SOFR plus 2.25% and removes the credit spread adjustment with respect to such Term B Loans
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Option Care Health, Inc. amended Third Amendment to Amended and Restated First Lien Credit Agreement with Bank of America, N.A., as administrative agent (effective 2024-05-08).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A., as administrative agent
Effective
2024-05-08
Exact text from the filing
On May 8, 2024, Option Care Health Inc. (the “ Company ”) entered into that certain Third Amendment to Amended and Restated First Lien Credit Agreement (the “ Amendment ”), by and among the Company, as borrower, certain subsidiaries of the Company party thereto, each Existing Term Lender party thereto, the Replacement Lender, the 2024 Incremental Term Lender and Bank of America, N.A., as administrative agent
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310 debt financings filed in the last 30 days. Browse all debt financings →

Option Care Health, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-24-059895
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