---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-059895"
form_type: "8-K"
ticker: "OPCH"
cik: "0001014739"
company_name: "Option Care Health, Inc."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:10:17.353245+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Option Care Health reduces Term B loan spread by 50bps, adds $50M incremental term loans

## Summary
- Interest rate on Term B loans lowered from Term SOFR + 2.75% to Term SOFR + 2.25%, credit spread adjustment removed.
- Incurred $50 million in new incremental term loans at same reduced interest rate.
- Existing $586.5M Term B loans exchanged for Replacement Term Loans under amended terms.
- Non-consenting lenders replaced; all conditions to amendment satisfied as of May 8, 2024.

## SEC filing metadata
- accession: 0001104659-24-059895
- form_type: 8-K
- ticker: OPCH
- cik: 0001014739
- company_name: Option Care Health, Inc.
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1014739/000110465924059895/0001104659-24-059895-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1014739/000110465924059895/tm2413986d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-059895
- JSON: https://secwatch.observer/filing/0001104659-24-059895.json
- Plain text: https://secwatch.observer/filing/0001104659-24-059895.txt

## Key facts
- Debt Financings
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014739/000110465924059895/0001104659-24-059895-index.htm
- Debt Financings
  Option Care Health, Inc. amended term loan at Term SOFR plus 2.25%.
  - Instrument: term loan
  - Rate: Term SOFR plus 2.25%
  - Event: amendment
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014739/000110465924059895/0001104659-24-059895-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014739/000110465924059895/0001104659-24-059895-index.htm

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