secwatch.observer — SEC 8-K summary
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Issuer:     Option Care Health, Inc. (OPCH)
CIK:        0001014739
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001104659-24-059895
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014739/000110465924059895/0001104659-24-059895-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014739/000110465924059895/tm2413986d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059895

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer