Astrana Health, Inc. (ASTH): debt financing — Astrana Health enters $1.295B credit facility; $745M delayed draw for Prospect acquisition

Astrana Health, Inc.

Five-year $300M revolver, $250M term A loan, and $745M delayed draw term loan.
Delayed draw term loan to finance acquisition of assets from Prospect Medical Holdings (agreement Nov 8, 2024).
Covenants: max total net leverage 5.00x (falling to 4.50x after Mar 2027); min interest coverage 2.50x.
Borrower and subsidiary Astrana Health Management grant security interest in all assets to lenders.
Annual meeting set for June 11, 2025; virtual; record date April 22, 2025.

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

Astrana Health, Inc. amended term loan of $745,000,000 with Truist Bank (as administrative agent) at term SOFR plus 1.25% to 2.50% or base rate plus 0.25% to 1.50% maturing five years from the closing date.

Instrument: term loan
Principal: $745,000,000
Counterparty: Truist Bank (as administrative agent)
Rate: term SOFR plus 1.25% to 2.50% or base rate plus 0.25% to 1.50%
Maturity: five years from the closing date
Event: amendment

Exact text from the filing

(c) a five-year delayed draw term loan credit facility to the Company of $745,000,000

View on SEC.gov

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

Astrana Health, Inc. amended revolving credit of $300,000,000 with Truist Bank (as administrative agent) at term SOFR plus 1.25% to 2.50% or base rate plus 0.25% to 1.50% maturing five years from the closing date.

Instrument: revolving credit
Principal: $300,000,000
Counterparty: Truist Bank (as administrative agent)
Rate: term SOFR plus 1.25% to 2.50% or base rate plus 0.25% to 1.50%
Maturity: five years from the closing date
Event: amendment

Exact text from the filing

provides for (a) a five-year revolving credit facility to the Company of $300,000,000

View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

Astrana Health, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-018221

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