---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-018221"
form_type: "8-K"
ticker: "ASTH"
cik: "0001083446"
company_name: "Astrana Health, Inc."
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T01:04:50.545253+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astrana Health enters $1.295B credit facility; $745M delayed draw for Prospect acquisition

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-018221
- form_type: 8-K
- ticker: ASTH
- cik: 0001083446
- company_name: Astrana Health, Inc.
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083446/000110465925018221/0001104659-25-018221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083446/000110465925018221/tm257416d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-018221
- JSON: https://secwatch.observer/filing/0001104659-25-018221.json
- Plain text: https://secwatch.observer/filing/0001104659-25-018221.txt

## Key facts
- Debt Financings
  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
  source text: (c) a five-year delayed draw term loan credit facility to the Company of $745,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083446/000110465925018221/0001104659-25-018221-index.htm
- Debt Financings
  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
  source text: provides for (a) a five-year revolving credit facility to the Company of $300,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083446/000110465925018221/0001104659-25-018221-index.htm

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