secwatch.observer — SEC 8-K summary
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Issuer:     Astrana Health, Inc. (ASTH)
CIK:        0001083446
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001104659-25-018221
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083446/000110465925018221/0001104659-25-018221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083446/000110465925018221/tm257416d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-018221

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