secwatch.observer — SEC 8-K summary
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Issuer:     ENSIGN GROUP, INC (ENSG)
CIK:        0001125376
Form:       8-K
Filed at:   2022-04-12T23:59:59+00:00
Accession:  0001125376-22-000060
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ensign Group upsizes credit facility by $250M to $600M, extends maturity to 2027
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- Total facility increased to $600M from $350M; maturity extended to April 8, 2027.
- Includes a $400M incremental expansion option for future growth.
- Borrowings at base rate +0.25%-1.25% or SOFR +1.25%-2.25% based on leverage ratio.
- Proceeds to fund acquisitions, facility upgrades, and working capital.
- Lending consortium arranged by Truist Securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1125376/000112537622000060/0001125376-22-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1125376/000112537622000060/ensg-20220408.htm
  HTML page:      https://secwatch.observer/filing/0001125376-22-000060

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