secwatch.observer — SEC 8-K summary
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Issuer:     U S PHYSICAL THERAPY INC /NV (USPH)
CIK:        0000885978
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001140361-23-026687
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USPH prices $150M public offering of 1.67M shares at $90.00 per share to repay revolver
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- Offering of 1,666,667 shares at $90.00/share; gross proceeds ~$150M.
- Underwriters have 30-day option to purchase up to 250,000 additional shares.
- Net proceeds to repay a portion of revolving credit facility, plus general corporate purposes, acquisitions, capex, working capital, dividends.
- Joint bookrunners: BofA Securities and J.P. Morgan; Jefferies as bookrunner; co-managers include Regions, Barrington, CJS.
- Expected to close May 30, 2023, subject to customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885978/000114036123026687/0001140361-23-026687-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885978/000114036123026687/ny20009213x3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-026687

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