ATI Physical Therapy, Inc.: debt financing — ATI Physical Therapy closes $26M 8% second lien PIK convertible note; conversion at $1.35 per share

On March 3, 2025 (the “ Closing Date ”), the Company, Wilco, Holdings, Opco, the subsidiary guarantors party thereto, the Purchasers party thereto (in such capacity, the “ Fourth Amendment Purchasers ”) and the Purchaser Representative, entered into the Fourth Amendment to the Note Purchase Agreement (the “ Fourth Amendment ” and together with the Original Note Purchase Agreement, the “ Note Purchase Agreement ”), pursuant to which the Company issued to the Fourth Amendment Purchasers new second lien PIK convertible notes in aggregate principal amount of $26 million (the “ Fourth Amendment Notes ”). The Fourth Amendment Notes were funded on the Closing Date. The Fourth Amendment Notes will mature on August 24, 2028 and will bear interest at a rate of 8% per annum, payable quarterly in-kind in the form of additional Fourth Amendment Notes by capitalizing the amount of such interest on the outstanding principal balance of the Fourth Amendment Notes in arrears on each interest payment dat