secwatch.observer — SEC 8-K summary
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Issuer:     ACCENDRA HEALTH INC/VA/ (ACH)
CIK:        0000075252
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001193125-24-241069
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owens & Minor enters $450M receivables sale facility with PNC; replaces 2020 agreement
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- Up to $450M of accounts receivable sold on a limited-recourse basis; proceeds for general corporate purposes.
- Facility amends and restates the prior receivables financing agreement dated February 19, 2020.
- Scheduled termination date is October 2027; off-balance-sheet treatment under ASC 860.
- PNC Bank serves as Administrative Agent; PNC Capital Markets as Structuring Agent.
- Owens & Minor retains servicing duties but holds no beneficial interest in sold receivables.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75252/000119312524241069/0001193125-24-241069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75252/000119312524241069/d859215d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-241069

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