Regional Health Properties enters forbearance on $5M USDA and $800K SBA notes through Feb 2027

REGIONAL HEALTH PROPERTIES, INC

Forbearance period runs to Feb 1, 2027; monthly payments resumed per original note terms.
One-time forbearance payment of $40,435 and $6,764 USDA renewal fee due by Feb 27, 2026.
Outstanding USDA note balance at least $3,349,747 principal plus $14,597 interest, $36,133 late fees, $336,459 attorneys' fees as of Feb 20, 2026.
Loan parties intend to pursue refinancing to pay off notes in full during forbearance period.
Defaults from missed payments June–Nov 2024 triggered acceleration; second forbearance replaces expired first forbearance.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

REGIONAL HEALTH PROPERTIES, INC entered into Forbearance Agreements with Cadence Bank, N.A. (effective 2026-02-01).

Action: entry
Agreement: credit facility
Counterparty: Cadence Bank, N.A.
Effective: 2026-02-01

Exact text from the filing

O n February 27, 2026, Regional Health Properties, Inc. (the “Company”) and Erin Property Holdings, LLC (the “Borrower”) entered into two Forbearance Agreements with effective dates of February 1, 2026 (the “Forbearance Agreements”) with Cadence Bank, N.A. (the “Lender”) relating to certain defaults by the Company and the Borrower under the loan agreements in the principal amount of $5,000,000 due on July 27, 2036 (the “USDA Note”) and the principal amount of $800,000 due on July 27, 2036 (the “SBA Note”

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Source: SEC EDGAR

accession 0001193125-26-090333

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