secwatch.observer — SEC 8-K summary
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Issuer:     ACCENDRA HEALTH INC/VA/ (ACH)
CIK:        0000075252
Form:       8-K
Filed at:   2026-06-15T20:15:40+00:00
Accession:  0001193125-26-271115
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accendra Health exchanges nearly all outstanding notes for new secured notes at 9%-9.75% rates
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- Approximately 99.9% of 2029 Notes ($478.3M) and 99.2% of 2030 Notes ($547.9M) tendered and accepted early.
- Issued $539.25M of 9.000% Senior Secured First Lien Notes due 2032 and $698.0M of 9.75% Senior Secured Second Lien Notes due 2033.
- Also issued $326.25M of new money First Lien Notes; entered into new $300M revolving credit facility due 2030.
- Outstanding Existing Notes reduced to $363,000 of 2029 Notes and $4.257M of 2030 Notes after cancellation.
- Amendments adopted to eliminate most covenants and modify defeasance provisions; credit agreement covenants tightened (leverage <5.5x).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75252/000119312526271115/0001193125-26-271115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75252/000119312526271115/d100115d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-271115

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