---
schema_version: "secwatch.filing_event.v1"
accession: "0001632970-23-000013"
form_type: "8-K"
ticker: "AHR"
cik: "0001632970"
company_name: "American Healthcare REIT, Inc."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T09:48:06.570695+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# American Healthcare REIT amends credit agreement, temporarily relaxing financial covenants

## Summary
- Consolidated Leverage Ratio raised to 65% through Q3 2023 (from 60%); reverts to 60% after Dec 2023.
- Fixed Charge Coverage Ratio reduced to 1.25x for FY2023, then steps up to 1.50x (H1 2024) and 1.75x (Q3 2024+).
- Unencumbered Interest Coverage Ratio lowered to 1.50x through Q3 2023, then 1.75x (Q4 2023) and 2.00x (Q1 2024+).
- Credit facility aggregate principal remains up to $1.05B; amendment fee of $7,500 per lender paid.

## SEC filing metadata
- accession: 0001632970-23-000013
- form_type: 8-K
- ticker: AHR
- cik: 0001632970
- company_name: American Healthcare REIT, Inc.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1632970/000163297023000013/0001632970-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1632970/000163297023000013/gahr-20230301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001632970-23-000013
- JSON: https://secwatch.observer/filing/0001632970-23-000013.json
- Plain text: https://secwatch.observer/filing/0001632970-23-000013.txt

## Key facts
- Debt Financings
  American Healthcare REIT, Inc. amended credit facility of up to $1,050,000,000 with Bank of America, N.A., as administrative agent.
  - Instrument: credit facility
  - Principal: up to $1,050,000,000
  - Counterparty: Bank of America, N.A., as administrative agent
  - Event: amendment
  source text: Credit Agreement, with Bank of America, N.A., or Bank of America, and the lenders named thereto, to obtain a credit facility with an aggregate maximum principal amount up to $1,050,000,000, or the 2022 Credit Facility. On March 1, 2023, we entered into an amendment to the 2022 Amended and Restated Credit Agreement, or the First Amendment, with Bank of America, as
  evidence_url: https://www.sec.gov/Archives/edgar/data/1632970/000163297023000013/0001632970-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.