secwatch.observer — SEC 8-K summary
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Issuer:     American Healthcare REIT, Inc. (AHR)
CIK:        0001632970
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001632970-23-000013
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Healthcare REIT amends credit agreement, temporarily relaxing financial covenants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1632970/000163297023000013/0001632970-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1632970/000163297023000013/gahr-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001632970-23-000013

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