---
schema_version: "secwatch.filing_event.v1"
accession: "0001766400-23-000073"
form_type: "8-K"
ticker: "PNTG"
cik: "0001766400"
company_name: "Pennant Group, Inc."
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T03:05:31.969872+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Pennant Group amends credit agreement to replace LIBOR with SOFR-based rates

## Summary
- Second Amendment to Credit Agreement replaces LIBOR-based rates with SOFR-based rates for the $150M revolving facility, effective June 12, 2023.
- Interest rates now base rate plus 1.25-2.25% or adjusted SOFR plus 2.25-3.25%, depending on leverage ratio.
- No change to financial covenants, borrowing limits, or other terms; aggregate commitment remains $150 million.

## SEC filing metadata
- accession: 0001766400-23-000073
- form_type: 8-K
- ticker: PNTG
- cik: 0001766400
- company_name: Pennant Group, Inc.
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766400/000176640023000073/0001766400-23-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766400/000176640023000073/pntg-20230612.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001766400-23-000073
- JSON: https://secwatch.observer/filing/0001766400-23-000073.json
- Plain text: https://secwatch.observer/filing/0001766400-23-000073.txt

## Key facts
- Material Agreements
  Pennant Group, Inc. amended Second Amendment to Credit Agreement with Truist Bank as administrative agent and certain banks as additional lenders (effective 2023-06-12).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Truist Bank as administrative agent and certain banks as additional lenders
  - Effective: 2023-06-12
  source text: On June 12, 2023 The Pennant Group, Inc. (“Pennant” or the “Company”) entered into the Second Amendment to Credit Agreement (the “Amendment”) with Truist Bank as administrative agent and certain banks as additional lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766400/000176640023000073/0001766400-23-000073-index.htm

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