secwatch.observer — SEC 8-K summary
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Issuer:     Pennant Group, Inc. (PNTG)
CIK:        0001766400
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0001766400-23-000073
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766400/000176640023000073/0001766400-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766400/000176640023000073/pntg-20230612.htm
  HTML page:      https://secwatch.observer/filing/0001766400-23-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer