---
schema_version: "secwatch.filing_event.v1"
accession: "0001803737-23-000110"
form_type: "8-K"
ticker: "EHAB"
cik: "0001803737"
company_name: "Enhabit, Inc."
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:39:27.878365+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Enhabit amends credit agreement to raise leverage caps and restrict dividends

## Summary
- Maximum Total Net Leverage Ratio raised to 5.25x through Dec 2023, stepping to 4.50x by Sep 2024.
- New pricing tier added for leverage >4.50x: SOFR margin +2.25%, ABR margin +1.25%.
- Restricted payments prohibited before July 1, 2024 unless pro forma leverage ≤4.00x.
- Incremental facility ratio condition modified; step-up election available for material acquisitions.
- No restricted payments allowed until July 2024 except to borrower/subs or if leverage ≤4.00x.

## SEC filing metadata
- accession: 0001803737-23-000110
- form_type: 8-K
- ticker: EHAB
- cik: 0001803737
- company_name: Enhabit, Inc.
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803737/000180373723000110/0001803737-23-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803737/000180373723000110/ehab-20230627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803737-23-000110
- JSON: https://secwatch.observer/filing/0001803737-23-000110.json
- Plain text: https://secwatch.observer/filing/0001803737-23-000110.txt

## Key facts
- Material Agreements
  Enhabit, Inc. amended Amendment with Wells Fargo Bank, National Association, as administrative agent, collateral agent, and swingline lender, and other lenders party thereto (effective 2023-06-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent, collateral agent, and swingline lender, and other lenders party thereto
  - Effective: 2023-06-27
  source text: On June 27, 2023, Enhabit, Inc. (the “Company”) entered into an Amendment (the “Amendment”) to the Credit Agreement, dated as of June 1, 2022, among the Company, Wells Fargo Bank, National Association, as administrative agent, collateral agent, and swingline lender, and other lenders party thereto (such credit agreement, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803737/000180373723000110/0001803737-23-000110-index.htm

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