---
schema_version: "secwatch.filing_event.v1"
accession: "0001803737-23-000150"
form_type: "8-K"
ticker: "EHAB"
cik: "0001803737"
company_name: "Enhabit, Inc."
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:28:49.329771+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Enhabit obtains covenant waiver for Q3 2023; revolver cut to $230M

## Summary
- Limited Waiver exempts compliance with Total Net Leverage Ratio and Interest Coverage Ratio as of Sept 30, 2023 test date.
- Revolving loan capacity reduced from $350M to $230M until financial covenant compliance is certified.
- Each consenting lender receives a fee of 0.05% of their revolving commitment and outstanding term loans.
- Enhabit represents no Default or Event of Default exists as of the waiver effective date.

## SEC filing metadata
- accession: 0001803737-23-000150
- form_type: 8-K
- ticker: EHAB
- cik: 0001803737
- company_name: Enhabit, Inc.
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803737/000180373723000150/0001803737-23-000150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803737/000180373723000150/ehab-20230929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803737-23-000150
- JSON: https://secwatch.observer/filing/0001803737-23-000150.json
- Plain text: https://secwatch.observer/filing/0001803737-23-000150.txt

## Key facts
- Material Agreements
  Enhabit, Inc. entered into Limited Waiver with Wells Fargo Bank, National Association, as administrative agent valued at $350,000,000 to $230,000,000 (effective 2023-09-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent
  - Value: $350,000,000 to $230,000,000
  - Effective: 2023-09-29
  source text: On September 29, 2023, Enhabit, Inc. (the “Company” or “Enhabit”), entered into a Limited Waiver (the “Waiver”) with Wells Fargo Bank, National Association, as administrative agent to the other lenders (the “Administrative Agent”) under its Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803737/000180373723000150/0001803737-23-000150-index.htm

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