secwatch.observer — SEC 8-K summary
======================================

Issuer:     Enhabit, Inc. (EHAB)
CIK:        0001803737
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001803737-23-000150
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803737/000180373723000150/0001803737-23-000150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803737/000180373723000150/ehab-20230929.htm
  HTML page:      https://secwatch.observer/filing/0001803737-23-000150

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