PACS Group enters into Sixth Amendment to credit agreement, waiving defaults and modifying cash covenant

PACS Group, Inc.

Sixth Amendment waives all previously identified events of default under forbearance agreement dated Oct. 21, 2025.
Minimum liquidity covenant requiring $100M cash applies only until delivery of Q2 2026 financial statements.
Company transferred stock of certain subsidiaries to IntermediateCo and dissolved others as per amendment.
Paid amendment fee of 0.15% of aggregate Revolving Commitments to lenders signing the agreement.
Also obtained waiver of all existing defaults under Omega Master Lease dated June 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PACS Group, Inc. amended Sixth Amendment with PACS Holdings, LLC, Truist Bank, and the lenders party thereto (effective 2025-11-26).

Action: amendment
Agreement: credit facility
Counterparty: PACS Holdings, LLC, Truist Bank, and the lenders party thereto
Effective: 2025-11-26

Exact text from the filing

On November 26, 2025, PACS Group, Inc. (the “Company”) and PACS Holdings, LLC (the “Borrower”) entered into an amendment (the “Sixth Amendment”) to the Amended and Restated Credit Agreement, dated as of December 7, 2023, by and among the Company, the Borrower, Truist Bank (the “Administrative Agent”) and the lenders party thereto.

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PACS Group, Inc. filing history →

Source: SEC EDGAR

accession 0002001184-25-000079

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