---
schema_version: "secwatch.filing_event.v1"
accession: "0002001184-25-000079"
form_type: "8-K"
ticker: "PACS"
cik: "0002001184"
company_name: "PACS Group, Inc."
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T15:56:46.556901+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0002001184-25-000079
- form_type: 8-K
- ticker: PACS
- cik: 0002001184
- company_name: PACS Group, Inc.
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2001184/000200118425000079/0002001184-25-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2001184/000200118425000079/pacs-20251126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002001184-25-000079
- JSON: https://secwatch.observer/filing/0002001184-25-000079.json
- Plain text: https://secwatch.observer/filing/0002001184-25-000079.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2001184/000200118425000079/0002001184-25-000079-index.htm

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