secwatch.observer — SEC 8-K summary
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Issuer:     PACS Group, Inc. (PACS)
CIK:        0002001184
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0002001184-25-000079
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2001184/000200118425000079/0002001184-25-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2001184/000200118425000079/pacs-20251126.htm
  HTML page:      https://secwatch.observer/filing/0002001184-25-000079

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