PACS Group Inc.
11/15/2024 | Press release | Distributed by Public on 11/15/2024 16:07
Material Agreement Form 8 K
Item 1.01 Entry into a Material Definitive Agreement.
On November 14, 2024, PACS Group, Inc. (the "Company") and its wholly-owned subsidiary, PACS Holdings, LLC (the "Borrower"), entered into an amendment (the "Amendment") to the Amended and Restated Credit Agreement, dated December 7, 2023, with Truist Bank (the "Administrative Agent") and the lenders party thereto (the "Lenders").
The Amendment modifies the affirmative covenant requiring the Borrower to deliver unaudited quarterly financial statements to the Administrative Agent (for distribution to the Lenders) within 45 days of the end of a fiscal quarter. Pursuant to the Amendment, the Borrower must deliver unaudited financial statements for the fiscal quarter ended September 30, 2024 within 52 days of the end of such fiscal quarter, which delivery date may be further extended by written agreement (which may be by e-mail) with the Administrative Agent or certain Lenders, as applicable.
The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.