Universal Health Services entered into a Twelfth Amendment to its Credit Agreement to add a new senior secured incremental delayed-draw term loan facility of up to $700 million. The loan can be drawn from Jul 20, 2026 through Sep 30, 2026, matures 364 days after funding, and does not amortize. Initial pricing is 0.125% over ABR or 1.125% over term benchmark/RFR, subject to leverage-based adjustments. Proceeds, if drawn, will be used for general corporate purposes, including refinancing, and the obligations are secured pari passu with the company’s existing senior secured notes.
Agreement details:
- Agreement type: Senior secured incremental delayed-draw term loan facility (Tranche A)
- Counterparty: JPMorgan Chase Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jul 20 2026 / Jul 20 2026
- Duration / Termination: 364 days from funding
- Reason: Enhance liquidity and refinance debt
Original SEC Filing:
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