Form 8-K · Current report
Universal Health Services 8-K, filed Jul 21, 2026
- Filed
- CIK
- 0000352915
- Accession no.
- 0001193125-26-310330
Summary
Universal Health Services entered into a twelfth amendment to its credit agreement on July 20, 2026, adding a $700 million incremental delayed draw tranche A term loan facility, with JPMorgan Chase Bank as administrative agent. The loan can be drawn from July 20 through September 30, 2026, matures 364 days after funding, and would be used for general corporate purposes including refinancing existing debt.
Key points
- The July 2026 delayed draw term loan has an aggregate principal amount of up to $700 million and does not amortize, with any outstanding amounts payable in full at maturity.
- Borrowings carry an applicable margin based on the company's consolidated net leverage ratio, initially 0.125% for ABR loans and 1.125% for term benchmark and RFR loans.
- The company is required to prepay the loan before maturity upon incurring certain borrowed money or issuing capital stock, subject to limited exceptions.
- Obligations under the senior secured credit facility are secured on an equal ratable basis with the company's 1.650% senior secured notes due 2026, 4.625% notes due 2029, 2.650% notes due 2030, 2.650% notes due 2032 and 5.050% notes due 2034.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement Senior Secured Credit Facility On July 20, 2026, Universal Health Services, Inc. (the “Company”) entered into a Twelfth Amendment and Increased Facility Activation Notice (the “Twelfth Amendment”) to its Credit Agreement, dated as of November 15, 2010 (as amended by the First Amendment dated as of March 15, 2011, the Second Amendment dated as of September 21, 2012, the Third Amendment dated as of May 16, 2013, the Fourth Amendment dated as of August 7, 2014, the Fifth Amendment dated as of June 7, 2016, the Sixth Amendment dated as of October 23, 2018, the Seventh Amendment dated as of August 24, 2021, the Eighth Amendment dated as of…
An excerpt of the text as filed with the SEC, cut for length.
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