AdaptHealth Corp. Enters Material Definitive Agreement

TL;DR

AdaptHealth just signed a big deal, could mean new debt or financing.

AI Summary

On September 13, 2024, AdaptHealth Corp. entered into a material definitive agreement related to a direct financial obligation. The company, formerly known as DFB Healthcare Acquisitions Corp., is incorporated in Delaware and operates in the home health care services sector.

Why It Matters

This filing indicates a significant financial transaction or obligation for AdaptHealth Corp., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• AdaptHealth Corp. (company) — Registrant
• DFB Healthcare Acquisitions Corp. (company) — Former company name
• September 13, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — registered Common Stock, par value $0.0001 per share AHCO The Nasdaq Stock Mar
• $450.0 million — itments under the Credit Agreement from $450.0 million to $300.0 million, (ii) extends the mat
• $300.0 m — Credit Agreement from $450.0 million to $300.0 million, (ii) extends the maturity date o

Filing Documents

• tm2424076d1_8k.htm (8-K) — 31KB
• tm2424076d1_ex10-1.htm (EX-10.1) — 1462KB
• tm2424076d1_ex99-1.htm (EX-99.1) — 8KB
• 0001104659-24-100033.txt ( ) — 1960KB
• ahco-20240913.xsd (EX-101.SCH) — 3KB
• ahco-20240913_lab.xml (EX-101.LAB) — 33KB
• ahco-20240913_pre.xml (EX-101.PRE) — 22KB
• tm2424076d1_8k_htm.xml (XML) — 4KB

01. Entry Into A Material Definitive Agreement

Item 1.01. Entry Into A Material Definitive Agreement. The information set forth in Item 2.03 of this report is incorporated herein by reference.

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of the Registrant. On September 13, 2024, AdaptHealth LLC, a Delaware limited liability company (the "Borrower") and wholly owned indirect subsidiary of AdaptHealth Corp. (the "Company"), AdaptHealth Intermediate Holdco LLC, a Delaware limited liability company and the Borrower's direct parent, certain subsidiaries of the Borrower named therein, the lenders party thereto and Regions Bank, as administrative agent ("Regions Bank"), entered into that certain Fourth Amendment to Credit Agreement (the "Fourth Amendment"), which amended the Borrower's existing Credit Agreement, dated as of January 20, 2021 (as previously amended, the "Credit Agreement"), by and among the Borrower, the guarantors party thereto from time to time, the lenders party thereto from time to time, and Regions Bank , as administrative agent and collateral agent. The Fourth Amendment, among other things, (i) reduces the aggregate revolving credit commitments under the Credit Agreement from $450.0 million to $300.0 million, (ii) extends the maturity date of the revolving credit facility and the term loan facility to September 13, 2029 (in either case, subject to an earlier springing maturity date based on the Borrower's 2028 Senior Notes and 2029 Senior Notes), and (iii) provides for certain other amendments. Except as amended by the Fourth Amendment, the terms of the Credit Agreement remain in full force and effect. The foregoing description of the Fourth Amendment is qualified in its entirety by reference to the full text of the Fourth Amendment, which is attached as Exhibit 10.1 hereto and incorporated by reference herein.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure The Company issued a press release earlier today announcing the entry into the Fourth Amendment, as described in Items 1.01 and 2.03 above. A copy of the press release is furnished as Exhibit 99.1. The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1 Fourth Amendment, dated as of September 13, 2024, to the Credit Agreement, dated as of January 20, 2021, among AdaptHealth LLC, the guarantors named therein, Regions Bank, as administrative agent and collateral agent and the lenders party thereto. 99.1 Press Release dated September 16, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) - 2 - SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: September 16, 2024 AdaptHealth Corp. By: /s/Jonathan B. Bush Name: Jonathan B. Bush Title: General Counsel - 3 -

View Full Filing

View this 8-K filing on SEC EDGAR