American Healthcare REIT Enters Material Agreement, New Financial Obligation

Ticker: AHR · Form: 8-K · Filed: Feb 21, 2024 · CIK: 1632970

American Healthcare Reit, Inc. 8-K Filing Summary
FieldDetail
CompanyAmerican Healthcare Reit, Inc. (AHR)
Form Type8-K
Filed DateFeb 21, 2024
Risk Levelmedium
Pages6
Reading Time7 min
Key Dollar Amounts$0.01, $630,000,000, $150,000,000, $480,000,000, $1,050,000,000
Sentimentneutral

Sentiment: neutral

Topics: debt, material-agreement, financial-obligation

TL;DR

**AHR just took on new debt or a big financial agreement, watch for details!**

AI Summary

American Healthcare REIT, Inc. filed an 8-K on February 21, 2024, reporting an event on February 14, 2024. The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. This suggests the company has undertaken new financial commitments or agreements.

Why It Matters

This filing signals new financial commitments for American Healthcare REIT, which could impact its balance sheet, future cash flow, and overall financial health.

Risk Assessment

Risk Level: medium — The filing indicates new financial obligations without specific details, which could introduce unknown risks or opportunities.

Key Players & Entities

  • American Healthcare REIT, Inc. (company) — Registrant
  • February 14, 2024 (date) — Date of earliest event reported
  • February 21, 2024 (date) — Filing date
  • Maryland (company) — State of incorporation

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on February 14, 2024.

What type of events did American Healthcare REIT, Inc. report in this 8-K?

American Healthcare REIT, Inc. reported the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.

When was this 8-K filed with the SEC?

This 8-K was filed with the SEC on February 21, 2024.

What is the full name of the registrant as specified in its charter?

The exact name of the registrant as specified in its charter is American Healthcare REIT, Inc.

In which state is American Healthcare REIT, Inc. incorporated?

American Healthcare REIT, Inc. is incorporated in Maryland.

Filing Stats: 1,793 words · 7 min read · ~6 pages · Grade level 13.8 · Accepted 2024-02-21 16:09:18

Key Financial Figures

  • $0.01 — ange on which registered Common Stock, $0.01 par value per share AHR New York Stock
  • $630,000,000 — n aggregate maximum principal amount of $630,000,000, or the 2019 Corporate Line of Credit.
  • $150,000,000 — edit facility in an aggregate amount of $150,000,000 and a senior unsecured term loan facili
  • $480,000,000 — loan facility in an aggregate amount of $480,000,000. On January 19, 2022, we entered into a
  • $1,050,000,000 — ggregate maximum principal amount up to $1,050,000,000, or the 2022 Credit Facility. The 2022
  • $500,000,000 — lity in the initial aggregate amount of $500,000,000 and a senior unsecured term loan facili
  • $550,000,000 — lity in the initial aggregate amount of $550,000,000. On February 14, 2024, we, through th
  • $1,150,000,000 — ggregate maximum principal amount up to $1,150,000,000, or the 2024 Credit Facility. The 2024
  • $600,000,000 — lity in the initial aggregate amount of $600,000,000 and a senior unsecured term loan facili

Filing Documents

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement. The information reported in Item 2.03 of this Current Report on Form 8-K is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Second Amendment and Restatement to Credit Facilities As previously reported, on January 25, 2019, we, through American Healthcare REIT Holdings, LP, or the Operating Partnership, formally known as Griffin-American Healthcare REIT III Holdings, LP, its parent, formally known as Griffin-American Healthcare REIT IV, Inc., as successor by merger with Griffin-American Healthcare REIT III, Inc., and certain of our subsidiaries, entered into a credit agreement, or the 2019 Corporate Credit Agreement, with Bank of America, N.A., or Bank of America; KeyBank, National Association, or KeyBank; Citizens Bank, National Association, or Citizens Bank; and a syndicate of other banks, as lenders, to obtain a credit facility with an aggregate maximum principal amount of $630,000,000, or the 2019 Corporate Line of Credit. The 2019 Corporate Line of Credit initially consisted of a senior unsecured revolving credit facility in an aggregate amount of $150,000,000 and a senior unsecured term loan facility in an aggregate amount of $480,000,000. On January 19, 2022, we entered into an agreement, or the 2022 Credit Agreement, that amended, restated, superseded and replaced the 2019 Corporate Credit Agreement to provide for a credit facility with an aggregate maximum principal amount up to $1,050,000,000, or the 2022 Credit Facility. The 2022 Credit Facility consisted of a senior unsecured revolving credit facility in the initial aggregate amount of $500,000,000 and a senior unsecured term loan facility in the initial aggregate amount of $550,000,000. On February 14, 2024, we, through the Operating Partnership, as borrower, certain of our subsidiaries, or the subsidiary guarantors, and our company

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On February 21, 2024, we issued a press release announcing the 2024 Credit Facility and additional recent developments. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein solely for purposes of this Item 7.01 disclosure. The information furnished under this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Second Amended and Restated Credit Agreement, dated February 14, 2024, by and among American Healthcare REIT Holdings, LP, American Healthcare REIT, Inc., and certain subsidiaries and Bank of America, N.A., KeyBank, National Association, Citizens Bank, National Association, Bank of the West, Barclays Banks PLC, Credit Agricole Corporate and Investment Bank, Fifth Third Bank, National Association, Morgan Stanley Bank, N.A., Truist Bank, Regions Bank, Royal Bank of Canada, KeyBanc Capital Markets and BofA Securities, Inc. 99.1 Press release, dated February 21, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES 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. American Healthcare REIT, Inc. February 21, 2024 By: /s/ Danny Prosky Name: Danny Prosky Title: Chief Executive Officer and President

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