Astrana Health Enters Material Definitive Agreement
Ticker: ASTH · Form: 8-K · Filed: May 21, 2024 · CIK: 1083446
| Field | Detail |
|---|---|
| Company | Astrana Health, INC. (ASTH) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Astrana Health just signed a big deal, new financial obligation incoming.
AI Summary
On May 20, 2024, Astrana Health, Inc. entered into a Material Definitive Agreement related to a direct financial obligation. The company, formerly known as Apollo Medical Holdings, Inc., filed an 8-K report detailing this obligation.
Why It Matters
This filing indicates a new financial commitment or obligation for Astrana Health, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk if not managed effectively.
Key Players & Entities
- Astrana Health, Inc. (company) — Registrant
- Apollo Medical Holdings, Inc. (company) — Former Company Name
- May 20, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by Astrana Health?
The filing indicates the agreement is related to a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 20, 2024.
What was Astrana Health's former company name?
Astrana Health, Inc. was formerly known as Apollo Medical Holdings, Inc.
In which state was Astrana Health incorporated?
Astrana Health, Inc. was incorporated in Delaware.
What is the business address of Astrana Health?
The business address is 1668 S. Garfield Avenue, 2nd Floor, Alhambra, CA 91801.
Filing Stats: 638 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-05-21 06:02:35
Filing Documents
- tm2414976d1_8k.htm (8-K) — 28KB
- tm2414976d1_ex10-1.htm (EX-10.1) — 47KB
- 0001104659-24-063598.txt ( ) — 253KB
- ameh-20240520.xsd (EX-101.SCH) — 3KB
- ameh-20240520_lab.xml (EX-101.LAB) — 33KB
- ameh-20240520_pre.xml (EX-101.PRE) — 22KB
- tm2414976d1_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On May 20, 2024, Astrana Health, Inc. (the "Company") entered into a Fourth Amendment to Amended and Restated Credit Agreement (the "Credit Agreement Amendment") with the banks and other financial institutions party thereto and Truist Bank, as administrative agent, which amends the Amended and Restated Credit Agreement, dated as of June 16, 2021, entered into among the Company, the lenders party thereto and Truist Bank, as administrative agent (as amended, the "Credit Agreement"). The Credit Agreement Amendment updates the letter of credit provisions in the Credit Agreement to provide the Company with the ability to have letters of credit issued under the Credit Agreement that extend beyond the maturity date of the Credit Agreement. The above description of the Credit Agreement Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Credit Agreement Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
03 Creation of a Direct
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this item.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Fourth Amendment to Amended and Restated Credit Agreement, dated as of May 20, 2024, by and among Astrana Health, Inc., as borrower, Astrana Health Management, Inc., as guarantor, the lenders party thereto, and Truist Bank, as administrative agent, issuing bank and the swingline lender. 104 Cover Page Interactive Data File (the cover page XBRL tags are 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. ASTRANA HEALTH, INC. Date: May 21, 2024 By: /s/ Brandon Sim Name: Brandon Sim Title: Chief Executive Officer and President