Aveanna Healthcare Holdings Enters Material Definitive Agreement

TL;DR

Aveanna Healthcare just signed a big deal, filing an 8-K on 5/31.

AI Summary

On May 31, 2024, Aveanna Healthcare Holdings Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company is headquartered in Atlanta, Georgia.

Why It Matters

This filing indicates a significant new agreement for Aveanna Healthcare, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities that may affect the company's financial stability and market position.

Key Players & Entities

• Aveanna Healthcare Holdings Inc. (company) — Registrant
• May 31, 2024 (date) — Date of earliest event reported
• Atlanta, Georgia (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share AVAH The Nasdaq Global Se
• $225.0 m — ncrease the maximum amount available to $225.0 million, subject to maintaining certain b

Filing Documents

• avah-20240531.htm (8-K) — 40KB
• avah-ex10_1.htm (EX-10.1) — 1242KB
• img24672180_0.jpg (GRAPHIC) — 42KB
• 0000950170-24-069243.txt ( ) — 1656KB
• avah-20240531.xsd (EX-101.SCH) — 23KB
• avah-20240531_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On May 31, 2024, Aveanna Healthcare LLC and Aveanna SPV I, LLC (collectively, the "Loan Parties"), each of which is a wholly owned subsidiary of Aveanna Healthcare Holdings Inc., a Delaware corporation (the "Company"), entered into a fourth amendment (the "Fourth Amendment") to the Loan Parties' Receivables Financing Agreement (the "Securitization Facility") with a bank. The Fourth Amendment amended the Securitization Facility to increase the maximum amount available to $225.0 million, subject to maintaining certain borrowing base requirements. All borrowings under this facility will continue to carry variable interest rates tied to the Secured Overnight Financing Rate ("SOFR") plus an applicable margin. The foregoing description of the Fourth Amendment is only a summary and is qualified in its entirety by reference to the full text of the Fourth Amendment and the complete text of the Securitization Facility, as amended by the Fourth Amendment, which are filed together as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Fourth Amendment to the Receivables Financing Agreement, dated May 31, 2024, by and among, Aveanna SPV I, LLC, Aveanna Healthcare LLC, and a bank 104 Cover Page Interactive Data File (formatted as Inline XBRL)

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. Aveanna Healthcare Holdings Inc. Date: June 5, 2024 By: /s/ Matthew Buckhalter Matthew Buckhalter Chief Financial Officer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR