Community Healthcare Trust Inc. Enters Material Definitive Agreement

TL;DR

CHT just signed a big deal, could affect their finances.

AI Summary

On October 16, 2024, Community Healthcare Trust Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Maryland, filed this 8-K report to disclose this event. Specific details of the agreement, including financial terms and parties involved, are not fully elaborated in the provided text but are indicated as a material event.

Why It Matters

This filing indicates a significant financial event for Community Healthcare Trust Inc., potentially impacting its financial obligations 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

• Community Healthcare Trust Inc. (company) — Registrant
• October 16, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common stock, $0.01 par value per share CHCT New York S
• $150.0 million — acility (the "Revolving Facility") from $150.0 million to $400.0 million; (ii) extend the matu
• $400.0 million — lving Facility") from $150.0 million to $400.0 million; (ii) extend the maturity date of the R
• $75.0 million — ty in the aggregate principal amount of $75.0 million (the "A-3 Term Loan"), which was schedu
• $123.0 million — ch 29, 2026. In addition, approximately $123.0 million that was outstanding under the Revolvin
• $875.0 m — w, through the accordion feature, up to $875.0 million, including the ability to add and
• $125.0 million — ty in the aggregate principal amount of $125.0 million (the "A-4 Term Loan"), which will matur
• $200.0 million — rs under the Credit Agreement, of up to $200.0 million. As amended by the Second Amendment,

Filing Documents

• tm2426174d1_8k.htm (8-K) — 36KB
• tm2426174d1_ex10-1.htm (EX-10.1) — 1032KB
• tm2426174d1_ex99-1.htm (EX-99.1) — 10KB
• 0001104659-24-109219.txt ( ) — 1462KB
• chct-20241016.xsd (EX-101.SCH) — 3KB
• chct-20241016_lab.xml (EX-101.LAB) — 33KB
• chct-20241016_pre.xml (EX-101.PRE) — 22KB
• tm2426174d1_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. On October 16, 2024, Community Healthcare Trust Incorporated (the "Company"), as borrower, entered into a second amendment (the "Second Amendment") to the third amended and restated credit agreement (the "Credit Agreement") with a syndicate of lenders, under which Truist Bank serves as administrative agent. The Second Amendment is described in further detail in Item 2.03 below. The summary of the Second Amendment contained herein does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amendment, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1.

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information reported under

01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03

Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03. The Second Amendment amends the Credit Agreement to, among other things, (i) increase the aggregate principal amount of the revolving credit facility (the "Revolving Facility") from $150.0 million to $400.0 million; (ii) extend the maturity date of the Revolving Facility from March 19, 2026 to October 16, 2029; and (iii) decrease the interest rate payable on the Revolving Facility by 10 to 30 basis points, depending on the Company's leverage ratio. Proceeds from the increased Revolving Facility were used to repay the existing seven-year term loan facility in the aggregate principal amount of $75.0 million (the "A-3 Term Loan"), which was scheduled to mature on March 29, 2026. In addition, approximately $123.0 million that was outstanding under the Revolving Facility prior to October 16, 2024 will remain outstanding under the Revolving Facility pursuant to the Second Amendment. As amended by the Second Amendment, the Credit Agreement allows the Company to borrow, through the accordion feature, up to $875.0 million, including the ability to add and fund incremental term loans, and includes the following (the "Credit Facility"): (i) the $400.0 million Revolving Facility, which will mature on October 16, 2029; (ii) the existing seven-year term loan facility in the aggregate principal amount of $125.0 million (the "A-4 Term Loan"), which will mature on March 19, 2028; (iii) the existing seven-year and three-month term loan facility in the aggregate principal amount of $150.0 million (the "A-5 Term Loan"), which will mature on March 14, 2030; and (iv) an accordion feature that provides the Company with additional capacity, subject to the satisfaction of customary terms and conditions, including obtaining additional commitments from the lenders under the Credit Agreement, of up to $200.0 million. As amended by the Second Amendment, amounts outstanding under the Rev

01

Item 7.01 Regulation FD Disclosure. On October 16, 2024, the Company issued a press release announcing the amendments to the Revolving Facility. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety. This information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibits 10.1 Second Amendment, dated as of October 16, 2024, to Third Amended and Restated Credit Agreement, dated as of March 19, 2021, by and among Community Healthcare Trust Incorporated, as borrower, the several banks and financial institutions party thereto as lenders, and Truist Bank, as administrative agent 99.1 Press release dated October 16, 2024 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. COMMUNITY HEALTHCARE TRUST INCORPORATED Date: October 16, 2024 By: /s/ William G. Monroe IV Name: William G. Monroe IV Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR