Select Medical Holdings Corp. Enters Material Definitive Agreement
Ticker: SEM · Form: 8-K · Filed: Jul 17, 2024 · CIK: 1320414
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
SELECT MEDICAL HOLDINGS CORP just signed a big deal, could be debt or something else. Watch this.
AI Summary
Select Medical Holdings Corp. entered into a Material Definitive Agreement on July 11, 2024, related to a direct financial obligation. The company, incorporated in Delaware, filed this 8-K report on July 17, 2024, detailing the agreement and its financial implications.
Why It Matters
This filing indicates a significant financial commitment or obligation for Select Medical Holdings Corp., which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.
Key Players & Entities
- SELECT MEDICAL HOLDINGS CORP (company) — Registrant
- July 11, 2024 (date) — Date of earliest event reported
- July 17, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
FAQ
What type of Material Definitive Agreement was entered into by Select Medical Holdings Corp.?
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, but the specific details of the agreement are not provided in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on July 11, 2024.
What is the principal business address of Select Medical Holdings Corp.?
The principal business address is 4714 Gettysburg Road, P.O. Box 2034, Mechanicsburg, PA 17055.
What is the SIC code for Select Medical Holdings Corp.?
The Standard Industrial Classification (SIC) code is 8060, which corresponds to SERVICES-HOSPITALS.
What is the Commission File Number for Select Medical Holdings Corp.?
The Commission File Number is 001-34465.
Filing Stats: 1,880 words · 8 min read · ~6 pages · Grade level 13 · Accepted 2024-07-17 16:08:03
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share SEM New York Stock Exchange
- $650 million — r Corporation (the "Escrow Issuer"), of $650 million aggregate principal amount of 6.875% se
- $50 million — related indenture (the "Assumption"). $50 million of net proceeds from the offering will
Filing Documents
- tm2419644d1_8k.htm (8-K) — 43KB
- tm2419644d1_ex4-1.htm (EX-4.1) — 893KB
- tm2419644d1_ex10-1.htm (EX-10.1) — 225KB
- 0001104659-24-080552.txt ( ) — 1545KB
- sem-20240711.xsd (EX-101.SCH) — 3KB
- sem-20240711_lab.xml (EX-101.LAB) — 33KB
- sem-20240711_pre.xml (EX-101.PRE) — 22KB
- tm2419644d1_8k_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 Indenture, dated July 11, 2024, by and among the Escrow Issuer, the Issuer, and the Trustee. 4.2 Form of Note (included as Exhibits A1 and A2 to the Indenture filed herewith as Exhibit 4.1). 10.1 Escrow Agreement, dated July 11, 2024, by and among the Escrow Issuer, the Trustee and the Escrow Agent. 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorized. SELECT MEDICAL HOLDINGS CORPORATION Date: July 17, 2024 By: /s/ Michael E. Tarvin Michael E. Tarvin Executive Vice President, General Counsel and Secretary