Universal Health Services Enters Material Definitive Agreement
Ticker: UHS · Form: 8-K · Filed: Oct 1, 2024 · CIK: 352915
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
UHS just signed a big financial deal, details to come.
AI Summary
On September 26, 2024, Universal Health Services, Inc. entered into a material definitive agreement related to a direct financial obligation. The filing does not specify the exact nature of the agreement or any associated dollar amounts, but it indicates a significant financial event for the company.
Why It Matters
This filing signals a new financial commitment or obligation for Universal Health Services, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial risks or opportunities that are not yet fully disclosed.
Key Players & Entities
- UNIVERSAL HEALTH SERVICES, INC. (company) — Registrant
- September 26, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Universal Health Services, Inc. on September 26, 2024?
The filing states that Universal Health Services, Inc. entered into a material definitive agreement, but the specific details of this agreement are not provided in this 8-K filing.
What type of direct financial obligation or off-balance sheet arrangement is being reported?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant, but the specifics are not detailed in this document.
Are there any specific dollar amounts associated with this material definitive agreement?
This 8-K filing does not disclose specific dollar amounts related to the material definitive agreement or the financial obligation.
What are the key exhibits filed with this 8-K report?
The filing lists 'Financial Statements and Exhibits' as an item information, but the specific exhibits are not detailed within the provided text.
Where is Universal Health Services, Inc. headquartered?
Universal Health Services, Inc. is headquartered at Universal Corporate Center, 367 South Gulph Road, King of Prussia, Pennsylvania 19406.
Filing Stats: 3,409 words · 14 min read · ~11 pages · Grade level 13.7 · Accepted 2024-10-01 08:31:30
Key Financial Figures
- $500,000,000 — ), completed the public offering of (i) $500,000,000 aggregate principal amount of its 4.625
- $1.3 billion — new revolving credit facility of up to $1.3 billion and a new replacement tranche "A" term
- $1.2 billion — tranche "A" term loan facility of up to $1.2 billion (collectively, the "Senior Secured Cred
- $1.3 b — lving facility in the initial amount of $1.3 billion, available on a revolving basis c
- $125 million — the revolving facility not in excess of $125 million is available beginning on September 26,
- $75 million — the revolving facility not in excess of $75 million is available for swingline loans from t
- $1.2 b — m loan facility, in the amount of up to $1.2 billion, will mature on September 26, 202
- $2,199 million — cility, to repay all of the outstanding $2,199 million aggregate principal amount of the tranc
Filing Documents
- d895626d8k.htm (8-K) — 56KB
- d895626dex41.htm (EX-4.1) — 734KB
- d895626dex42.htm (EX-4.2) — 320KB
- d895626dex45.htm (EX-4.5) — 202KB
- d895626dex51.htm (EX-5.1) — 94KB
- d895626dex52.htm (EX-5.2) — 82KB
- d895626dex101.htm (EX-10.1) — 921KB
- g895626dsp026.jpg (GRAPHIC) — 13KB
- g895626dsp327.jpg (GRAPHIC) — 8KB
- 0001193125-24-229561.txt ( ) — 2955KB
- uhs-20240926.xsd (EX-101.SCH) — 3KB
- uhs-20240926_lab.xml (EX-101.LAB) — 18KB
- uhs-20240926_pre.xml (EX-101.PRE) — 11KB
- d895626d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. Exhibit No. Exhibit Description 4.1 Indenture, dated as of September 26, 2024, among the Issuer, the Subsidiary Guarantors party thereto, U.S. Bank Trust Company, National Association, as trustee, and JPMorgan Chase Bank, N.A., as collateral agent. 4.2 First Supplemental Indenture, dated as of September 26, 2024, among the Issuer, the Subsidiary Guarantors party thereto, U.S. Bank Trust Company, National Association, as trustee, and JPMorgan Chase Bank, N.A., as collateral agent, to the indenture, dated as of September 26, 2024, governing the Issuer's 4.625% Senior Secured Notes due 2029 and the Issuer's 5.050% Senior Secured Notes due 2034. 4.3 Form of Global Note representing the 2029 Notes (included in Exhibit 4.2) 4.4 Form of Global Note representing the 2034 Notes (included in Exhibit 4.2) 4.5 Additional Authorized Representative Joinder Agreement, dated as of September 26, 2024, among U.S. Bank Trust Company, National Association, as trustee and additional authorized representative for the holders of the Notes, the Issuer, the Subsidiary Guarantors party thereto, and JPMorgan Chase Bank, N.A., as collateral agent and administrative agent. 5.1 Opinion of Norton Rose Fulbright LLP 5.2 Opinion of Matthew D. Klein 10.1 Tenth Amendment, dated as of September 26, 2024, to Credit Agreement, dated as of November 15, 2010 and as amended and restated as of September 21, 2012, August 7, 2014, October 23, 2018, August 21, 2021, September 10, 2021, June 23, 2022 and September 26, 2024, among the Issuer, JP Morgan Chase Bank, N.A., as administrative agent and other financial institutions or entities from time to time parties thereto, including the amendment and restatement thereof, effective as of September 26, 2024, attached as Exhibit A thereto and referred to herein as the Senior Secured Credit Facility. 23.1 Consent of Norton Rose Fulbright US LLP (included in Exhibit 5.1) 23.2 C
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. Universal Health Services, Inc. Date: October 1, 2024 By: /s/ Steve Filton Name: Steve Filton Title: Executive Vice President and Chief Financial Officer