<a href="https://laohu8.com/S/PACS">PACS Group</a> Inc. Amends Credit Agreement with Truist Bank, Adjusts Financial Covenants and Reporting Deadlines
PACS Group Inc. and its subsidiary, PACS Holdings, LLC, have entered into an amendment to their existing Amended and Restated Credit Agreement with Truist Bank and associated lenders. The amendment, dated May 29, 2025, requires the company and its subsidiaries to maintain at least $100 million in unrestricted cash and certain investments until audited financial statements for the fiscal year ended December 31, 2024, are delivered. Furthermore, the amendment extends the deadline for delivering these audited financial statements to 195 days post-fiscal year-end, with potential extensions up to 225 days, subject to lender agreement. This move comes amid ongoing delays in the company's financial filings due to an independent investigation by the company's Audit Committee.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PACS Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002001184-25-000026), on June 02, 2025, and is solely responsible for the information contained therein.
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