<a href="https://laohu8.com/S/PACS">PACS Group</a> Inc. Enters Forbearance Agreement and Amends Credit Terms with Truist Bank to Address Loan Defaults
PACS Group Inc. has recently entered into a Forbearance Agreement and Fifth Amendment to its existing Credit Agreement with PACS Holdings, LLC, Truist Bank, and other lenders. The agreement, effective as of August 13, 2025, aims to address certain events of default under the current Credit Agreement, dated December 7, 2023. The lenders have agreed to forbearance concerning these defaults and have implemented amendments to the Credit Agreement. Key conditions during the Forbearance Period include maintaining a minimum liquidity of $100 million, restrictions on certain investments and acquisitions, and a prohibition on new loans. This move is intended to provide temporary relief while the Borrower addresses the existing defaults.
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