P3 Health Partners Inc. has announced a significant amendment to its existing Term Loan Agreement. Effective August 27, 2025, the amendment extends the interest-only period to September 30, 2026, and the loan's maturity date to December 31, 2027. The principal payments have been restructured to a fixed amount of $5 million per payment date. Additionally, the interest rate will remain at 12% through the end of 2025, increasing to 15% thereafter. The amendment introduces two separate Paid In-Kind $(PIK)$ periods, allowing for a combination of cash and PIK payments. These changes aim to provide the company with enhanced financial flexibility as it continues its operations.
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