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SEC filingUniversal Health Services secured a $700 million delayed draw term loan facility through a credit agreement amendment, increasing financial flexibility for general corporate purposes.
The Twelfth Amendment adds a new $700 million delayed draw tranche A term loan under Universal Health Services' existing senior secured credit facility, available through September 30, 2026. The loan matures 364 days after funding and does not amortize, with principal due at maturity. Interest margin is tied to the company's consolidated net leverage ratio, initially set at 0.125% for ABR loans and 1.125% for term benchmark/RFR loans. The facility is secured on a pari passu basis with existing senior secured notes. Proceeds can be used for general corporate purposes including refinancing, providing added liquidity. A separate $400 million delayed draw facility from April 2026 is earmarked for the Talkspace acquisition.