Short answer
U S PHYSICAL THERAPY INC /NV (USPH) filed an 8-K current report with the SEC on September 28, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation). $170.6 million forward-starting swap fixes term-debt interest exposure beginning June 30, 2027.
U S PHYSICAL THERAPY INC /NV 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $170.6 million forward-starting swap fixes term-debt interest exposure beginning June 30, 2027
- 4.578% fixed rate exchanged for one-month SOFR, reducing future floating-rate uncertainty
- 45-month term runs through April 14, 2031 and amortizes with scheduled term-loan payments
- Bank of America serves as swap counterparty, administrative agent, and Credit Agreement lender
Item 2.03 · Creation of a Direct Financial Obligation
- Interest-rate swap executed with Bank of America under the April 26, 2022 ISDA Master Agreement
- Swap transaction confirmation dated September 22, 2026, indicating new derivative exposure
- Economic terms and financial obligation amount require review of Exhibit 10.2
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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