Monitor the company's leverage ratio and fixed charge coverage ratio in upcoming quarters to ensure compliance with covenants. Watch for any announcements regarding the use of the revolving credit facility for acquisitions or other corporate purposes.
Price Chart
Executive Summary
Enhabit, Inc. has amended and restated its credit agreement, establishing a $315 million term loan and a $160 million revolving credit facility, both maturing in five years. This refinancing replaces existing debt and provides capital for general corporate purposes, including potential acquisitions. The new credit facilities are secured by substantially all company assets and include standard financial covenants.
Key Financial Metrics
Key Facts
- Entered into an amended and restated credit agreement on February 26, 2026
- Established a $315 million term loan A facility with a 5-year maturity
- Established a $160 million revolving credit facility with a 5-year maturity
- Proceeds used to refinance existing debt and for general corporate purposes
- Obligations are secured by first-priority liens on substantially all assets of the company and its guarantors
- The agreement includes financial covenants requiring maintenance of a total net leverage ratio not exceeding 4.50 to 1.00 and a fixed charge coverage ratio of at least 1.25 to 1.00
Financial Impact
The company has established $475 million in new credit facilities ($315 million term loan + $160 million revolving credit)
Risk Factors
- Failure to maintain required financial covenants could trigger default provisions
- Increased leverage could impact future borrowing capacity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001803737-26-000009 |
| Document: ehab-20260226.htm | 0001803737-26-000009 |
| Document: 0001803737-26-000009-index-headers.html | 0001803737-26-000009 |
| Document: 0001803737-26-000009-index.html | 0001803737-26-000009 |
| Document: 0001803737-26-000009.txt | 0001803737-26-000009 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 12, 2026 19w ago | Institutional Cluster | — | awaiting T+20 | — | — |
Jun 11, 2026 19w ago | Institutional Cluster | — | awaiting T+20 | — | — |
May 26, 2026 22w ago | 15-12G | — | awaiting T+20 | — | — |
May 15, 2026 23w ago | 25-NSE | $13.80 | awaiting T+20 | — | — |
May 15, 2026 23w ago | 8-K | $13.80 | awaiting T+20 | — | — |
May 12, 2026 24w ago | 8-K | $13.79 | awaiting T+20 | — | — |
May 5, 2026 25w ago | 8-K | $13.74 | awaiting T+20 | — | — |
Apr 16, 2026 27w ago | 8-K | $13.72 $13.80 | ▲ +0.58% | ▼ −4.79% | — |
Apr 14, 2026 28w ago | DEFM14A | $13.71 $13.79 | ▲ +0.58% | ▼ −5.46% | — |
Mar 10, 2026 33w ago | Insider Cluster | $13.60 $13.99 | ▲ +2.87% | ▲ +3.02% | — |
US Market Status
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