Monitor the closing of the Talkspace acquisition, as the $400 million delayed draw term loan is contingent on the acquisition closing. The new debt facilities increase UHS's leverage, which could impact future financial flexibility.
Price Chart
Executive Summary
Universal Health Services, Inc. (UHS) entered into a new credit agreement amendment on April 22, 2026, creating $900 million in new debt facilities: a $200 million revolving credit, a $300 million term loan, and a $400 million delayed draw term loan. The delayed draw term loan will fund the acquisition of Talkspace, Inc. The company also added three new subsidiaries as guarantors under its existing note indentures.
Key Financial Metrics
Key Facts
- UHS entered into an Eleventh Amendment to its Credit Agreement on April 22, 2026, creating $900 million in new debt facilities.
- The new facilities include a $200 million incremental revolving loan, a $300 million incremental term loan, and a $400 million delayed draw term loan.
- The $400 million delayed draw term loan is specifically designated to fund the previously announced acquisition of Talkspace, Inc.
- The company entered into three supplemental indentures to add UHS of Kansas City, LLC, UHS East End Sub, LLC, and UHS East End Corporation as guarantors on its existing notes.
- The new debt facilities mature on September 26, 2029, and the delayed draw term loan will not amortize until maturity.
Financial Impact
The company is adding $900 million in new debt facilities, with $400 million designated for the Talkspace acquisition.
Risk Factors
- The delayed draw term loan is tied to the Talkspace acquisition, which may not close as planned.
- The new debt increases the company's total leverage, which could impact future borrowing capacity and credit ratings.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-175197 |
| Document: uhs-ex4_2.htm | 0001193125-26-175197 |
| Document: uhs-ex4_1.htm | 0001193125-26-175197 |
| Document: uhs-ex4_3.htm | 0001193125-26-175197 |
| Document: uhs-20260422.htm | 0001193125-26-175197 |
| Document: 0001193125-26-175197-index-headers.html | 0001193125-26-175197 |
| Document: 0001193125-26-175197-index.html | 0001193125-26-175197 |
| Document: 0001193125-26-175197.txt | 0001193125-26-175197 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | 8-K | $177.26 $176.69 | ▼ −0.32% | ▼ −0.04% | $174.49 (−1.57%) |
Jul 27, 2026 9w ago | Press Release | $166.22 $175.66 | ▼ −5.68% | ▼ −2.30% | $174.49 (−4.97%) |
May 21, 2026 19w ago | 8-K | $162.28 $141.17 | ▼ −13.01% | ▼ −13.55% | $174.49 (+7.52%) |
Apr 24, 2026 23w ago | 8-K | $173.78 $162.45 | ▼ −6.52% | ▼ −10.55% | $174.49 (+0.41%) |
Apr 9, 2026 25w ago | DEFA14A | $187.57 $168.49 | ▼ −10.17% | ▼ −17.74% | $174.49 (−6.98%) |
Feb 26, 2026 31w ago | 8-K | $203.26 $185.07 | ▼ −8.95% | ▼ −2.55% | $174.49 (−14.16%) |
US Market Status
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