HEALTHSTREAM INC (HSTM) Form 8-K — Sep 14, 2026
On September 10, 2026, HealthStream, Inc. entered into the Second Amendment to its Amended and Restated Revolving Credit Agreement with Truist Bank as Administrative Agent, Issuing Bank, and Swingline Lender, extending its $50 million unsecured revolving credit facility to a maturity of September 10, 2031. Terms remain consistent with the prior October 2023 agreement: a $5 million swingline sublimit, a $5 million standby letter of credit sublimit, an option to increase commitments by up to $25 million, initial margins of 1.50% on SOFR loans and 0.50% on base rate loans, and a 20 basis point commitment fee on unused capacity.
Key figures
- Debt Amount
- $50 million revolving credit facility (unsecured)
- Interest Rate
- Initial applicable margin 1.50% for SOFR loans and 0.50% for base rate loans (margin varies with net funded debt leverage ratio); commitment fee initially 20 basis points per annum on unused commitment
- Maturity Date
- September 10, 2031
- Swingline sublimit usd
- 5000000
- Min interest coverage ratio
- 3.00:1.00
- Accordion increase option usd
- 25000000
- Share repurchase program cap usd
- 10000000
- Max net funded debt leverage ratio
- 3.00:1.00
- Standby letter of credit sublimit usd
- 5000000
- General restricted payments basket usd
- 50000000
- Permitted unsecured convertible debt basket usd
- 125000000
AI analysis
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