STOCK TITAN
  1. Home
  2. Sec-filings
  3. OPCH
  4. [8-K] Option Care Health, Inc. Reports Material Event

Option Care Health (OPCH) lifts revolving credit commitments to $850,000,000

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Option Care Health, Inc. entered into a Fifth Amendment to its Amended and Restated First Lien Credit Agreement with Bank of America, N.A. as administrative agent. The amendment adds new revolving credit commitments totaling $450,000,000, structured as an increase to the existing Revolving Credit Commitments.

Following this change, the aggregate principal amount of Revolving Credit Commitments available under the credit agreement is $850,000,000. This amendment updates the company’s senior secured lending facility and represents additional committed borrowing capacity rather than an immediate borrowing.

Positive

  • None.

Negative

  • None.

Insights

Amended facility boosts committed revolving credit capacity.

Option Care Health, Inc. revised its first-lien credit agreement to add $450,000,000 of new revolving credit commitments. This lifts total Revolving Credit Commitments to $850,000,000, expanding the company’s committed borrowing capacity with Bank of America, N.A. as administrative agent.

The change is a balance sheet and liquidity tool rather than a reported draw, so the economic impact will depend on future borrowings under the facility. The amendment is characterized as a material definitive agreement and also as the creation of a direct financial obligation under Item 2.03.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
New revolving credit commitments $450,000,000 Aggregate principal amount added by Fifth Amendment
Total Revolving Credit Commitments $850,000,000 Aggregate principal amount post-Amendment under Credit Agreement
Amendment date March 30, 2026 Date of Fifth Amendment to First Lien Credit Agreement
First Lien Credit Agreement financial
"that certain Amended and Restated First Lien Credit Agreement, dated as of October 27, 2021"
A first lien credit agreement is a loan contract that gives the lender the top legal claim on a borrower's specific assets if the borrower defaults, like a mortgage that gets paid before others when a house is sold. It matters to investors because holders of first-lien debt are paid before other creditors and shareholders in a distress situation, which lowers their risk and can affect a company's borrowing costs, financial flexibility, and the value of other securities.
Revolving Credit Commitments financial
"takes the form of an increase to the existing Revolving Credit Commitments"
Incremental Revolving Lender financial
"each Incremental Revolving Lender party thereto and Bank of America, N.A."
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
off-balance sheet arrangement regulatory
"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant"
An off-balance sheet arrangement is a financial commitment or asset that a company keeps out of its main financial statements so it does not show up as a direct asset or liability. Think of it like renting equipment or using a separate storage locker instead of putting the item in your home: the economic effects exist, but they aren’t listed on the company’s primary balance sheet. Investors care because these arrangements can hide risks, obligations or sources of cash flow that affect a company’s true financial strength and future performance.

FAQ

What did Option Care Health (OPCH) change in its credit agreement?
Option Care Health, Inc. signed a Fifth Amendment to its Amended and Restated First Lien Credit Agreement. The amendment primarily adds new revolving credit commitments, increasing the company’s committed borrowing capacity under its senior secured lending facility.

How much new revolving credit did Option Care Health (OPCH) obtain?
The amendment establishes new revolving credit commitments in an aggregate principal amount of $450,000,000. These new commitments are structured as an increase to the company’s existing Revolving Credit Commitments under the first-lien credit facility.

What is the total revolving credit capacity for Option Care Health (OPCH) after the amendment?
After the amendment, the aggregate principal amount of Revolving Credit Commitments under Option Care Health’s credit agreement is $850,000,000. This figure reflects the combined existing revolving commitments plus the newly added $450,000,000 tranche established by the Fifth Amendment.

Who is the administrative agent on Option Care Health’s amended credit facility?
Bank of America, N.A. serves as the administrative agent under the amended Amended and Restated First Lien Credit Agreement. The Fifth Amendment is among Option Care Health, its subsidiaries, the Incremental Revolving Lenders, and Bank of America, N.A. in this agency role.

Which 8-K items does Option Care Health (OPCH) reference in this filing?
The filing discloses the Fifth Amendment under Item 1.01, Entry into a Material Definitive Agreement. It also references Item 2.03, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement, incorporating the Item 1.01 information by reference.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →
false 0001014739 0001014739 2026-03-30 2026-03-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

  

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)
March 30, 2026

 

 

OPTION CARE HEALTH, INC.

(Exact name of registrant as specified in its charter)

 

Delaware 001-11993 05-0489664
(State or other jurisdiction of incorporation)

(Commission File Number)

 (IRS Employer Identification Number)

 

3000 Lakeside Dr. Suite 300N, Bannockburn, IL 60015
(Address of principal executive offices)

 

(312) 940-2443

(Registrant's telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each Class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.0001 par value per share   OPCH   Nasdaq Global Select Market

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement

 

On March 30, 2026, Option Care Health, Inc. (the “Company”) entered into that certain Fifth Amendment to Amended and Restated First Lien Credit Agreement (the “Amendment”), by and among the Company, as borrower, certain subsidiaries of the Company party thereto, each Incremental Revolving Lender party thereto and Bank of America, N.A., as administrative agent (the “Agent”), which amends that certain Amended and Restated First Lien Credit Agreement, dated as of October 27, 2021 (as amended by that certain First Amendment to Amended and Restated First Lien Credit Agreement, dated as of June 8, 2023, that certain Second Amendment to Amended and Restated First Lien Credit Agreement, dated as of December 7, 2023, that certain Third Amendment to Amended and Restated First Lien Credit Agreement, dated as of May 8, 2024, that certain Fourth Amendment to Amended and Restated First Lien Credit Agreement, dated as of September 22, 2025, and the Amendment, the “Credit Agreement”), by and among the Company, as borrower, certain subsidiaries of the Company from time to time party thereto, the Lenders from time to time party thereto and the Agent. The Amendment, among other things, establishes new revolving credit commitments in an aggregate principal amount equal to $450,000,000, which takes the form of an increase to the existing Revolving Credit Commitments. Post-Amendment, the aggregate principal amount of Revolving Credit Commitments outstanding pursuant to the Credit Agreement is $850,000,000.

 

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, which is attached to this Current Report on Form 8-K as Exhibit 10.1, and is incorporated herein by reference. Capitalized terms used in this Item 1.01 but not defined herein have the meaning assigned to such terms in the Amendment or the Credit Agreement, as applicable.

 

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information set forth in Item 1.01 above is incorporated into this Item 2.03 by reference.

 

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits.

 

Exhibit
Number		   Exhibit Description
10.1   Fifth Amendment to Amended and Restated First Lien Credit Agreement, dated as of March 30, 2026, by and among Option Care Health, Inc., a Delaware corporation, as borrower, each other Loan Party (as defined therein) party thereto, each Incremental Revolving Lender (as defined therein) party thereto and Bank of America, N.A., as administrative agent.
104   Cover Page Interactive Data File (embedded within the inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Option Care Health, Inc.
     
Date: April 2, 2026 By: /s/ Meenal Sethna
    Meenal Sethna
    Chief Financial Officer

 

 

 

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

Other Documents