Option Care Health (OPCH) lifts revolving credit commitments to $850,000,000
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.
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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.
8-K Event Classification
Key Figures
Key Terms
First Lien Credit Agreement financial
Revolving Credit Commitments financial
Incremental Revolving Lender financial
Material Definitive Agreement regulatory
off-balance sheet arrangement regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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. | |
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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 |