Regional Health sets 2027 deadline on $5.8M loans

Regional Health Properties, Inc. entered into forbearance agreements with Cadence Bank covering loan defaults tied to a $5,000,000 USDA Note and a $800,000 SBA Note, both originally due on July 27, 2036.

Rhea-AI Filing Summary

Regional Health Properties, Inc. entered into forbearance agreements with Cadence Bank covering loan defaults tied to a $5,000,000 USDA Note and a $800,000 SBA Note, both originally due on July 27, 2036. The agreements, effective February 1, 2026, require a one-time forbearance payment of $21,047.76 and a $6,764.21 2026 USDA annual renewal fee by February 27, 2026. During the forbearance period through February 1, 2027, the company and borrower must continue monthly principal and interest payments under existing note terms. At the end of this period, remaining balances on both notes, including principal, interest, late charges and statutory attorney’s fees, become due.

Positive

• None.

Negative

• Loan defaults and accelerated repayment pressure: The company is in default on a $5,000,000 USDA Note and a $800,000 SBA Note, and the forbearance structure makes all remaining balances, plus interest, late charges and statutory attorney’s fees, due at the end of the forbearance period on February 1, 2027.

Insights

Credit & capital structure analyst

Loan defaults trigger forbearance; significant near-term refinancing risk concentrates in 2027.

Regional Health Properties discloses defaults on a $5,000,000 USDA Note and a $800,000 SBA Note with Cadence Bank. Rather than immediate enforcement, the parties signed forbearance agreements effective February 1, 2026, contingent on a one-time payment of $21,047.76 plus a $6,764.21 renewal fee.

The agreements run through February 1, 2027, during which regular principal and interest payments continue and interest keeps accruing under original terms. However, the remaining balances, including late charges and statutory attorney’s fees, become due at the end of this forbearance period, effectively pulling forward the economic maturity.

This concentrates a sizeable debt obligation into a single date in 2027, creating refinancing or repayment pressure at that time. Subsequent company disclosures may clarify how management plans to address the lump-sum obligation and any implications for liquidity and capital structure.

8-K Event Classification

2 items: 1.01, 9.01

2 items

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 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Regional Health Properties, Inc. (RHEP) disclose about its loan obligations?

Regional Health Properties disclosed forbearance agreements with Cadence Bank covering defaults on a $5,000,000 USDA Note and a $800,000 SBA Note. These agreements outline revised payment expectations and delay enforcement of lender remedies until after the forbearance period ending February 1, 2027.

What are the key terms of Regional Health Properties’ new forbearance agreements?

The forbearance agreements require a one-time payment of $21,047.76 and a $6,764.21 2026 USDA renewal fee by February 27, 2026. During the forbearance period, the company must continue monthly principal and interest payments, with all remaining balances due at the period’s end on February 1, 2027.

How long does the forbearance period last for Regional Health Properties’ loans?

The forbearance period runs from an effective date of February 1, 2026 through February 1, 2027. During this time, Cadence Bank agrees to temporarily forbear from exercising its rights and remedies related to the existing defaults, subject to compliance with the agreements’ conditions.

What payments must Regional Health Properties make under the forbearance agreements?

The borrower must pay $21,047.76 as a one-time forbearance payment and $6,764.21 for the 2026 USDA annual renewal fee by February 27, 2026. In addition, monthly principal and interest payments continue under the USDA and SBA notes during the forbearance period.

When are the remaining balances on Regional Health Properties’ USDA and SBA notes due?

All remaining balances on the $5,000,000 USDA Note and $800,000 SBA Note become due at the end of the forbearance period on February 1, 2027. These amounts include principal, accrued interest, late charges and statutory attorney’s fees, as specified in the forbearance agreements.

Who are the parties involved in Regional Health Properties’ forbearance agreements?

The forbearance agreements are among Regional Health Properties, Inc. (the company), Erin Property Holdings, LLC (the borrower), and Cadence Bank, N.A. (the lender). They relate to obligations under a Security Agreement originally dated July 27, 2011 between the borrower and the lender.

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

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Accepted by SEC EDGAR 03/04/2026 - 11:12 AM Learn about SEC filing dates

0001004724false0001004724rhe:SeriesARedeemablePreferredSharesNoParValueCustomMember2026-02-272026-02-270001004724rhe:CommonStockNoParValueCustomMember2026-02-272026-02-2700010047242026-02-272026-02-27

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): February 27, 2026
	Regional Health Properties, Inc.
	(Exact Name of Registrant as Specified in its Charter)
Georgia	001-33135	81-5166048
(State or Other Jurisdiction of	(Commission	(I.R.S. Employer
Incorporation)	File Number)	Identification No.)
	1050 Crown Pointe Parkway
	Suite 720
	Atlanta, Georgia 30338
	(Address of Principal Executive Offices, and Zip Code)
	(678) 869-5116
	(Registrant’s telephone number, including area code)

Not applicable.

(Former Name or Former Address, if Changed Since Last Report)

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 (see General Instruction A.2. below):

☐	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))

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, no par value	RHE	NYSE American
Series A Redeemable Preferred Shares, no par value	RHE-PA	NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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. ☐

Item 1.01 Entry into a Material Definitive Agreement.  

On February 27, 2026, Regional Health Properties, Inc. (the “Company”) and Erin Property Holdings, LLC (the “Borrower”) entered into two Forbearance Agreements with effective dates of February 1, 2026 (the “Forbearance Agreements”) with Cadence Bank, N.A. (the “Lender”) relating to certain defaults by the Company and the Borrower under the loan agreements in the principal amount of $5,000,000 due on July 27, 2036 (the “USDA Note”) and the principal amount of $800,000 due on July 27, 2036 (the “SBA Note” and, together with the USDA Note, the “Notes”) that were issued by the Borrower to the Company to reflect payment obligations pursuant to the Security Agreement, dated as of July 27, 2011 (the “Security Agreement”), between the Borrower and the Lender.

Pursuant to the Forbearance Agreements, (a) the Borrower agreed to make payments of $21,047.76 as a one-time forbearance payment and $6,764.21 for the 2026 USDA annual renewal fee toward the SBA Note no later than February 27, 2026, and (b) the Company and the Lender agreed, subject to the terms and conditions set forth in the Forbearance Agreements, to forbear from exercising its rights and remedies on account of the failure by the Company and the Borrower to pay the amounts due under the USDA Note and SBA Note by the expiration of the period (“Forbearance Period”) of February 1, 2027.

During the Forbearance Period, the Company and the Borrower shall make monthly payments of principal and interest in accordance with the terms of the USDA Note and the SBA Note with interest continuing to accrue in accordance with the terms of the Notes which amounts shall remain the obligation of the Company and the Borrower.

The remaining balances of the USDA Note and the SBA Note will be due at the end of the Forbearance Period and include all principal, interest, late charges and statutory attorney's fees.

The description of the Forbearance Agreements set forth herein is qualified in its entirety by reference to the full text of the Forbearance Agreements, copies of which are attached as Exhibit 10.1and Exhibit 10.2 hereto and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

	(d) Exhibits
Exhibit Number			Description
10.1			Forbearance Agreement, dated as of February 1, 2026 by and among the Company, the Borrower and the Lender regarding the USDA Note
10.2			Forbearance Agreement, dated as of February 1, 2026, by and among the Company, the Borrower and the Lender regarding the SBA Note
104			Cover Page Interactive Data File – the cover page XBRL tags are 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.

	REGIONAL HEALTH PROPERTIES, INC.
Date: March 4, 2026	/s/ Brent Morrison
	Brent Morrison
	Chairman, Chief Executive Officer and President

Filing Exhibits & Attachments

3 documents

Agreements & Contracts

• EX-10.1 EX-10.1 228.8 KB
• EX-10.2 EX-10.2 222.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 47.6 KB