The information set forth under Item 2.03 below is incorporated by reference into this Item 1.01.
Item 1.02. Termination of a Material Definitive Agreement.
The information set forth under Item 2.03 below is incorporated by reference into this Item 1.02.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On October6, 2015, certain subsidiaries of Adeptus Health Inc. (the Company) entered into a Senior Secured Credit Facility(the Facility) with Bank of America, N.A., as administrative agent, and the other lenders party thereto,for a $125.0million term loan, which matures on October6, 2020. The Facility includes a $50.0million revolving commitment that matures on October6, 2020. The revolving credit facility includes a sub-limit of $15.0 million for letters of credit and a sub-limit of $5.0 million for swing line loans. All of the assets of our subsidiaries are pledged as collateral under the Facility, and such subsidiaries guarantee the Facility. Borrowingsunder the Facilityareused by us to provide financing for working capitalandcapital expenditures for new facility expansion and replacedour existing credit facility
Borrowings under the Facility bear interest, at our option, at a rate equal to an...