U.S. Physical Therapy enters $170.6 million forward-starting interest rate swap with Bank of America

Bitget2026/09/28 21:09

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U.S. Physical Therapy entered a 45-month forward-starting interest rate swap with Bank of America on Sept. 22, 2026.
Initial notional amount set at $170.6 million, reflecting projected term-loan amortization under its Fourth Amended and Restated Credit Agreement.
Swap fixes the variable interest component on term debt effective June 30, 2027, when the existing swap expires.
Company will pay a fixed 4.578% rate, receiving one-month SOFR-based payments on the same notional amount.
Swap amortizes with the term-loan schedule, terminating April 14, 2031; governed by the parties’ ISDA Master Agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. USPh - U.S. Physical Therapy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000885978-26-000060), on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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U.S. Physical Therapy enters $170.6 million forward-starting interest rate swap with Bank of America

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