HealthStream amends revolving credit facility, extends maturity to September 10, 2031
HealthStream entered into a Second Amendment to its revolving credit agreement with Truist Bank as administrative agent, keeping the $50 million facility on terms consistent with the prior agreement. The amendment extends the facility's maturity to September 10, 2031 and sets initial interest margins and a commitment fee, giving the company continued access to revolving credit under unsecured terms.
Key points
- Revolving loans up to $50 million, with $5 million sublimits for swingline loans and standby letters of credit
- Credit facility matures September 10, 2031; the company can seek to increase availability by up to $25 million, subject to lender commitments
- Initial applicable margins of 0.50% for base rate loans and 1.50% for SOFR loans; initial commitment fee of 20 basis points per annum
- Financial covenants require a net funded debt leverage ratio of not more than 3.00 to 1.00 and an interest coverage ratio of not less than 3.00 to 1.00
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 14, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.