UNIVERSAL HEALTH REALTY INCOME TRUST 8-K

What Happened

• Universal Health Realty Income Trust (UHT) filed an 8-K reporting that on April 21, 2026 it entered into a First Amendment to its Second Amended and Restated Credit Agreement. The amendment adds a $50.0 million incremental term loan facility, updates certain credit covenant and rate definitions, and adds a new subsidiary guarantor. The amendment is filed as Exhibit 10.1 to the 8-K.

Key Details

• $50.0 million incremental term loan (the “2026 Incremental Term Loan”) was added under the Credit Agreement.
• Interest: at UHT’s option, either SOFR (1-, 3-, or 6‑month) or the Base Rate, plus a margin that varies with UHT’s Total Leverage Ratio (consistent with the existing term loan pricing).
• Maturity: the incremental term loan matures September 30, 2028 (same maturity as the existing term loan).
• Covenants/definitions changed: minimum tangible net worth requirement set to $100 million; removed the Term SOFR Adjustment of 0.10% per annum from the definitions of “Adjusted Term SOFR” and “Adjusted Daily Simple SOFR.” A new subsidiary was added as a guarantor.
• Parties: amendment among UHT, the lenders and agents (including Wells Fargo Bank, N.A. as Administrative Agent and Wells Fargo Securities and BOFA Securities as joint lead arrangers/bookrunners).

Why It Matters

• The amendment increases UHT’s available term debt by $50 million, creating a new direct financial obligation (Item 2.03) that investors should consider when assessing the company’s debt load and upcoming maturities.
• The maturity date aligns with the existing term loan (Sept 30, 2028), so repayment timing is unchanged but total senior debt increases.
• Changes to the tangible net worth covenant and removal of the 0.10% Term SOFR Adjustment alter lender protections and the interest-rate calculation mechanics; investors should monitor these items and UHT’s leverage metrics, as they can affect borrowing costs and covenant compliance.
• The full amendment is filed as Exhibit 10.1 for investors seeking the complete legal terms.