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On April 26, 2018, Universal Health Services, Inc. (the “Company”) and certain of its subsidiaries amended their existing accounts receivable securitization facility (the “Receivables Facility”) with a group of conduit lenders, liquidity banks, and PNC Bank, National Association, as administrative agent, which provides for borrowings outstanding from time to time by certain of the Company’s subsidiaries in exchange for undivided security interests in their respective accounts receivable.

The parties to the Receivables Facility entered into the Sixth Amendment (the “Amendment”) to the Amended and Restated Credit and Security Agreement, dated as of October 27, 2010, to which, among other things, (i) the term of the Receivables Facility was extended through April 26, 2021, (ii) the borrowing limit under the Receivables Facility was increased from $440 million to $450 million and (iii) certain outstanding borrowings were repaid in order to rebalance the amount to be loaned by each lender. In addition, the program fee, and certain other fees were adjusted in connection with the Amendment. Substantially all other provisions of the Receivables Facility remain unchanged.

The foregoing summary description of the Amendment and the transactions contemplated thereby is not intended to be complete and is qualified in its entirety by the complete text of the Amendment, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference as it were fully set forth herein.

The information provided in Item 1.01 of this Current Report on Form 8-K is hereby incorporated into this Item 2.03 by reference.

(d) Exhibits

UNIVERSAL HEALTH SERVICES INC Exhibit
EX-10.1 2 uhs-ex101_6.htm EX-10.1 uhs-ex101_6.htm Exhibit10.1 EXECUTION VERSION SIXTH AMENDMENTTOAMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT This SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT (this “Amendment”),…
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About UNIVERSAL HEALTH SERVICES, INC. (OTCMKTS:UHID)

Universal Health Services, Inc. is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services. The Other segment includes centralized services, including information services, purchasing, reimbursement, accounting, taxation, legal, advertising, design and construction and patient accounting, as well as the operating results for its other entities, including outpatient surgery and radiation centers. Its services include general and specialty surgery, internal medicine, obstetrics, radiology, oncology, diagnostic care, coronary care, pediatric services and pharmacy. It operates over 20 inpatient acute care hospitals, over three free-standing emergency departments, and over 210 inpatient and over 20 outpatient behavioral healthcare facilities.