Item 1.01. Entry into a Material Definitive Agreement.

On October 1, 2021, in connection with the closing of the previously announced acquisition of Sizewise Rentals, LLC ("Sizewise"), Agiliti Health, Inc., an indirect subsidiary of Agiliti, Inc. (the "Company"), entered into Amendment No. 5 (the "Amendment") to the credit agreement, dated as of January 4, 2019 (as further amended, supplemented, amended and restated or otherwise modified from time to time, the "First Lien Credit Agreement"), by and among Agiliti Health, Inc., as borrower (the "Borrower"), Agiliti Holdco, Inc. as holdings, the subsidiaries of the Borrower from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders from time to time party thereto. The Amendment provides for a $150.0 million incremental term loan facility (the "Incremental Term Loan Facility"), the proceeds of which were used, together with cash on hand, to finance the Sizewise acquisition.

The Incremental Term Loan Facility has terms identical to those applicable to the Initial Term Loans and the Amendment No. 1 Term Loans (each as defined in the First Lien Credit Agreement), including as to pricing and interest, tenor, rights of payment and prepayment and right of security.

The Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The above description of the material terms of the Amendment is qualified in its entirety by reference to such exhibit.

Item 2.03. Creation of a Direct Financial Obligation.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.

Item 7.01. Regulation FD Disclosure.

A copy of the Company's press release announcing the closing of the Sizewise acquisition is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.





Exhibit
Number       Description

10.1           Amendment No. 5, dated as of October 1, 2021, by and among Agiliti
             Health, Inc., as borrower, Agiliti Holdco, Inc. as holdings, the
             subsidiaries of the Borrower from time to time party thereto, JPMorgan
             Chase Bank, N.A., as administrative agent, and the lenders party
             thereto, including Exhibit B, which is a conformed copy of the First
             Lien Credit Agreement through Amendment No. 5
99.1           Press Release dated October 4, 2021.
104          Cover Page Interactive Data File (embedded within the Inline XBRL
             document).

© Edgar Online, source Glimpses