American Shared Hospital Services amends Fifth Third Bank credit agreement, wins forbearance through June 2027

Reuters2026/07/28 20:23

By:Reuters

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American Shared Hospital Services amended its 2021 credit agreement with Fifth Third Bank on July 22, 2026, adding a forbearance through June 30, 2027.
Fifth Third will standstill on specified defaults, waive certain cash and leverage covenants during the period, bar default interest.
Terms restrict new revolver borrowings, require monthly excess cash flow prepayments above USD 5 million, set quarterly principal payments starting Oct. 10, 2026.
Amendment requires the company to pursue an asset sale, with milestones tied to potential fees payable to the lender.
Separately, it raised USD 2 million via a 10% subordinated note from RCS/TIG Holdings, maturing July 21, 2027, with proceeds placed in a blocked account.

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. American Shared Hospital Services 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: 0001437749-26-024677), on July 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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American Shared Hospital Services amends Fifth Third Bank credit agreement, wins forbearance through June 2027

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