U S PHYSICAL THERAPY INC /NV — Form 8-K
Filed September 28, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
U.S. Physical Therapy, Inc. and Bank of America, N.A. executed an ISDA Master Agreement dated April 26, 2022, and a specific interest rate swap confirmation dated September 22, 2026. The swap has a notional amount starting at USD 170.625 million (declining to USD 138.906 million by March 2031), a fixed rate of 4.578% paid by USPT, and a floating rate (USD-SOFR CME Term 1-Month) received by USPT. The swap runs from June 30, 2027 to April 14, 2031. No dollar amounts of upfront fees, collateral, or mark-to-market positions are disclosed in the filing.
Why this rating
Routine derivative documentation. Interest rate swap is standard risk-management tool; notional ~$170M is ~23% of company market cap but represents typical hedging, not a business event. No unusual terms or counterparty risk disclosed.
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