Financing ·
DLH Holdings Corp. entered into a Second Amendment to its Secured Credit Agreement with a syndicate of lenders…
DLHCDLH Holdings Corp.
DLH Holdings Corp. entered into a Second Amendment to its Secured Credit Agreement with a syndicate of lenders, including First National Bank of Pennsylvania, and modified several financial covenants and definitions. The amendment modifies the definition of Consolidated EBITDA to include specific restructuring and lease termination costs and up to $3,000,000 in pro forma net income from new material contract awards. Total Funded Debt will now exclude undrawn Letters of Credit related to the VA's Consolidated Mail Outpatient Pharmacy program. Financial covenant thresholds for the total leverage ratio and fixed charge coverage ratio have been adjusted for the second and third quarters of 2026. DLH Holdings Corp. provides services in the healthcare and government services sectors.