Company: USPH
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001140361-25-029744
Chunk: 23

Company: U S PHYSICAL THERAPY INC /NV
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 3
Chunk 23
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ITEM 3.

              QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We maintain an interest rate swap arrangement which is considered a derivative instrument. Our indebtedness as of June 30, 2025, was the outstanding balance of seller notes from our acquisitions of
        $1.4 million, and an outstanding balance on our term note related to the Credit Agreement of $159.5 million. The Revolving Facility within our Senior Credit Facilities has a balance of $24.5 million as of June 30, 2025, and is subject to
        fluctuating interest rates. A 1% change in the interest rate would yield $0.2 million in interest expense on the Senior Credit Facilities because of the interest rate swap described above. See Note 9 to our consolidated financial statements
        included in Item 1.