FINANCIAL_SERVICESAMENDED

Kaweah Health Loan Amended; $4.6M Forgiven

Kaweah Delta Health Care District DBA Kaweah Health approved Resolution 2297 to execute a Second Amendment to its Loan and Security Agreement with the California Health Facilities Financing Authority under the Distressed Hospital Loan Program. The amendment permanently forgives $4.61 million in debt service due from September 1, 2026 through August 31, 2027 and confirms a modified loan maturity of February 1, 2031 while leaving $16.14 million in principal outstanding. The interest‑free working capital loan supports the hospital’s turnaround plan and ongoing financial stability.

Document date · August 20, 2026

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TerraCycle logo
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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$20,750,000 (original principal); $4,611,111.12 forgiven; outstanding principal $16,138,888.88
Contract type
FINANCIAL_SERVICES
Contract term
Loan maturity date February 1, 2031 (as modified); debt service payments forgiven for period September 1, 2026 through August 31, 2027
Renewal date
2031-02-01
Renewal
First Amendment to the Loan and Security Agreement was executed July 31, 2025, extending the deferral period and maturity date. The Second Amendment, approved via Resolution 2297, forgives twelve months of debt service from September 1, 2026 to August 31, 2027 and resets repayment to begin on the forty‑third month from the original effective date with a final maturity of February 1, 2031. No automatic renewals are described; further changes would require additional amendments.
Document type
AgendaPacket
Source document
Kaweah Delta Health Care District AgendaPacket Special Board of Directors Meeting 2026-08-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Kaweah Health Medical Center?

California Health Facilities Financing Authority was awarded this financial services contract by Kaweah Health Medical Center, as recorded on August 20, 2026. The contract value is $20,750,000 (original principal); $4,611,111.12 forgiven; outstanding principal $16,138,888.88.

How much is the California Health Facilities Financing Authority contract with Kaweah Health Medical Center worth?

The California Health Facilities Financing Authority contract with Kaweah Health Medical Center is valued at $20,750,000 (original principal); $4,611,111.12 forgiven; outstanding principal $16,138,888.88, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Kaweah Delta Health Care District AgendaPacket Special Board of Directors Meeting 2026-08-20 (AgendaPacket), dated August 20, 2026 from Kaweah Health Medical Center. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California Health Facilities Financing Authority hold?

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