On January 24, 2020, AAC Holdings, Inc., entered into Amendment No. 3 to that certain Credit Agreement, dated as of March 8, 2019, together with Credit Suisse AG, as administrative agent and collateral agent, and the lenders and other parties thereto. Pursuant to the Senior Amendment, certain lenders thereunder agreed to advance new term loans to the Company in an aggregate principal amount equal to $12.0 million, of which $10.0 million was funded on the Closing Date. Pursuant to the Senior Amendment, the Company may borrow the additional $2.0 million upon the extension of the Forbearance Periods to a date later than February 21, 2020. The Senior Amendment otherwise amended certain terms of the Senior Credit Facility to provide for the New Term Loan, the maturity date of which is April 15, 2020. The Company intends to use the proceeds of the New Term Loan for working capital and other general corporate purposes.