AMN Healthcare Announces Completion of New Credit Agreement
AMN Healthcare Services, Inc. (NYSE: AHS) today announced that it has refinanced its existing credit facilities with a new $250 million credit agreement.
The new credit agreement consists of a $200 million secured term loan and $50 million secured revolving line of credit, maturing in April 2018 and April 2017, respectively. The term loan will initially bear interest at LIBOR plus 475 basis points, with a 1.25% LIBOR floor, and the revolving line of credit will initially bear interest at LIBOR plus 425 basis points. Both facilities have interest rate step downs based on the Company's financial leverage.
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