Kindred Healthcare Expands Credit Facility by $100M
Kindred Healthcare, Inc. (the “Company”) (NYSE: KND) today announced that it has successfully completed amendments to increase by $100 million its senior secured term loan facility (the “Term Loan Facility”) and expand by $100 million the borrowing capacity under its senior secured asset-based revolving credit agreement (the “Revolving Credit Facility”).
The additional Term Loan Facility borrowings were issued at 97.5% and the net proceeds were used to pay down a portion of the outstanding balance under the Revolving Credit Facility. The aggregate amount currently outstanding under the Term Loan Facility approximates $791 million.
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