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Kindred Healthcare, Inc. (the “Company”)
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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