Kindred Healthcare Expands Credit Facility by $100M

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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.
Posted In: NewsFinancing
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