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BioScrip Announces Amendment to Credit Agreement and New Senior Loan Facility

January 09, 2017, 08:03 AM
Filed Under: Healthcare

BioScrip, Inc., a national provider of infusion and home care management solutions, announced that it has entered into an agreement to amend its existing Credit Agreement, dated July 31, 2013, among BioScrip, the guarantors, SunTrust Bank as administrative agent, and a syndicate of lenders. Additionally, BioScrip and the guarantors under the existing Credit Agreement announced a new $25 million senior loan facility.

The amended Credit Agreement, together with the new senior loan facility, as approved by BioScrip’s lenders, includes the following benefits:

  • $25 million new senior loan facility from existing lenders, providing $19 million in incremental liquidity and a $6 million reduction in existing revolver balances
  • Revised covenants, under which the Company anticipates full compliance
  • Revised commitment reduction schedule, which the Company believes it can comfortably manage


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