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JPMorgan Chase Agents $300MM Revolver for NextGen Healthcare

April 03, 2018, 07:27 AM
Filed Under: Healthcare

Quality Systems, Inc., known to its clients as NextGen Healthcare, announced that it entered into a $300 million amended and restated revolving credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association, as syndication agent, and certain other agents and lenders. This amended facility matures on March 29, 2023 and replaces NextGen Healthcare’s prior $250 million facility. In addition to the increase from $250 million to $300 million in potential revolving credit commitments and/or term loans, the facility includes a $100 million accordion feature, which could accommodate additional borrowing up to $400 million in the aggregate.

“We are pleased to enter into this expanded credit facility which provides us with increased financial flexibility for the next five years through additional borrowing capability at more favorable terms compared to our previous facility,” said Jamie Arnold, NextGen Healthcare chief financial officer.

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