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Kindred Healthcare Expands ABL Facililty Borrowing Capacity by $150MM

December 15, 2014, 07:56 AM
Filed Under: Healthcare

Kindred Healthcare, Inc. announced that it has entered into an incremental joinder to increase the available credit capacity from $750 million to $900 million under its senior secured asset-based revolving credit facility (the “ABL Facility”). The increase in the borrowing capacity will be effective upon completion of the company’s merger with Gentiva Health Services, Inc. (“Gentiva”), which is expected in the first quarter of 2015. The pricing and other terms of the ABL Facility were not changed.

Kindred Healthcare, Inc., a top-150 private employer in the United States, is a FORTUNE 500 healthcare services company based in Louisville, Kentucky with annual revenues of $5 billion and approximately 62,600 employees in 47 states.

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