Naples, Fla.-based Health Management Associates has closed on new credit facilities that total more than $2.3 billion, according to a Health Management news release.
The new credit facilities include a $500 million senior secured revolving credit facility, a $725 million senior secured term loan A and a $1.4 billion senior secured term loan B.
Additionally, Health Management completed the sale of $875 million of its 7.375 percent senior notes due in 2020, according to the release. Between the offering of the notes and the borrowings under its new credit facilities, Health Management plans to pay down outstanding debt.
The new credit facilities include a $500 million senior secured revolving credit facility, a $725 million senior secured term loan A and a $1.4 billion senior secured term loan B.
Additionally, Health Management completed the sale of $875 million of its 7.375 percent senior notes due in 2020, according to the release. Between the offering of the notes and the borrowings under its new credit facilities, Health Management plans to pay down outstanding debt.
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