Brentwood, Tenn.-based LifePoint Hospitals has entered into a credit agreement for $800 million in loans — a $450 million term loan and a $350 million revolving credit facility, which matures in July 2017.
LifePoint's credit facility also includes a provision that could allow for a bigger loan amount, which would be determined as a function of LifePoint's leverage ratio.
The new credit facility replaces LifePoint's previous credit facility, and proceeds of the term loan were used to pay the expenses of the previous credit facility as well.
LifePoint's credit facility also includes a provision that could allow for a bigger loan amount, which would be determined as a function of LifePoint's leverage ratio.
The new credit facility replaces LifePoint's previous credit facility, and proceeds of the term loan were used to pay the expenses of the previous credit facility as well.
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