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.
More Articles on For-Profit Hospital Financing:
Prime Healthcare Receives $150M Revolving Credit Facility
CHS Completes Newest Offering of $1.2B
Vanguard Health Systems to Issue $350M in Senior Notes
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