SunLink Health Systems Borrows $5M for Improvements at Callaway Community Hospital, Debt Refinancing

Atlana-based SunLink Health Systems has announced it has closed a $5 million loan from Pioneer Bank SSB, partially guaranteed under the U.S. Department of Agriculture, Rural Development Business & Industry Program, to fund improvements at Callaway Community Hospital in Fulton, Mo., and to refinance existing debt.

Specifically, SunLink plans to use $1.5 million of the loan at Callaway for general improvements, to build an inpatient geriatric psychiatry unit and for working capital. The additional funds will be used to refinance a portion of the company’s senior debt. The loan is repayable monthly over 25 years at floating prime rate plus 1.5 percent.

SunLink Health Systems Borrows $5M for Improvements at Callaway Community Hospital, Debt Refinancing

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