Houston-based U.S. Physical Therapy, a national operator of outpatient physical therapy clinics, renewed its bank credit facility, extending the maturity date from November 2018 to November 2021.

Funds from the credit agreement may be used for working capital, acquisitions and other corporate purposes. At present there is $51 million outstanding under the line.

Larry McAfee, CFO, said, “The extended maturity date of the credit facility provides U.S. Physical Therapy with significant committed capital for the next several years as we continue to grow U.S. Physical Therapy’s business both internally and through strategic acquisitions. The facility continues to have favorable terms and conditions plus a lower interest rate. We are grateful to Bank of America for their continued support.”