Addus HomeCare announced that it has executed a credit agreement that expands its credit facilities to $100 million from $55 million. Under the new modified credit agreement, Addus said it has access to a term loan of up to $25 million, with the remaining $75 million available as a revolving credit facility.

According to a related 8-K filing, the lender group was led by Fifth Third Bank as administrative agent and letters of credit issuer. Fifth Third was also the sole lead arranger and sole bookrunner on the transaction. Compass Bank was said to be syndication agent.

The company said it has not accessed the term loan to date and currently has $58.3 million available under the revolving credit facility. The credit agreement has an accordion feature that enables the credit facility to be expanded to a total of $150 million, with access to a term loan of up to $25 million and with the remaining $125 million available as a revolving credit facility.

Downers Grove, IL-based Addus HomeCare is a provider of home and community-based services that are primarily personal in nature, provided in the home and focused on the dual eligible population.