Chemed announced that it has entered into an amended and restated credit agreement for its credit facility. Terms of the credit agreement consist of a five-year $350 million revolving credit facility and a $100 million amortizable term loan.

JPMorgan Chase Bank acted as the administrative agent and J.P. Morgan Securities and Merrill Lynch acted as joint lead arrangers and joint bookrunners for this transaction. Bank of America was the syndication agent and U.S. Bank was the documentation agent.

The interest rate on this credit agreement has a floating rate that is currently 30 day LIBOR plus 125 basis points. An expansion feature is included in this Credit Agreement that provides Chemed the opportunity to increase its revolver andor enter into term loans for an additional $50 million.

Cincinnati, OH-based Chemed Corporation operates two wholly owned subsidiaries VITAS Healthcare and Roto-Rooter. VITAS is the nation’s largest provider of end-of-life hospice care and Roto-Rooter is the nation’s leading provider of plumbing and drain cleaning services.