Kindred Healthcare Expands ABL Revolver
Kindred Healthcare announced that it has entered into an incremental joinder to increase the available credit capacity from $750 million to $900 million under its senior secured asset-based revolving credit facility.
The increase in the borrowing capacity will be effective upon completion of the company’s merger with Gentiva Health Services, which is expected in the first quarter of 2015. The pricing and other terms of the ABL facility were not changed.
Louisville-based Kindred Healthcare is a FORTUNE 500 healthcare services company.