Nobilis Health entered into a new $82.5 million five-year credit facility with BBVA Compass Bank as administrative agent, sole lead arranger and bookrunner. Legacy Texas Bank served as documentation agent.

The facility consists of a $52.5 million term loan and a $30 million revolving credit facility. Four other banks participated in the facility.

Legacy Texas Bank, which participated in the company’s previous credit facility at $10 million, increased its participation in the new credit facility to $21 million.

Proceeds from the credit facility will be used to refinance all previously held debt under Healthcare Financial Solutions (formerly part of GE Capital) and to fund the $22 million acquisition of Arizona Vein and Vascular Center and its affiliated surgery centers.

The new facility bears interest at a rate of 3% to 3.75%, plus LIBOR, based on the company’s consolidated leverage ratio, versus 4.00% plus LIBOR under the previous facility.

“The expansion of our borrowing capacity and refinancing of existing debt enhances our ability to continue to implement our long-term growth strategy, lowers our overall borrowing costs and further increases our liquidity position,” said Harry Fleming, CEO of Nobilis.