NextGen Healthcare replaced its $250 million credit facility with a $300 million revolving credit agreement with JPMorgan as administrative agent. U.S. Bank served as syndication agent for the transaction.

The amended facility matures on March 29, 2023 and replaces NextGen Healthcare’s prior $250 million facility.

The facility includes a $100 million accordion feature, which could accommodate additional borrowing up to $400 million in the aggregate.

“We are pleased to enter into this expanded credit facility which provides us with increased financial flexibility for the next five years through additional borrowing capability at more favorable terms compared to our previous facility,” said Jamie Arnold, NextGen Healthcare chief financial officer.

NextGen Healthcare provides a range of software, services and analytics solutions to medical and dental group practices.