SunTrust Bank was administrative agent for a $400 million revolving credit facility for AMN Healthcare Services, a healthcare staffing provider.

SunTrust Robinson Humphrey, Bank of America Merrill Lynch and JPMorgan Chase acted as joint lead arrangers for the transaction.

The agreement also included the ability to expand borrowing by $250 million, plus additional amounts based on a net leverage ratio test, subject to certain terms and conditions. This new five-year agreement replaced the previous $275 million credit facility.

Compared with the previous credit agreement, pricing was reduced by at least 25 basis points at all leverage levels. Other terms of the agreement were consistent with or improved from the one it replaced. The company currently has no borrowings outstanding on the facility.

“With this new credit facility, AMN has obtained greater borrowing capacity at lower interest rates, with extended maturity and improved flexibility under covenants. This larger facility reflects the strength of the company and is important in supporting AMN’s long-term growth strategy,” said Brian M. Scott, CFO of AMN Healthcare.