The Ensign Group and its operating subsidiaries have increased its revolving credit facility by $100 million to an aggregate of $250 million, $105 million of which was drawn as of February 1, 2016. The credit facility is supported by a lending consortium arranged by SunTrust Robinson Humphrey and Wells Fargo Securities.

The amendment also reduced the LIBOR-based interest rate by 50 basis points and extended the termination date for the revolving commitment to February 5, 2021, among other things.

“This credit facility further strengthens our long-term capital structure and, together with our strong operating performance, extends Ensign’s ability to continue expanding our portfolio of healthcare operations,” said Suzanne Snapper, Ensign’s CFO. “The continued confidence shown by our banking partners is a testament to Ensign’s solid operating history and our strong balance sheet, and we look forward to working with them further as we continue our strategy of disciplined growth.” she added.

The credit facility will be used to fund acquisitions, renovate and upgrade existing and future facilities, cover working capital needs and for other corporate purposes.

The Ensign Group’s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services, urgent care services and other rehabilitative and healthcare services at 187 facilities, 14 hospice agencies, 15 home health agencies, three home care businesses and 17 urgent care clinics in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon, Wisconsin, Kansas and South Carolina.