Envision Healthcare, a national medical group, completed two financing transactions designed to enhance the company’s financial flexibility and long-term stability.
Envision has secured a new term loan and a new asset-based lending revolving credit facility. The new term loan refinanced the company’s existing term loan, extending the maturity to 2030, further strengthening Envision Healthcare’s balance sheet.
“This is a big step forward for Envision,” Jason Owen, president and CEO of Envision Healthcare, said. “These new financial agreements reflect the confidence our lending partners have in our company’s purpose and long-term strategy. With improved flexibility and reduced debt, we believe we are well-positioned to support our teams and continue delivering compassionate, high-quality care to the communities we serve.”
The new capital structure is expected to generate meaningful cost savings, optimize resource allocation and enable continued strategic investments across the organization.
Goldman Sachs Bank and Wells Fargo Bank served as joint lead arrangers and bookrunners for the ABL facility, with participation from a syndicate of additional lenders. Sidley Austin served as counsel for Envision Healthcare and Latham and Watkins served as counsel for Goldman Sachs.
