SunTrust Bank acted as administrative agent, issuing bank and swingline lender on an amendment to Healthstream’s revolving credit facility, extending the maturity date to November 24, 2020.
According to the related 8-K filing, the amendment also revised the definition of “permitted acquisition” to remove the requirement to deliver acquisition agreements to the administrative agent so long as the additional conditions have been satisfied and excluded Healthstream’s` special dividend paid shareholders on April 3, 2018 from the restricted payments calculation set forth in the original agreement.
HealthStream is a SaaS company which provides workforce, patient experience and provider solutions for healthcare organizations. It provides organizations the tools needed to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes and deliver patient experiences of care.
