Kindred Healthcare completed syndication and pricing of an incremental term loan. JPMorgan acted as administrative agent and collateral agent for the financing.
Kindred Healthcare entered into an incremental joinder to increase the available credit capacity from $750 million to $900 million under its senior secured ABL revolver.
The ABF Journal confirmed through a company spokesperson, that JPMorgan Chase acted as administrative agent and collateral agent on Kindred Healthcare’s amendment and restatement of its existing secured term loan facility and senior secured asset-based revolving credit facility.
Kindred Healthcare announced it has completed the refinancing of its existing debt with $2.25 billion of secured and unsecured debt, which included amending its $750 million ABL facility.
Kindred Healthcare said it has successfully completed amendments to its $750 million senior secured ABL revolver and $785.5 million senior secured term loan to increase its borrowing capacity with a lender group led by JPMorgan Chase as administrative agent.