Vanguard Health completes term loan repricing amendment

By Sara Rosenberg

New York, Aug. 26 - Vanguard Health Systems Inc. completed the previously announced amendment to its term loan that repriced the deal at Libor plus 225 basis points from Libor plus 325 bps, according to an 8-K filed with the Securities and Exchange Commission Friday.

The interest rate reduction will be effective on Sept. 26.

In addition, the company plans on drawing down the remaining amount under its $175 million delayed-draw term loan prior to the Sept. 23 deadline.

Bank of America is the administrative agent on the deal.

The amendment was completed on Thursday.

Vanguard is a Nashville, Tenn., owner and operator of acute care hospitals and related health care services.

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