Vanguard draws $50 million under delayed-draw term loan

By Sara Rosenberg

New York, Sept. 19 - Vanguard Health Systems Inc. drew down $50 million under its $175 million delayed-draw term loan to fund capital expenditures and for other general corporate purposes, according to an 8-K filed with the Securities and Exchange Commission Monday.

The draw was made on Friday.

The company plans to draw down the remaining $125 million under the term loan prior to Sept. 23 also to fund capital expenditures and for other general corporate purposes.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.