Pediatrix expands revolver to $225 million

By Sara Rosenberg

New York, March 14 - Pediatrix Medical Group Inc. has opted to make use of the accordion feature contained in its revolving credit agreement, increasing the available amount under the facility to $225 million from $150 million, according to a company news release.

Banc of America Securities LLC is the administrative agent on the deal.

As of Friday, the company had $86.5 million outstanding under the credit facility.

Pediatrix is a Sunrise, Fla.-based healthcare services company focused on physician services for newborn, maternal-fetal and other pediatric subspecialty care.

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