Community Health amends credit agreement to modify springing maturity

By Jennifer Chiou

New York, March 9 – Community Health Systems Inc. announced an amendment to its credit agreement providing for a $1.7 billion term loan F with Credit Suisse Securities (USA) LLC as the lead bank.

According to a news release, the company and subsidiary CHS/Community Health Systems, Inc. modified certain springing maturity provisions applicable to the existing revolving credit facility and certain term loans, among other amendments.

The incremental term loan facility has a maturity date of Dec. 31, 2018.

As reported, borrowings bear interest at Libor plus 325 basis points.

The term loan will amortize at 1% per year.

Community Health is a Nashville, Tenn.-based hospital company.

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