Allscripts Healthcare amends and restates loan to reduce pricing

By Sara Rosenberg

New York, April 6 - Allscripts Healthcare Solutions Inc. amended and restated its credit facility, reducing pricing by 75 basis points across the grid, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Initial pricing on the facility is Libor plus 225 bps. The spread can range from Libor plus 150 bps to 250 bps based on leverage.

Also, the commitment fee on the revolver can now range from 25 bps to 45 bps based on leverage.

In addition, the company is now allowed to borrow up to $100 million under its revolver in certain foreign currencies and the leverage ratio with which the company can make unlimited restricted payments was increased to 2.00 to 1 from 1.75 to 1.

The amendment and restatement was completed on March 31.

JPMorgan Chase Bank is the administrative agent on the deal.

Allscripts is a Chicago-based provider of clinical, financial, connectivity, and information services to hospitals, physicians and post-acute organizations.

© 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.