Almost Family draws from senior secured revolver for Bracor buyout

By Marisa Wong

Morgantown, W.Va., Sept. 2 – Almost Family, Inc. borrowed from its $175 million senior secured revolving credit facility to fund its acquisition of Bracor, Inc. (dba WillCare), according to an 8-K filing with the Securities and Exchange Commission.

The company completed its acquisition of all of Bracor’s equity interests on Aug. 29 for total cash consideration of $50.5 million.

JPMorgan Chase Bank, NA is the administrative agent, and Bank of America is the syndication agent for the facility.

Almost Family is Louisville, Ky.-based a provider of home health nursing services.

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