AmSurg repays $1.22 billion loans, terminates credit agreement

By Marisa Wong

Morgantown, W.Va., Dec. 7 – AmSurg Corp. terminated all outstanding commitments and repaid all outstanding loans under its credit agreement dated July 16, 2014 with Citibank, NA as administrative agent, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

As of Dec. 1, immediately prior to the repayment and termination, the total principal amount of the loans outstanding under the credit agreement was $1.22 billion.

Outstanding letters of credit were cash collateralized.

The credit agreement was terminated in connection with Envision Healthcare Holdings, Inc.’s acquisition of AmSurg, which was completed on Dec. 1.

AmSurg is a Nashville operator of ambulatory surgery centers.

© 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.