HCA seeks amendment to allow for repayment or extension of loans

By Sara Rosenberg

New York, June 9 -HCA Inc. is looking to amend its credit facility to permit a refinancing or an extension of bank debt, according to market sources.

Under the amendment proposal, the company would be allowed to issue a new term loan, with proceeds from that debt only to be used towards the repayment of existing term loan A and term loan B borrowings on a pro rata basis, sources said.

The amendment would also give the company the option to extend the maturity of loans and issue bonds to repay any non-extended loans.

Bank of America is the agent on the deal.

HCA is a Nashville-based owner and operator of hospitals and surgery centers.

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