HealthSouth extends maturity date of revolving facility to June 2018

By Marisa Wong

Madison, Wis., June 11 - HealthSouth Corp. amended its third amended and restated credit agreement dated Aug. 10, 2012 to extend the maturity date of the revolving credit facility to June 2018 from August 2017, according to an 8-K filing with the Securities and Exchange Commission.

The company also made changes to the credit agreement to permit, in addition to existing specified amounts and types of permitted restricted payments, additional restricted payments so long as the senior secured leverage ratio is no greater than 1.5 to 1 after giving pro forma effect to those additional restricted payments.

All other terms of the credit agreement remain the same, the filing noted.

HealthSouth entered into the amendment on Tuesday with Barclays Bank plc as administrative agent and collateral agent, Citigroup Global Markets Inc. as syndication agent and Bank of America, NA, Goldman Sachs Lending Partners LLC and Morgan Stanley Senior Funding, Inc. as co-documentation agents.

HealthSouth is a Birmingham, Ala.-based owner and operator of inpatient rehabilitation hospitals.

© 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.