Hill-Rom amends credit agreement to facilitate business structuring

By Marisa Wong

Morgantown, W.Va., July 7 – Hill-Rom Holdings, Inc. amended its senior credit agreement on June 30 to be able to enter into certain internal business structuring actions, update the investment basket related to usage of the available amount to conform to the equivalent restricted payments basket and make other related changes, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement includes a $1 billion term loan A, a $500 million senior secured revolver and an $800 million term loan B.

JPMorgan Chase Bank, NA is the administrative agent for the term loan A and revolver, and Goldman Sachs Bank USA is the as administrative agent for the term loan B.

Hill-Rom is a Chicago-based medical technology company.

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