AMN Healthcare Services reduces revolving facility to $40 million

By Sara Rosenberg

New York, Dec. 21 - AMN Healthcare Services Inc. lowered its three-year revolving credit facility to $40 million from $75 million, according to a market source.

Pricing on the revolver was left unchanged at Libor plus 400 basis points.

AMN's $150 million credit facility also includes a $110 million four-year term loan priced at Libor plus 400 bps with a 2.25% Libor floor and an original issue discount of 96.

Bank of America and SunTrust are the lead banks on the deal that is being used to refinance the company's existing credit facility, with Bank of America the left lead.

AMN is a San Diego-based health care staffing company.

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