AMN Healthcare amends term loan, trimming spread to Libor plus 300 bps

By Sara Rosenberg

New York, April 9 - AMN Healthcare Services Inc. amended its term loan, reducing the interest rate to Libor plus 300 basis points with a 0.75% Libor floor, according to a news release.

Pricing on the company's revolver was reduced as well.

"Our amended credit agreement reduces our term loan interest rate by 200 bps, which provides a meaningful reduction in our cost of borrowing," Brian M. Scott, chief financial officer, said in the release.

"The agreement also provides increased flexibility in terms of our maximum leverage ratio," Scott added.

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

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