By Sara Rosenberg
New York, April 1 - AMN Healthcare Inc. amended its credit facility, modifying leverage ratio requirements (see table 1) and fixed charge coverage ratio requirements (see table 2), according to an 8-K filed with the Securities and Exchange Commission Friday.
The amendment is dated as of March 29.
Bank of America is the agent on the deal.
AMN is a San Diego-based temporary healthcare staffing company and a provider of travel nurse staffing services.
Table 1: Leverage ratio
| Fiscal year | March 31 | June 30 | Sept. 30 | Dec. 31
|
| 2003 | 1.50 | 1.50 | 1.50 | 2.50
|
| 2004 | 2.50 | 2.75 | 3.25 | 3.25
|
| 2005 | 3.25 | 3.25 | 3.00 | 3.00
|
| 2006 | 3.00 | 2.75 | 2.75 | 2.50
|
| 2007 and thereafter | 2.50 | 2.50 | 2.00 | 2.00
|
|
|
| Table 2: Fixed charge coverage ratio
|
| Fiscal Year | March 31 | June 30 | Sept. 30 | Dec. 31
|
| 2003 | 3.00 | 3.00 | 3.00 | 3.00
|
| 2004 | 3.00 | 3.00 | 2.25 | 2.00
|
| 2005 | 2.00 | 2.00 | 2.00 | 2.00
|
| 2006 | 2.50 | 2.50 | 2.50 | 2.50
|
| 2007 and thereafter | 3.00 | 3.00 | 3.00 | 3.00
|
|
|
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