AMN Healthcare seeks loan amendment to get incremental term loan debt

By Sara Rosenberg

New York, May 1 - AMN Healthcare Services Inc. is looking to amend its credit facility to allow for additional term loan borrowings that will be used to fund a stock repurchase, according to a company news release.

Under the share repurchase, the company plans to buy 1.8 million shares of its stock for an estimated $35 million in cash.

Following the repurchase, the company's debt is expected to increase to about $240 million from about $205 million.

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

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