Moody's: Kindred unaffected by loan expansion

Moody's Investors Service said that Kindred Healthcare, Inc.'s proposed $200 million expansion of its existing senior secured credit facilities has no effect on the company's ratings.

Moody's said that Kindred is seeking to increase availability under its revolving credit facility by $100 million.

Moody's also understands that the company's term loan would be increased by $100 million, proceeds of which would be used to reduce amounts outstanding under the revolver.

Therefore, Moody's said it expects no meaningful change in the company's funded debt levels or related credit metrics as a result of this transaction.

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