Kindred to pay down revolver balance with facilities sale proceeds

By Tali David

Minneapolis, April 25 - Kindred Healthcare, Inc. plans to pay down the outstanding balance under its existing revolving credit facility with the proceeds from the sale of 17 of its non-strategic facilities, according to a press release.

As of March 31, the borrowings on its revolving credit facility was roughly $345 million and its available capacity was about $400 million.

Kindred Healthcare is a Louisville, Ky.-based healthcare services company.

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