Kindred to pay down revolver balance with Signature sale proceeds

By Tali David

Minneapolis, June 25 - Kindred Healthcare, Inc. plans to pay down the outstanding balance under its revolving credit facility with the proceeds from its sale of Signature Healthcare, LLC, according to a filing with the Securities and Exchange Commission.

As of March 31, the outstanding balance on the company's $750 million revolving credit facility was about $350 million. The company said it expects the Signature transaction will be slightly dilutive to earnings in 2013.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.