AmSurg lowers pricing, extends maturity of revolving credit agreement

By Toni Weeks

San Luis Obispo, Calif., June 18 - AmSurg Corp. amended its revolving credit agreement on June 14 to lower pricing and extend the maturity date, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The revolver is now due on June 13, 2018.

Borrowings will bear interest at Libor plus 125 basis points to 200 bps. The applicable margin, which depends on the company's leverage ratio, is lower than the previous margin by 25 bps to 50 bps, according to the filing.

SunTrust Bank is the administrative agent.

AmSurg is a Nashville-based acquirer, developer and operator of ambulatory surgery centers in partnership with physician practice groups.

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