LHC Group gets $75 million amended and restated credit facility

By Sara Rosenberg

New York, Oct. 13 - LHC Group Inc. closed on a $75 million three-year amended and restated senior revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Capital One acted as the bookrunner, lead arranger and administrative agent on the deal that was completed on Oct. 12.

Pricing on the revolver ranges from Libor plus 225 basis points to 275 bps based on leverage.

Financial covenants include a fixed-charge coverage ratio of 1.50 to 1.00 and a leverage ratio of 2.00 to 1.00.

Proceeds are available to refinance existing debt, to finance certain acquisitions and capital expenditures, for working capital and for other general corporate purposes.

LHC Group is a Lafayette, La.-based provider of post-acute health care services primarily to Medicare beneficiaries in rural markets.

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