Matria Healthcare seeks amendment to increase first-lien loan by $65 million

By Sara Rosenberg

New York, Oct. 26 - Matria Healthcare Inc. is looking to amend its credit facility to upsize its first-lien loan by $65 million, according to a company news release.

Proceeds from the new debt will be used to prepay the company's second-lien facility.

The amendment is expected to close and fund next week.

In addition, on Thursday, Matria announced that, following the end of the third quarter, it used operating cash flow to make a $10 million debt prepayment. The company has made total prepayments this year of $165 million and anticipates increasing that amount to at least $175 million by year-end.

Matria Healthcare is a Marietta, Ga.-based provider of comprehensive health enhancement programs to health plans, employers and government agencies.

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