Quality Systems obtains upsized $300 million five-year revolver

By Wendy Van Sickle

Columbus, Ohio, April 2 – Quality Systems, Inc., d/b/a NextGen Healthcare, entered into a $300 million five-year amended and revolving credit agreement on Thursday with JPMorgan Chase Bank, NA as administrative agent, according to press release issued on Monday.

U.S. Bank NA is the syndication agent.

The amended facility matures on March 29, 2023 and replaces the company’s prior $250 million facility.

The facility has a $100 million accordion feature.

“We are pleased to enter into this expanded credit facility which provides us with increased financial flexibility for the next five years through additional borrowing capability at more favorable terms compared to our previous facility,” Jamie Arnold, the company’s chief financial officer, said in the release.

Based in Irvine, Calif., Quality Systems develops health IT software for medical and dental clients.

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