Skilled Healthcare raises revolver by $35 million

New York, March 31 - Skilled Healthcare Group, Inc. said it exercised the accordion feature on its revolver, increasing the size to $35 million to $135 million.

The Foothill Ranch, Calif., operator of skilled nursing facilities and a rehabilitation therapy business now has $52.5 million of availability on the revolver.

Proceeds from the extra borrowing capacity will be used to continue the company's growth, Skilled Healthcare said.

© 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.