Skilled Healthcare amends revolver, pushing out maturity by two years

By Sara Rosenberg

New York, April 29 - Skilled Healthcare Group Inc. amended its credit facility, extending the maturity of the revolver by two years to June 15, 2012, according to a news release.

The revolver will be sized at $135 million through the original maturity of June 15, 2010 and then it will reduce to $124 million.

Current interest rates on the revolver of Libor plus 275 basis points will be maintained.

As of March 31, there was $93 million outstanding under the revolver.

Skilled Healthcare is a Foothill Ranch, Calif.-based operator of skilled nursing and assisted living facilities and a provider of rehabilitation therapy and hospice services.

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