Surgery Center increases limit on additional debt to $150 million

By Wendy Van Sickle

Columbus, Ohio, Sept. 27 – Surgery Center Holdings Inc.’s amendment to its first-lien credit agreement dated Nov. 3, 2014 increased the company’s ability to incur additional debt by up to $150 million, according to details in an 8-K filing with the Securities and Exchange Commission.

As previously reported, the amendment also repriced the $937 million term loan at Libor plus 375 basis points. Interest for revolving loans is Libor plus 425 bps.

The repriced loan includes 101 soft call protection for six months.

The companies entered into the amendment on Monday.

Jefferies Finance LLC was the administrative agent and the collateral agent, and Jefferies Finance LLC was the issuing bank.

The surgical facilities operator is based in Nashville.

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