MiraMed gets $75 million five-year senior secured credit facility

By Marisa Wong

Morgantown, W.Va., Aug. 20 – MiraMed Global Services said it has completed a $75 million five-year syndicated senior secured credit facility.

This new facility replaces the company’s prior facility that was scheduled to expire in December and enhances MiraMed’s financial flexibility, according to a press release.

The credit facility includes an accordion feature that can expand commitments in the form of revolving loans or incremental term loans, at the company’s option.

Citibank, NA acted as bookrunner and lead arranger for the syndicated credit facility, with Citizens Bank as lead arranger and syndication agent and HSBC Bank and Fifth Third Bank as co-documentation agents.

Based in Jackson, Mich., MiraMed is a health care revenue cycle management services and business process outsourcing services provider.

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