Addus HomeCare expands revolving line of credit to $300 million

By Wendy Van Sickle

Columbus, Ohio, Sept. 13 – Addus HomeCare Corp. increased the revolving line of credit under its Oct. 31, 2018 credit agreement by $50 million to $300 million, according to an 8-K filing with the Securities and Exchange Commission.

Thursday’s amendment was the first to the credit agreement with Addus HealthCare, Inc. as borrower and Capital One, NA as administrative agent.

The amendment provides that future incremental loans may be for term loans or an increase to the revolving loan commitments.

Addus is a Downers Grove, Ill.-based in-home personal and medical care services company.

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