Chemed completes $350 million amended and restated credit facility

By Sara Rosenberg

New York, Jan. 22 - Chemed Corp. closed on a $350 million amended and restated five-year revolving credit facility that is initially priced at Libor plus 125 basis points, according to a news release.

J.P. Morgan Securities LLC and Bank of America Merrill Lynch acted as the joint lead arrangers and bookrunners on the deal that was completed on Jan. 18.

There is a $150 million accordion feature.

Proceeds are available for general corporate needs.

Chemed is a Cincinnati-based provider of end-of-life hospice care and a provider of plumbing and drain cleaning services.

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