AMN Healthcare Refinances Its Outstanding Credit FacilitiesMonday, April 21, 2014
San Diego staffing company AMN Healthcare Services Inc. has refinanced its existing credit facilities. The new facilities include a $150 million secured term loan and a $225 million secured revolving line of credit, the company said.
Loans under the new credit facilities bear interest at per annum floating rates that are adjusted quarterly based on the company’s leverage ratio; the credit facilities mature in April 2019.
The new credit agreement reduces the average cost of debt significantly, AMN Chief Financial Officer Brian M. Scott said, and allows the company the “flexibility to pursue opportunistic investments in strategic healthcare workforce solutions.”