debt
confidence high
sentiment neutral
materiality 0.50
Mednax cuts revolving credit commitments from $1.2B to $600M; no outstanding balance
Pediatrix Medical Group, Inc.
- Revolving commitments reduced from $1.2 billion to $600 million effective August 23, 2021.
- No outstanding principal balance on Credit Agreement as of that date.
- One outstanding letter of credit of $0.1 million; available amount after reduction and minimum availability requirement is $299.9 million.
- Company must maintain minimum availability of $300 million through Q3 2021.