debt
confidence high
sentiment neutral
materiality 0.40
Surgery Partners increases revolving credit facility by $40M to $210M
Surgery Partners, Inc.
- Seventh Amendment to credit agreement ups aggregate revolving commitments from $170M to $210M.
- Amendment dated Nov 19, 2021; Jefferies Finance LLC is administrative and collateral agent.
- New $40M incremental revolving commitments rank pari passu with existing revolving loans.
- Effectiveness subject to customary conditions: representations, no default, solvency certificate, legal opinion.
- Additional capacity supports working capital and general corporate purposes.