debt
confidence high
sentiment positive
materiality 0.65
AdaptHealth closes $950M senior secured credit facility, extends maturity to 2029, reduces cost of debt
AdaptHealth Corp.
- New facility: $650M Term Loan A (fully funded) + $300M Revolver, replacing $450M revolver and existing term loan due Jan 2026.
- Maturity extended to September 13, 2029; interest rate pricing decreased from prior credit facility.
- Proceeds used to fully repay existing Term Loan with no penalty; undrawn commitment fees reduced.
- 13 lenders including Regions Bank, BofA, Capital One, Citizens, Fifth Third, JPMorgan, Truist.