debt
confidence high
sentiment positive
materiality 0.55
Addus HomeCare expands credit facility to $600M, extends maturity to 2026
Addus HomeCare Corp
- Revolving credit facility increased to $600M; incremental loan facility raised to $125M.
- Outstanding initial term loans reallocated as revolving loans; no further term loans available.
- Maturity of revolving facility extended from May 8, 2023 to July 30, 2026.
- Amendment involved multiple lenders; customary fees and expenses paid.
- Company's borrowing capacity enhanced for working capital and acquisitions.